From what 13 stock analysts predict, the share price for East West Bancorp Inc (EWBC) might increase by 2.99% in the next year. This is based on a 12-month average estimation for EWBC. Price targets go from $95 to $110. The majority of stock analysts believe EWBC is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
EWBC is a stock in Financial Services which has been forecasted to be worth $104.93 as an average. On the higher end, the forecast price is $110 USD by David Chiaverini from Wedbush and on the lower end EWBC is forecasted to be $95 by Jared Shaw from Wells Fargo.
These are the latest 20 analyst ratings of EWBC.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Andrew Terrell Stephens & Co. | Overweight | $104 | Maintains | Oct 24, 2024 |
Dave Rochester Compass Point | Buy | $110 | Maintains | Oct 24, 2024 |
Timur Braziler Wells Fargo | Overweight | $105 | Maintains | Oct 23, 2024 |
Jared Shaw Barclays | Overweight | $110 | Maintains | Oct 23, 2024 |
Ben Gerlinger Citigroup | Buy | $109 | Maintains | Oct 23, 2024 |
David Chiaverini Wedbush | Outperform | $110 | Maintains | Oct 23, 2024 |
Brandon King Truist Securities | Buy | $101 | Maintains | Oct 23, 2024 |
Gary Tenner DA Davidson | Buy | $107 | Maintains | Oct 23, 2024 |
Matthew Clark Piper Sandler | Neutral | $95 | Maintains | Oct 23, 2024 |
Timur Braziler Wells Fargo | Overweight | $97 | Maintains | Oct 1, 2024 |
Manan Gosalia Morgan Stanley | Overweight | $106 | Maintains | Sep 30, 2024 |
Jared Shaw Barclays | Overweight | $108 | Maintains | Sep 27, 2024 |
Brandon King Truist Securities | Buy | $93 | Maintains | Sep 20, 2024 |
Manan Gosalia Morgan Stanley | Overweight | $103 | Maintains | Aug 5, 2024 |
Brandon King Truist Securities | Buy | $96 | Maintains | Jul 25, 2024 |
Andrew Terrell Stephens & Co. | Overweight | $95 | Maintains | Jul 24, 2024 |
David Chiaverini Wedbush | Outperform | $100 | Maintains | Jul 24, 2024 |
Gary Tenner DA Davidson | Buy | $100 | Maintains | Jul 24, 2024 |
Matthew Clark Piper Sandler | Neutral | $92 | Maintains | Jul 24, 2024 |
Timur Braziler Wells Fargo | Overweight | $95 | Maintains | Jul 24, 2024 |
When did it IPO
1999
Staff Count
3,200
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Dominic Ng
Market Cap
$14.12B
In 2023, EWBC generated $2.56B in revenue, which was a increase of 10.58% from the previous year. This can be seen as a signal that EWBC's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - East West Bancorp reports a 112.33% price return over 5 years. Loan growth is slow, but improvements in securities and lower deposit costs are noted. Hold rating reiterated.
Why It Matters - East West Bancorp's strong 5-year return highlights resilience amid challenges. Steady TBV and improved securities position suggest stability, but sluggish loan growth may limit future upside.
Summary - EWBC's Q3 2024 results surpassed estimates due to increased net interest income, reduced expenses, higher fee income, and growth in loans and deposits.
Why It Matters - EWBC's strong Q3 performance, with higher net interest income, reduced expenses, and increased loans and deposits, signals financial health and growth potential, likely boosting investor confidence.
Summary - As of Oct. 24, 2024, three financial sector stocks are signaling potential caution for momentum-focused investors.
Why It Matters - Momentum signals in financial stocks may indicate potential declines, prompting investors to reassess risk and strategy in their portfolios.
Summary - East West Bancorp will hold its Q3 2024 earnings conference call on October 22, 2024, at 5:00 PM ET, featuring key company executives and analysts from various financial institutions.
Why It Matters - The earnings call will provide insights into East West Bancorp's financial performance, growth prospects, and risk management strategies, influencing investor sentiment and stock valuation.
Summary - East West Bancorp reported Q3 2024 net income of $299 million ($2.14/share), with ROAA at 1.62% and ROE at 16.0%. Book value per share increased 6% QoQ and 19% YoY.
Why It Matters - Strong Q3 2024 results with significant net income and robust returns indicate financial health, potentially boosting investor confidence and share price. High growth in book value suggests solid performance.
Summary - East West Bancorp (EWBC) reported its quarterly performance for September 2024, with key metrics available for comparison against Wall Street estimates and previous year's figures.
Why It Matters - Comparing East West Bancorp's performance metrics against Wall Street estimates and prior year values helps assess growth potential and operational efficiency, impacting investment decisions.