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

September 17, 2017 - By Nellie Frank

 EPS for East West Bancorp, Inc. (EWBC) Expected At $0.87
Investors sentiment increased to 1.24 in 2016 Q4. Its up 0.39, from 0.85 in 2016Q3. It improved, 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.
State Common Retirement Fund has invested 0.03% in East West Bancorp, Inc. (NASDAQ:EWBC). Alliancebernstein L P reported 0% stake. Shell Asset Management invested 0.03% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Price T Rowe Assocs Incorporated Md holds 0.05% or 5.23 million shares. Geode Capital Mgmt Ltd reported 1.26M shares stake. 5.89M were accumulated by State Street. Tower Limited Liability (Trc) reported 0.01% stake. Commercial Bank owns 0.06% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 3,693 shares. Comerica National Bank & Trust accumulated 107,754 shares. Stieven Capital Advsrs L P reported 35,309 shares. Wells Fargo & Mn owns 0.01% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 384,521 shares. Moreover, Arizona State Retirement System has 0.04% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 58,852 shares. Hancock Holding owns 18,920 shares. The British Columbia – Canada-based Connor Clark And Lunn Investment Mgmt Limited has invested 0.01% in East West Bancorp, Inc. (NASDAQ:EWBC). Moreover, Telemark Asset Mngmt Ltd Limited Liability Company has 0.44% invested in East West Bancorp, Inc. (NASDAQ:EWBC).

Since March 20, 2017, it had 0 buys, and 5 selling transactions for $4.12 million activity. NG DOMINIC sold $1.42M worth of stock or 26,200 shares. 590 shares were sold by CAMPBELL MOLLY, worth $32,999 on Wednesday, May 10.

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on October, 18. They expect $0.87 earnings per share, up 14.47 % or $0.11 from last year’s $0.76 per share. EWBC’s profit will be $125.75 million for 16.08 P/E if the $0.87 EPS becomes a reality. After $0.81 actual earnings per share reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts 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. On Thursday, July 20 the stock rating was maintained by Piper Jaffray with “Buy”. BMO Capital Markets upgraded East West Bancorp, Inc. (NASDAQ:EWBC) on Thursday, January 14 to “Outperform” rating. Wood downgraded East West Bancorp, Inc. (NASDAQ:EWBC) rating on Thursday, April 28. Wood has “Market Perform” rating and $41 target. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Hold” rating given on Friday, June 23 by Keefe Bruyette & Woods. The firm earned “Underperform” rating on Thursday, March 16 by Raymond James. On Wednesday, February 24 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Hold” rating on Monday, July 24 by Keefe Bruyette & Woods. Deutsche Bank downgraded East West Bancorp, Inc. (NASDAQ:EWBC) on Friday, July 14 to “Hold” rating. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Market Perform” rating given on Thursday, April 28 by Keefe Bruyette & Woods. The rating was upgraded by Macquarie Research on Friday, July 22 to “Outperform”.

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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