News stories about East West Bancorp (NASDAQ:EWBC) have been trending positive this week, according to Alpha One Sentiment Analysis. Alpha One, a subsidiary of Accern, rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. East West Bancorp earned a coverage optimism score of 0.26 on Alpha One’s scale. Alpha One also gave news headlines about the financial services provider an impact score of 58 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Alpha One Sentiment Analysis’s rankings:
- East West Bancorp, Inc. breached its 50 day moving average in a Bullish Manner : EWBC-US : April 21, 2017 (finance.yahoo.com)
- Stocks With Rising Composite Ratings: East West Bancorp (finance.yahoo.com)
- East West Bancorp, Inc. 2017 Q1 – Results – Earnings Call Slides (seekingalpha.com)
- East West Bancorp, Inc. (EWBC) Upgraded at Zacks Investment Research (americanbankingnews.com)
- BRIEF-East west Bancorp Q1 earnings per share $1.16 (EWBC) (markets.businessinsider.com)
East West Bancorp (NASDAQ:EWBC) traded up 1.18% on Friday, reaching $54.09. 2,426,303 shares of the company’s stock were exchanged. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 18.21 and a beta of 1.29. The stock’s 50 day moving average price is $52.40 and its 200 day moving average price is $48.69. East West Bancorp has a 1-year low of $31.34 and a 1-year high of $56.97.
East West Bancorp (NASDAQ:EWBC) last released its earnings results on Wednesday, April 19th. The financial services provider reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.14. The firm had revenue of $388.15 million for the quarter, compared to analysts’ expectations of $314.52 million. East West Bancorp had a net margin of 32.69% and a return on equity of 13.09%. During the same quarter last year, the company earned $0.71 EPS. On average, analysts expect that East West Bancorp will post $3.24 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $0.80 annualized dividend and a yield of 1.48%. East West Bancorp’s payout ratio is 26.94%.
A number of research analysts have commented on EWBC shares. BMO Capital Markets restated a “buy” rating and issued a $62.00 price objective on shares of East West Bancorp in a research note on Friday, January 27th. Citigroup Inc lowered shares of East West Bancorp to an “underperform” rating in a research note on Thursday, March 16th. They noted that the move was a valuation call. Raymond James Financial, Inc. restated an “underperform” rating on shares of East West Bancorp in a research note on Thursday, March 16th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $56.00 price objective on shares of East West Bancorp in a research note on Wednesday, April 5th. Finally, Zacks Investment Research lowered shares of East West Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, April 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $56.50.
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In other East West Bancorp news, CEO Dominic Ng sold 26,200 shares of the firm’s stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $51.00, for a total transaction of $1,336,200.00. Following the transaction, the chief executive officer now owns 596,157 shares of the company’s stock, valued at approximately $30,404,007. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Herman Y. Li sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $55.50, for a total transaction of $177,600.00. Following the transaction, the director now directly owns 52,000 shares in the company, valued at approximately $2,886,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,884 shares of company stock worth $6,534,281. 0.88% of the stock is owned by corporate insiders.
East West Bancorp Company Profile
East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.
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