East West Bancorp (NASDAQ:EWBC) released its quarterly earnings results on Thursday, October 18th. The financial services provider reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.03, MarketWatch Earnings reports. The business had revenue of $395.22 million for the quarter, compared to the consensus estimate of $398.25 million. East West Bancorp had a net margin of 34.80% and a return on equity of 15.70%. During the same period in the prior year, the company posted $0.91 earnings per share.
EWBC traded down $0.89 during midday trading on Friday, hitting $54.00. The stock had a trading volume of 747,766 shares, compared to its average volume of 1,166,539. The firm has a market cap of $7.94 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.13 and a beta of 1.37. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01. East West Bancorp has a 1 year low of $50.34 and a 1 year high of $73.98.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Wednesday, October 31st. East West Bancorp’s payout ratio is 26.59%.
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About East West Bancorp
East West Bancorp, Inc operates as the bank holding company 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 in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other.
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