East West Bancorp Inc. (EWBC) is ready for next Episode as it posted an annual sales of 1,905 M

January 24, 2023, East West Bancorp Inc. (NASDAQ: EWBC) trading session started at the price of $69.90, that was -2.01% drop from the session before. During the day, the shares moved up to $69.90 and dropped to $68.17 before settling in for the closing price of $69.76. A 52-week range for EWBC has been $61.65 – $93.51.

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Annual sales at Financial sector company grew by 7.30% over the past five years. When this article was written, the company’s average yearly earnings per share was at 53.60%. With a float of $139.79 million, this company’s outstanding shares have now reached $140.92 million.

Let’s look at the performance matrix of the company that is accounted for 3100 employees.

East West Bancorp Inc. (EWBC) Insider Updates

Also, it is sometimes useful to examine the sentiment of large-scale investors toward East West Bancorp Inc. stocks. The insider ownership of East West Bancorp Inc. is 0.10%, while institutional ownership is 91.10%. The most recent insider transaction that took place on Nov 14, was worth 362,150. In this transaction Vice Chairman of this company sold 5,000 shares at a rate of $72.43, taking the stock ownership to the 52,435 shares. Before that another transaction happened on Feb 10, when Company’s Director sold 1,600 for $91.51, making the entire transaction worth $146,416. This insider now owns 17,130 shares in total.

East West Bancorp Inc. (EWBC) Performance Highlights and Predictions

Going through the last 3-months fiscal report unveiled on the 9/29/2022, it has been observed that the corporation posted $2.08 earnings per share (EPS) during the time that was less than consensus figure (set at $2.1) by -$0.02. This company achieved a net margin of +47.56 while generating a return on equity of 15.72. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.14 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 53.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to 15.40% growth over the previous five years of trading.

East West Bancorp Inc. (NASDAQ: EWBC) Trading Performance Indicators

You can see what East West Bancorp Inc. (EWBC) is doing with its current performance indicators. In the most recent quarter, the stock posted a price to sales ratio for the trailing twelve months stands at 4.72.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.07, a number that is poised to hit 2.24 in the next quarter and is forecasted to reach 8.77 in one year’s time.

Technical Analysis of East West Bancorp Inc. (EWBC)

East West Bancorp Inc. (NASDAQ: EWBC) saw its 5-day average volume 0.83 million, a positive change from its year-to-date volume of 0.82 million. As of the previous 9 days, the stock’s Stochastic %D was 75.36%. Additionally, its Average True Range was 1.79.

During the past 100 days, East West Bancorp Inc.’s (EWBC) raw stochastic average was set at 41.39%, which indicates a significant decrease from 67.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.06% in the past 14 days, which was lower than the 40.20% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $67.28, while its 200-day Moving Average is $70.10. Nevertheless, the first resistance level for the watch stands at $69.45 in the near term. At $70.54, the stock is likely to face the second major resistance level. The third major resistance level sits at $71.18. If the price goes on to break the first support level at $67.72, it is likely to go to the next support level at $67.08. Assuming the price breaks the second support level, the third support level stands at $65.99.

East West Bancorp Inc. (NASDAQ: EWBC) Key Stats

There are 140,947K outstanding shares of the company, which has a market capitalization of 9.35 billion. As of now, sales total 1,905 M while income totals 872,980 K. Its latest quarter income was 703,790 K while its last quarter net income were 295,340 K.


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