On Tuesday, East West Bancorp, Inc. (NASDAQ: EWBC) was -0.25% drop from the session before ,before settling in for the closing price of $76.44. A 52-week range for EWBC has been $41.12 – $79.54.
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Financial Sector giant saw their annual sales surged by 19.13% over the last five years. When this article was written, the company’s average yearly earnings per share was at -3.40%. With a float of $138.64 million, this company’s outstanding shares have now reached $140.03 million.
The firm has a total of 3206 workers. Let’s measure their productivity.
East West Bancorp, Inc. (EWBC) Insider Activity
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 0.99%, while institutional ownership is 90.10%. The most recent insider transaction that took place on Mar 07 ’24, was worth 125,548. In this transaction Director of this company sold 1,625 shares at a rate of $77.26, taking the stock ownership to the 10,321 shares. Before that another transaction happened on Feb 29 ’24, when Company’s Director sold 2,000 for $73.58, making the entire transaction worth $147,160. This insider now owns 16,739 shares in total.
East West Bancorp, Inc. (EWBC) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 12/30/2023, it has been observed that the corporation posted $2.04 earnings per share (EPS) during the time that was better than consensus figure (set at $1.89) by $0.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.97 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.40% 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 11.19% 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 addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.73. Likewise, its price to free cash flow for the trailing twelve months is 7.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.19, a number that is poised to hit 1.97 in the next quarter and is forecasted to reach 8.28 in one year’s time.
Technical Analysis of East West Bancorp, Inc. (EWBC)
Analysing the last 5-days average volume posted by the [East West Bancorp, Inc., EWBC], we can find that recorded value of 0.88 million was lower than the volume posted last year of 1.26 million. As of the previous 9 days, the stock’s Stochastic %D was 25.23%. Additionally, its Average True Range was 1.66.
During the past 100 days, East West Bancorp, Inc.’s (EWBC) raw stochastic average was set at 84.64%, which indicates a significant increase from 38.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.16% in the past 14 days, which was lower than the 28.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $73.98, while its 200-day Moving Average is $63.21. Now, the first resistance to watch is $76.92. This is followed by the second major resistance level at $77.60. The third major resistance level sits at $78.15. If the price goes on to break the first support level at $75.69, it is likely to go to the next support level at $75.14. Should the price break the second support level, the third support level stands at $74.46.
East West Bancorp, Inc. (NASDAQ: EWBC) Key Stats
There are 140,030K outstanding shares of the company, which has a market capitalization of 10.68 billion. As of now, sales total 3,989 M while income totals 1,161 M. Its latest quarter income was 1,070 M while its last quarter net income were 238,950 K.
