Analysts See $1.15 EPS for East West Bancorp, Inc. (EWBC)

September 16, 2018 - By Victoria Pittman

East West Bancorp, Inc. (NASDAQ:EWBC) LogoInvestors sentiment increased to 1.12 in Q2 2018. Its up 0.11, from 1.01 in 2018Q1. It increased, as 24 investors sold East West Bancorp, Inc. shares while 132 reduced holdings. 50 funds opened positions while 125 raised stakes. 121.55 million shares or 1.09% less from 122.89 million shares in 2018Q1 were reported.
Prudential Public Limited Com, a Illinois-based fund reported 5,000 shares. Veritable Limited Partnership holds 0.01% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC) for 5,922 shares. Meiji Yasuda Life Insur Communications has 7,000 shares. Jacobs Levy Equity Management holds 0.13% or 126,076 shares. D E Shaw holds 0.01% or 130,342 shares in its portfolio. The Minnesota-based Us Bancorp De has invested 0% in East West Bancorp, Inc. (NASDAQ:EWBC). State Common Retirement Fund reported 330,777 shares stake. Ferguson Wellman Capital Management Incorporated has 0.82% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 361,857 shares. Hightower Advsr Ltd Liability holds 8,619 shares or 0% of its portfolio. Telemus Cap Limited Company, a Michigan-based fund reported 68,573 shares. 64,219 were accumulated by Pillar Pacific Capital Mngmt Lc. Clarivest Asset Mngmt Lc accumulated 20,600 shares. Panagora Asset reported 0.08% in East West Bancorp, Inc. (NASDAQ:EWBC). Westover Capital Advisors Ltd Liability invested in 8,419 shares or 0.3% of the stock. Amalgamated Financial Bank reported 0.05% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC).

Since March 15, 2018, it had 0 buys, and 31 selling transactions for $10.66 million activity. The insider CAMPBELL MOLLY sold 415 shares worth $27,971. On Wednesday, June 6 the insider Oh Irene H sold $364,948. KRAUSE DOUGLAS PAUL had sold 5,000 shares worth $348,262 on Thursday, May 31. LIU JACK C sold $70,928 worth of stock.

Analysts expect East West Bancorp, Inc. (NASDAQ:EWBC) to report $1.15 EPS on October, 18.They anticipate $0.26 EPS change or 29.21 % from last quarter’s $0.89 EPS. EWBC’s profit would be $166.66M giving it 13.62 P/E if the $1.15 EPS is correct. After having $1.18 EPS previously, East West Bancorp, Inc.’s analysts see -2.54 % EPS growth. The stock increased 1.61% or $0.99 during the last trading session, reaching $62.67. About 884,688 shares traded or 29.53% up from the average. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 9.58% since September 16, 2017 and is uptrending. It has underperformed by 6.04% the S&P500.

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

Among 9 analysts covering East West Bancorp (NASDAQ:EWBC), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. East West Bancorp had 11 analyst reports since March 22, 2018 according to SRatingsIntel. Morgan Stanley maintained it with “Equal-Weight” rating and $75 target in Tuesday, July 24 report. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, April 19. The firm has “Neutral” rating by DA Davidson given on Tuesday, April 24. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Buy” rating given on Thursday, April 19 by Piper Jaffray. The company was maintained on Friday, July 20 by Barclays Capital. The firm earned “Buy” rating on Thursday, March 29 by Sandler O’Neill. The firm earned “Hold” rating on Friday, May 4 by Deutsche Bank. Wood upgraded the stock to “Outperform” rating in Friday, July 20 report. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Buy” rating by Sandler O’Neill on Thursday, April 19. The rating was maintained by Morgan Stanley on Tuesday, April 24 with “Equal-Weight”.

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 $9.08 billion. The firm operates through three divisions: Retail Banking, Commercial Banking, and Other. It has a 15.87 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.

East West Bancorp, Inc. (NASDAQ:EWBC) Institutional Positions Chart

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