What is DA Davidson’s Estimate for EWBC Q4 Earnings?

East West Bancorp, Inc. (NASDAQ:EWBC) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for East West Bancorp in a research report issued to clients and investors on Thursday, October 24th. DA Davidson analyst G. Tenner anticipates that the financial services provider will earn $2.17 per share for the quarter. DA Davidson has a “Buy” rating and a $107.00 price objective on the stock. The consensus estimate for East West Bancorp’s current full-year earnings is $8.20 per share.

East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.03. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $641.80 million. East West Bancorp had a return on equity of 16.64% and a net margin of 25.40%. During the same quarter last year, the firm posted $2.02 EPS.

A number of other research analysts have also weighed in on EWBC. Piper Sandler raised their price target on shares of East West Bancorp from $87.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday. Jefferies Financial Group decreased their target price on East West Bancorp from $94.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Truist Financial increased their price objective on East West Bancorp from $93.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush lifted their target price on shares of East West Bancorp from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, StockNews.com cut shares of East West Bancorp from a “hold” rating to a “sell” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, East West Bancorp has an average rating of “Moderate Buy” and an average target price of $99.46.

East West Bancorp Stock Performance

EWBC opened at $97.19 on Friday. The firm’s fifty day simple moving average is $83.66 and its two-hundred day simple moving average is $78.49. East West Bancorp has a 52-week low of $51.40 and a 52-week high of $98.95. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 2.08 and a beta of 1.29. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.49.

East West Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Monday, November 4th. East West Bancorp’s dividend payout ratio is presently 27.71%.

Insider Activity

In related news, EVP Lisa L. Kim sold 6,000 shares of East West Bancorp stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $78.68, for a total value of $472,080.00. Following the completion of the sale, the executive vice president now owns 18,891 shares in the company, valued at approximately $1,486,343.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other East West Bancorp news, EVP Lisa L. Kim sold 6,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $78.68, for a total transaction of $472,080.00. Following the sale, the executive vice president now directly owns 18,891 shares in the company, valued at $1,486,343.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jack C. Liu sold 2,000 shares of East West Bancorp stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $83.50, for a total value of $167,000.00. Following the completion of the transaction, the director now owns 16,557 shares of the company’s stock, valued at $1,382,509.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On East West Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverview Trust Co purchased a new position in East West Bancorp during the 1st quarter worth approximately $25,000. UMB Bank n.a. grew its position in shares of East West Bancorp by 362.8% during the third quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 283 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in East West Bancorp in the 2nd quarter valued at $30,000. American Capital Advisory LLC purchased a new position in East West Bancorp during the 2nd quarter worth $31,000. Finally, Tobam boosted its stake in shares of East West Bancorp by 131.7% during the third quarter. Tobam now owns 482 shares of the financial services provider’s stock worth $40,000 after buying an additional 274 shares during the period. 89.53% of the stock is currently owned by institutional investors and hedge funds.

East West Bancorp Company Profile

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.