East West Bancorp, Inc. (NASDAQ:EWBC – Get Free Report)’s share price hit a new 52-week high on Thursday . The company traded as high as $136.35 and last traded at $135.4840, with a volume of 25432 shares changing hands. The stock had previously closed at $135.05.
Key Headlines Impacting East West Bancorp
Here are the key news stories impacting East West Bancorp this week:
- Positive Sentiment: Zacks Research raised multiple EPS estimates for EWBC. The firm increased its FY2026 forecast to $10.57 from $10.40, FY2027 to $11.14 from $10.58, and FY2028 to $11.93 from $11.79. Estimates for several upcoming quarters were also lifted, suggesting expectations for stronger profitability and supporting investor sentiment.
- Positive Sentiment: Wells Fargo maintained a Buy rating on East West Bancorp. The continued endorsement from a major brokerage reinforces the constructive Wall Street view. Analysts overall rate EWBC a “Moderate Buy,” with an average price target of $141.77. Wells Fargo remains a Buy on East West Bancorp
- Positive Sentiment: Recent operating results remain supportive. East West Bancorp’s latest quarter produced $2.63 in EPS, narrowly above the $2.61 consensus, while revenue rose 12.5% year over year to $789.98 million. The company also declared a quarterly dividend of $0.80, equivalent to a $3.20 annualized payout and an approximately 2.4% yield.
- Neutral Sentiment: Reported short interest was zero shares. The lack of reported short positions indicates limited measurable short-selling pressure, but it offers little additional insight into near-term trading direction.
- Negative Sentiment: Director Jack Liu sold 1,000 shares for approximately $135,020 at an average price of $135.02, reducing his position by 6.8%. He still owns 13,709 shares, making the transaction relatively small; nevertheless, insider selling can modestly weigh on sentiment. East West Bancorp director share sale
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Citigroup reaffirmed a “buy” rating on shares of East West Bancorp in a research report on Thursday, July 23rd. Barclays increased their price target on East West Bancorp from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Wall Street Zen upgraded East West Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $150.00 price objective on shares of East West Bancorp in a report on Wednesday, July 22nd. Finally, Piper Sandler upped their price objective on East West Bancorp from $111.00 to $123.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $141.77.
East West Bancorp Stock Performance
The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The company has a market cap of $18.59 billion, a PE ratio of 13.07, a P/E/G ratio of 1.54 and a beta of 0.94. The business’s fifty day moving average is $130.65 and its 200-day moving average is $121.05.
East West Bancorp (NASDAQ:EWBC – Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $0.02. East West Bancorp had a net margin of 30.45% and a return on equity of 16.07%. The company had revenue of $789.98 million during the quarter, compared to analyst estimates of $784.47 million. During the same period in the previous year, the business posted $2.24 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, research analysts predict that East West Bancorp, Inc. will post 10.59 EPS for the current fiscal year.
East West Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.4%. East West Bancorp’s payout ratio is presently 30.77%.
Insider Activity
In related news, insider Irene H. Oh sold 800 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $133.19, for a total value of $106,552.00. Following the transaction, the insider directly owned 84,698 shares of the company’s stock, valued at approximately $11,280,926.62. This trade represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack C. Liu sold 1,000 shares of East West Bancorp stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $135.02, for a total value of $135,020.00. Following the transaction, the director owned 13,709 shares in the company, valued at $1,850,989.18. This trade represents a 6.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,511 shares of company stock valued at $4,312,741 in the last 90 days. Company insiders own 0.94% of the company’s stock.
Institutional Trading of East West Bancorp
A number of hedge funds and other institutional investors have recently bought and sold shares of EWBC. BlackRock Inc. purchased a new position in shares of East West Bancorp during the 2nd quarter valued at about $1,744,958,000. Northwestern Mutual Wealth Management Co. increased its holdings in East West Bancorp by 84,090.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,311,566 shares of the financial services provider’s stock worth $596,967,000 after acquiring an additional 5,305,257 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in East West Bancorp by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,981,065 shares of the financial services provider’s stock worth $559,822,000 after acquiring an additional 106,998 shares in the last quarter. First Trust Advisors LP raised its stake in East West Bancorp by 7.1% during the 4th quarter. First Trust Advisors LP now owns 4,620,772 shares of the financial services provider’s stock worth $519,329,000 after acquiring an additional 306,916 shares during the period. Finally, Boston Partners raised its stake in East West Bancorp by 19.6% during the 3rd quarter. Boston Partners now owns 3,874,737 shares of the financial services provider’s stock worth $412,464,000 after acquiring an additional 633,649 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.
East West Bancorp Company Profile
East West Bancorp, Inc is a bank holding company and the parent of East West Bank, one of the largest independent banks headquartered in Southern California. As a full-service commercial bank, it provides a broad range of financial products and services to business and individual customers, including commercial and residential real estate lending, working capital lines of credit, trade finance, and deposit and treasury management services. The company caters to both large and middle-market businesses, leveraging its expertise to serve clients engaged in cross-border trade and investment between the United States and Greater China.
Founded in Los Angeles in the early 1970s, East West Bank has grown steadily through organic expansion and strategic branch openings.
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