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

September 17, 2017 - By test

 $0.87 EPS Expected 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.
Federated Pa reported 0.1% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Pinebridge Invs Limited Partnership accumulated 211,703 shares. Blackrock Institutional Trust Na holds 0.03% or 4.48M shares in its portfolio. The Texas-based Capstone Asset Company has invested 0.02% in East West Bancorp, Inc. (NASDAQ:EWBC). Zweig, Alabama-based fund reported 122,279 shares. Credit Suisse Ag has 163,283 shares for 0.01% of their portfolio. Pub Employees Retirement Association Of Colorado owns 312,816 shares. Voya Invest Mgmt Limited Liability Corporation stated it has 140,208 shares. The New York-based Evercore Wealth Mgmt has invested 1.49% in East West Bancorp, Inc. (NASDAQ:EWBC). Moreover, Community Service Gru Limited Liability has 2.89% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 120,790 shares. Natl Bank Of Mellon holds 1.97M shares or 0.03% of its portfolio. The Alabama-based Mesirow Financial Investment Mgmt has invested 0.09% in East West Bancorp, Inc. (NASDAQ:EWBC). 77,000 were reported by Cambiar Invsts Ltd Limited Liability Company. Cibc Asset Management Inc reported 0% stake. Paloma Mgmt Communications owns 5,009 shares or 0% of their US portfolio.

Since March 20, 2017, it had 0 insider purchases, and 5 selling transactions for $4.12 million activity. NG DOMINIC had sold 26,200 shares worth $1.34 million. On Wednesday, May 10 CAMPBELL MOLLY sold $32,999 worth of East West Bancorp, Inc. (NASDAQ:EWBC) or 590 shares. $66,257 worth of East West Bancorp, Inc. (NASDAQ:EWBC) was sold by LIU JACK C on Tuesday, June 13.

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 1.02M 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 rating was downgraded by Raymond James on Monday, October 5 to “Mkt Perform”. Keefe Bruyette & Woods downgraded the shares of EWBC in report on Thursday, April 28 to “Market Perform” rating. The rating was downgraded by Wood on Thursday, April 28 to “Market Perform”. The stock has “Hold” rating by Deutsche Bank on Friday, July 14. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Friday, June 23. Wells Fargo upgraded the stock to “Outperform” rating in Friday, October 23 report. As per Thursday, March 16, the company rating was downgraded by Raymond James. The rating was downgraded by BMO Capital Markets to “Market Perform” on Friday, July 7. The firm has “Hold” rating given on Monday, July 24 by Keefe Bruyette & Woods. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, February 24 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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