East West Bancorp, Inc. (NASDAQ:EWBC) – Analysts at SunTrust Banks lifted their Q4 2018 earnings estimates for shares of East West Bancorp in a report released on Tuesday, January 8th. SunTrust Banks analyst M. Young now forecasts that the financial services provider will post earnings per share of $1.21 for the quarter, up from their prior forecast of $1.20.
East West Bancorp (NASDAQ:EWBC) last announced its earnings results on Thursday, October 18th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.03. The business had revenue of $395.22 million during the quarter, compared to analysts’ expectations of $398.25 million. East West Bancorp had a net margin of 34.80% and a return on equity of 15.70%. During the same quarter last year, the company posted $0.91 EPS.
Shares of East West Bancorp stock opened at $47.38 on Thursday. The stock has a market cap of $6.85 billion, a P/E ratio of 13.69, a PEG ratio of 0.89 and a beta of 1.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11. East West Bancorp has a 12-month low of $40.05 and a 12-month high of $73.98.
Large investors have recently modified their holdings of the business. State of Alaska Department of Revenue boosted its stake in shares of East West Bancorp by 1.9% in the 4th quarter. State of Alaska Department of Revenue now owns 15,519 shares of the financial services provider’s stock valued at $675,000 after purchasing an additional 292 shares during the last quarter. MetLife Investment Advisors LLC boosted its stake in East West Bancorp by 1.0% during the 2nd quarter. MetLife Investment Advisors LLC now owns 91,068 shares of the financial services provider’s stock worth $5,938,000 after acquiring an additional 865 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in East West Bancorp by 12.5% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,980 shares of the financial services provider’s stock worth $542,000 after acquiring an additional 1,000 shares during the last quarter. Synovus Financial Corp boosted its stake in East West Bancorp by 14.9% during the 3rd quarter. Synovus Financial Corp now owns 8,616 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 1,119 shares during the last quarter. Finally, BlueMountain Capital Management LLC boosted its stake in East West Bancorp by 4.2% during the 3rd quarter. BlueMountain Capital Management LLC now owns 29,061 shares of the financial services provider’s stock worth $1,754,000 after acquiring an additional 1,164 shares during the last quarter. 87.80% of the stock is currently owned by hedge funds and other institutional investors.
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 small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.
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