$0.91 EPS Expected for East West Bancorp, Inc. (EWBC)

January 14, 2018 - By Henry Gaston

 $0.91 EPS Expected for East West Bancorp, Inc. (EWBC)
Investors sentiment decreased to 1.18 in Q3 2017. Its down 0.20, from 1.38 in 2017Q2. It worsened, as 31 investors sold East West Bancorp, Inc. shares while 116 reduced holdings. 47 funds opened positions while 127 raised stakes. 124.37 million shares or 0.88% more from 123.29 million shares in 2017Q2 were reported.
Arrowstreet Capital Lp stated it has 0% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Mutual Of America Capital Management Ltd Com holds 125,563 shares or 0.12% of its portfolio. First Quadrant Limited Partnership Ca accumulated 429,664 shares or 0.5% of the stock. Utah Retirement has 0.04% invested in East West Bancorp, Inc. (NASDAQ:EWBC). Royal Savings Bank Of Canada reported 0% stake. Whittier Com owns 73,852 shares. Citigroup Inc stated it has 237,140 shares or 0.01% of all its holdings. Gemmer Asset Mgmt Limited Co owns 296 shares. 438,956 are owned by Public Employees Retirement System Of Ohio. Jacobs Levy Equity Mngmt has invested 0.38% in East West Bancorp, Inc. (NASDAQ:EWBC). Convergence Investment Prns Ltd Liability invested in 0.29% or 34,707 shares. Polar Cap Ltd Liability Partnership accumulated 71,027 shares. Hsbc Public Limited holds 0.02% or 183,885 shares. Geode Cap Mngmt Ltd Llc owns 1.35 million shares. Aqr Cap Lc has invested 0.02% in East West Bancorp, Inc. (NASDAQ:EWBC).

Since September 18, 2017, it had 0 insider buys, and 3 selling transactions for $1.02 million activity. Estrada Rudolph sold $107,239 worth of East West Bancorp, Inc. (NASDAQ:EWBC) on Monday, September 18. 5,000 shares valued at $306,286 were sold by KRAUSE DOUGLAS PAUL on Tuesday, December 19.

Analysts expect East West Bancorp, Inc. (NASDAQ:EWBC) to report $0.91 EPS on January, 24.They anticipate $0.15 EPS change or 19.74 % from last quarter’s $0.76 EPS. EWBC’s profit would be $131.53 million giving it 18.49 P/E if the $0.91 EPS is correct. After having $0.89 EPS previously, East West Bancorp, Inc.’s analysts see 2.25 % EPS growth. The stock increased 0.27% or $0.18 during the last trading session, reaching $67.32. About 1.11M shares traded or 23.27% up from the average. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 46.25% since January 14, 2017 and is uptrending. It has outperformed by 29.55% the S&P500.

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

Among 14 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. East West Bancorp Inc. has $74.0 highest and $41 lowest target. $62.85’s average target is -6.64% below currents $67.32 stock price. East West Bancorp Inc. had 41 analyst reports since August 26, 2015 according to SRatingsIntel. Piper Jaffray maintained it with “Buy” rating and $6800 target in Thursday, July 20 report. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, October 20. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 3. SunTrust maintained the stock with “Buy” rating in Monday, October 23 report. Piper Jaffray maintained it with “Buy” rating and $68.0 target in Thursday, September 21 report. The firm has “Mkt Perform” rating by Raymond James given on Monday, October 5. The rating was maintained by Sandler O’Neill with “Buy” on Thursday, January 4. Piper Jaffray maintained the shares of EWBC in report on Friday, October 20 with “Buy” rating. The rating was downgraded by Deutsche Bank on Friday, July 14 to “Hold”.

East West Bancorp, Inc. operates as the holding firm 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. The company has market cap of $9.73 billion. The firm operates through three divisions: Retail Banking, Commercial Banking, and Other. It has a 18.49 P/E ratio. It offers various deposit products comprising personal and business checking and savings accounts, time deposits and individual retirement accounts, travelersÂ’ checks, safe deposit boxes, and MasterCard and Visa merchant deposit services.

More news for East West Bancorp, Inc. (NASDAQ:EWBC) were recently published by: Streetinsider.com, which released: “Form 5 EAST WEST BANCORP INC For: Dec 31 Filed by: RENKEN KEITH W” on January 13, 2018. Businesswire.com‘s article titled: “East West Bancorp Announces Dates for Fourth Quarter and Full Year 2017 …” and published on January 05, 2018 is yet another important article.

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