East West Bancorp, Inc. (NASDAQ:EWBC) Shareholders to Receive $0.80 Quarterly Dividend

East West Bancorp, Inc. (NASDAQ:EWBC) declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.80 per share by the financial services provider on Tuesday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 2nd.

East West Bancorp has increased its dividend payment by an average of 0.2% per year 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. Analysts expect East West Bancorp to earn $11.41 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 28.0%.

East West Bancorp Price Performance

EWBC stock traded up $3.19 during mid-day trading on Wednesday, reaching $131.46. 623,620 shares of the company traded hands, compared to its average volume of 954,864. The company has a fifty day moving average price of $128.31 and a 200-day moving average price of $126.64. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $18.01 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.37 and a beta of 0.98. East West Bancorp has a 52-week low of $98.08 and a 52-week high of $137.47.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.04. The firm had revenue of $822.72 million during the quarter, compared to the consensus estimate of $811.07 million. East West Bancorp had a return on equity of 16.07% and a net margin of 30.45%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $2.65 EPS. As a group, analysts anticipate that East West Bancorp will post 10.64 earnings per share for the current year.

East West Bancorp News Roundup

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

• Positive Sentiment: Record quarterly results beat expectations. EWBC reported third-quarter earnings of $2.76 per diluted share, above the $2.72 consensus estimate, while revenue reached a record $822.7 million versus expectations of $811.1 million. Net income rose to a record $382 million, and revenue increased 5.8% year over year. East West Bancorp quarterly earnings report
• Positive Sentiment: Management raised its outlook for net interest income. Full-year net interest income guidance was increased to 9%–10%, signaling stronger anticipated lending and spread income. Net interest income rose 5% sequentially to $719 million. East West Bancorp key earnings takeaways
• Positive Sentiment: Deposits and loans continued to expand. Net deposits grew by more than $1.4 billion during the quarter, with total loans reaching $59.7 billion and deposits reaching $71.5 billion at September 30. Total assets increased 8% from a year earlier. East West Bancorp deposit growth update
• Positive Sentiment: The quarterly dividend was maintained at $0.80 per share. The dividend implies an annualized payout of $3.20 and a yield of approximately 2.4%, with payment scheduled for November 17 to shareholders of record on November 2. East West Bancorp third-quarter press release
• Negative Sentiment: Reported insider selling may temper investor enthusiasm. Recent disclosures showed multiple insiders selling shares during the past six months, with no reported open-market purchases. Such activity is not necessarily a fundamental negative, but it can raise caution about insider sentiment.

About East West Bancorp

East West Bancorp, Inc is the parent company of East West Bank, a full-service commercial bank headquartered in Pasadena, California. The bank serves businesses, professionals, consumers and institutions through a range of deposit, lending and financial services.

Its products and services include commercial and industrial loans, commercial real estate financing, residential and consumer lending, checking and savings accounts, treasury management, international banking, wealth management and foreign-exchange services.