Analysts See $0.87 EPS for East West Bancorp, Inc. (EWBC)

September 17, 2017 - By Ellis Scott

 Analysts See $0.87 EPS for East West Bancorp, Inc. (EWBC)
Investors sentiment increased to 1.24 in Q4 2016. Its up 0.39, from 0.85 in 2016Q3. It increased, as 20 investors sold East West Bancorp, Inc. shares while 114 reduced holdings. 60 funds opened positions while 106 raised stakes. 119.97 million shares or 0.48% more from 119.39 million shares in 2016Q3 were reported.
Balyasny Asset Mgmt Ltd Co invested in 0.12% or 456,014 shares. Louisiana State Employees Retirement holds 35,600 shares. Sit Inv Inc has invested 0.02% in East West Bancorp, Inc. (NASDAQ:EWBC). Renaissance Ltd Liability Com holds 0.01% in East West Bancorp, Inc. (NASDAQ:EWBC) or 74,133 shares. Cap Invsts holds 0.16% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC) for 9.70 million shares. 1.16 million are owned by Principal Group Incorporated. Kanaly holds 91 shares. Vigilant Cap Mngmt Limited Com has 344 shares for 0% of their portfolio. Sg Americas Securities Ltd Liability Com stated it has 0.04% in East West Bancorp, Inc. (NASDAQ:EWBC). Royal Bankshares Of Canada invested in 57,472 shares or 0% of the stock. Maltese Capital Lc reported 35,000 shares. Martingale Asset L P invested 0.05% in East West Bancorp, Inc. (NASDAQ:EWBC). Schroder Invest Management Grp Incorporated holds 0.04% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC) for 405,095 shares. Prudential Financial Incorporated invested 0.09% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Charter Tru Com has 19,260 shares.

Since March 20, 2017, it had 0 buys, and 5 selling transactions for $4.12 million activity. CAMPBELL MOLLY had sold 590 shares worth $32,999 on Wednesday, May 10. 26,200 East West Bancorp, Inc. (NASDAQ:EWBC) shares with value of $1.34M were sold by NG DOMINIC.

Investors wait East West Bancorp, Inc. (NASDAQ:EWBC) to report on October, 18. its quarterly earnings Wall Street analysts expect $0.87 EPS, up $0.11 or 14.47 % from last year’s $0.76 same quarter earnings. This translates into $125.75 million profit for EWBC giving the stock a 16.08 P/E. This is assuming the current $0.87 EPS is accurate. East West Bancorp, Inc.’s Wall Street analysts see 7.41 % EPS growth, taking into account the $0.81 EPS reproted in the previous quarter, The stock increased 0.94% or $0.52 on September 15, reaching $55.97. About 1.02 million shares traded or 71.63% up from the average. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 46.25% since September 17, 2016 and is uptrending. It has outperformed by 29.55% the S&P500.

East West Bancorp, Inc. (NASDAQ:EWBC) Ratings Coverage

Among 11 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. East West Bancorp Inc. had 23 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, July 20 by Piper Jaffray. The company was downgraded on Friday, July 7 by BMO Capital Markets. BMO Capital Markets upgraded East West Bancorp, Inc. (NASDAQ:EWBC) on Thursday, January 14 to “Outperform” rating. The firm earned “Mkt Perform” rating on Monday, October 5 by Raymond James. As per Thursday, April 28, the company rating was downgraded by Keefe Bruyette & Woods. Raymond James downgraded the stock to “Underperform” rating in Thursday, March 16 report. The stock has “Outperform” rating by Macquarie Research on Friday, July 22. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Hold” rating given on Monday, July 24 by Keefe Bruyette & Woods. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Outperform” rating given on Friday, October 23 by Wells Fargo. Deutsche Bank downgraded the stock to “Hold” rating in Friday, July 14 report.

East West Bancorp, Inc. is a bank holding company. The company has market cap of $8.09 billion. The Company’s principal business is to serve as a holding firm for East West Bank and other banking or banking-related subsidiaries. It has a 16.01 P/E ratio. The Bank is a California state-chartered bank, which operates in the United States and Greater China.

Another recent and important East West Bancorp, Inc. (NASDAQ:EWBC) news was published by Seekingalpha.com which published an article titled: “East West Bancorp’s (EWBC) CEO Dominic Ng on Q2 2017 Results – Earnings Call …” on July 20, 2017.

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