EPS for East West Bancorp, Inc. (EWBC) Expected At $0.87

September 17, 2017 - By Winifred Garcia

 EPS for East West Bancorp, Inc. (EWBC) Expected At $0.87
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.
Btim Corporation holds 0.17% or 206,212 shares in its portfolio. Advantus Mngmt accumulated 17,916 shares or 0.02% of the stock. 211,983 are held by Hartford Investment Mgmt. Edge Asset Management holds 0.47% or 1.19M shares. Winslow Evans & Crocker Incorporated reported 0% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Monarch Prns Asset Management Limited Company reported 1.55% stake. State Treasurer State Of Michigan reported 58,100 shares. Aperio Group Lc stated it has 48,222 shares or 0.02% of all its holdings. Millennium Mgmt Ltd Liability Corp reported 493,066 shares. Quantum Cap invested in 0.11% or 8,205 shares. The California-based Menta Capital Limited Liability Company has invested 0.04% in East West Bancorp, Inc. (NASDAQ:EWBC). Rafferty Asset Mngmt Ltd Limited Liability Company, New York-based fund reported 7,214 shares. Assetmark has 79 shares. World Asset Management holds 8,763 shares or 0.02% of its portfolio. Glenmede Trust Co Na has 61,850 shares for 0.02% of their portfolio.

Since March 20, 2017, it had 0 insider buys, and 5 selling transactions for $4.12 million activity. On Monday, April 10 NG DOMINIC sold $1.34 million worth of East West Bancorp, Inc. (NASDAQ:EWBC) or 26,200 shares. On Tuesday, June 13 the insider LIU JACK C sold $66,257. CAMPBELL MOLLY sold $32,999 worth of stock.

Wall Street await East West Bancorp, Inc. (NASDAQ:EWBC) to release earnings on October, 18. Analysts forecast earnings per share of $0.87, up exactly $0.11 or 14.47 % from 2014’s $0.76 EPS. The expected EWBC’s profit could reach $125.75 million giving the stock 16.08 P/E in the case that $0.87 earnings per share is reported. After posting $0.81 EPS for the previous quarter, East West Bancorp, Inc.’s analysts now forecast 7.41 % EPS growth. 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 “Outperform” rating given on Friday, October 23 by Wells Fargo. As per Friday, July 14, the company rating was downgraded by Deutsche Bank. Piper Jaffray maintained the stock with “Buy” rating in Thursday, July 20 report. The rating was downgraded by Raymond James to “Underperform” on Thursday, March 16. The rating was downgraded by Keefe Bruyette & Woods on Thursday, April 28 to “Market Perform”. The rating was upgraded by BMO Capital Markets to “Outperform” on Thursday, January 14. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Hold” rating given on Friday, June 23 by Keefe Bruyette & Woods. The firm has “Buy” rating by Deutsche Bank given on Wednesday, February 24. Raymond James downgraded East West Bancorp, Inc. (NASDAQ:EWBC) on Monday, October 5 to “Mkt Perform” rating. BMO Capital Markets downgraded East West Bancorp, Inc. (NASDAQ:EWBC) on Friday, July 7 to “Market Perform” rating.

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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