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

September 17, 2017 - By reb123z

 $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.
Moreover, Rafferty Asset Management Lc has 0.02% invested in East West Bancorp, Inc. (NASDAQ:EWBC). Edge Asset Mgmt Inc holds 0.47% or 1.19M shares. First Quadrant L P Ca reported 173,258 shares. Cetera Advsr Lc holds 0.05% or 12,246 shares. Renaissance Technologies Limited Co reported 74,133 shares. Blackrock Fund has invested 0.05% in East West Bancorp, Inc. (NASDAQ:EWBC). Whittier Trust holds 0.19% or 89,970 shares. Cadence Cap Mgmt owns 5,365 shares. Parametric Portfolio Assocs Ltd Limited Liability Company has 134,875 shares. Teacher Retirement Systems Of Texas has invested 0% in East West Bancorp, Inc. (NASDAQ:EWBC). Texas Permanent School Fund holds 0.07% or 105,143 shares in its portfolio. Smith Asset Mgmt Grp Incorporated Ltd Partnership reported 0% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Quantum Capital Mngmt, a California-based fund reported 8,205 shares. Kcg Hldg reported 0.01% in East West Bancorp, Inc. (NASDAQ:EWBC). Incorporated holds 278,206 shares or 0.05% of its portfolio.

Since March 20, 2017, it had 0 insider purchases, and 5 insider sales for $4.12 million activity. 26,200 shares were sold by NG DOMINIC, worth $1.34M on Monday, April 10. On Wednesday, May 10 CAMPBELL MOLLY sold $32,999 worth of East West Bancorp, Inc. (NASDAQ:EWBC) or 590 shares. Another trade for 1,123 shares valued at $66,257 was sold by LIU JACK C.

Investors wait East West Bancorp, Inc. (NASDAQ:EWBC) to report on October, 18. its quarterly earnings Wall Street analysts expect $0.87 earnings per share, up $0.11 or 14.47 % from last year’s $0.76 same quarter earnings. This translates into $125.75 million profit for EWBC giving the stock a 16.08 P/E. This is assuming the current $0.87 EPS is accurate. East West Bancorp, Inc.’s Wall Street analysts see 7.41 % EPS growth, taking into account the $0.81 EPS reproted in the previous quarter, 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 stock of East West Bancorp, Inc. (NASDAQ:EWBC) earned “Hold” rating by Keefe Bruyette & Woods on Monday, July 24. Keefe Bruyette & Woods downgraded East West Bancorp, Inc. (NASDAQ:EWBC) rating on Thursday, April 28. Keefe Bruyette & Woods has “Market Perform” rating and $41 target. The firm earned “Underperform” rating on Thursday, March 16 by Raymond James. The stock has “Market Perform” rating by BMO Capital Markets on Friday, July 7. As per Thursday, April 28, the company rating was downgraded by Wood. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, June 23 report. Wells Fargo upgraded East West Bancorp, Inc. (NASDAQ:EWBC) on Friday, October 23 to “Outperform” rating. Raymond James downgraded the shares of EWBC in report on Monday, October 5 to “Mkt Perform” rating. The firm has “Hold” rating by Deutsche Bank given on Friday, July 14. As per Wednesday, February 24, the company rating was maintained by Deutsche Bank.

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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