East West Bancorp, Inc. (NASDAQ:EWBC) Announces Quarterly Dividend of $0.80

East West Bancorp, Inc. (NASDAQ:EWBC) declared a quarterly dividend on Tuesday, July 21st. Stockholders of record on Monday, August 3rd will be paid a dividend of 0.80 per share by the financial services provider on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, August 3rd.

East West Bancorp has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 8 consecutive years. East West Bancorp has a payout ratio of 33.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect East West Bancorp to earn $11.18 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 28.6%.

East West Bancorp Price Performance

East West Bancorp stock traded down $1.71 during trading on Wednesday, reaching $131.69. The company had a trading volume of 790,959 shares, compared to its average volume of 1,046,388. The firm has a market capitalization of $18.04 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94. The firm’s 50-day simple moving average is $127.49 and its 200 day simple moving average is $119.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 0.88. East West Bancorp has a 1-year low of $92.67 and a 1-year high of $136.24.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly earnings data 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 29.59% and a return on equity of 16.00%. The business had revenue of $791.14 million for the quarter, compared to the consensus estimate of $784.47 million. During the same period last year, the firm posted $2.24 earnings per share. As a group, equities research analysts anticipate that East West Bancorp will post 10.56 earnings per share for the current fiscal year.

East West Bancorp News Summary

Here are the key news stories impacting East West Bancorp this week:

• Positive Sentiment: East West Bancorp beat Q2 earnings and revenue estimates, with EPS of $2.63 and revenue of $791.1 million, helped by higher net interest income and fee income year over year. The company also said loans and deposits reached new records, reinforcing a solid operating trend. Article Title
• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and raised its price target to $150, signaling confidence that EWBC still has room to run after the earnings report. Article Title
• Neutral Sentiment: Stephens also lifted its price target to $135 but kept an Equal Weight rating, suggesting the results were solid but not enough to turn broadly bullish. Article Title
• Neutral Sentiment: Morgan Stanley reiterated a Hold rating, pointing to healthy deposit and net-interest-income trends but noting valuation concerns, which may temper further upside. Article Title

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.