On Tuesday, East West Bancorp, Inc. (NASDAQ: EWBC) opened higher 1.11% from the last session, before settling in for the closing price of $74.47. Price fluctuations for EWBC have ranged from $41.12 to $79.54 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 19.13% annually for the last half of the decade. Company’s average yearly earnings per share was noted -3.51% at the time writing. With a float of $138.63 million, this company’s outstanding shares have now reached $140.03 million.
In an organization with 3206 employees, it is important to assess its efficiency.
East West Bancorp, Inc. (EWBC) Insider Updates
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of East West Bancorp, Inc. is 1.00%, while institutional ownership is 90.25%. 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) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted 2.27 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 2.2) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.98 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.51% 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
Check out the current performance indicators for East West Bancorp, Inc. (EWBC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.69. Likewise, its price to free cash flow for the trailing twelve months is 7.28.
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 8.26 in one year’s time.
Technical Analysis of East West Bancorp, Inc. (EWBC)
Let’s dig in a bit further. During the last 5-days, its volume was 1.08 million. That was inferior than the volume of 1.21 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 70.62%. Additionally, its Average True Range was 1.70.
During the past 100 days, East West Bancorp, Inc.’s (EWBC) raw stochastic average was set at 76.94%, which indicates a significant increase from 70.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.37% in the past 14 days, which was lower than the 28.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $74.38, while its 200-day Moving Average is $64.26. However, in the short run, East West Bancorp, Inc.’s stock first resistance to watch stands at $76.14. Second resistance stands at $76.98. The third major resistance level sits at $78.25. If the price goes on to break the first support level at $74.03, it is likely to go to the next support level at $72.76. Assuming the price breaks the second support level, the third support level stands at $71.92.
East West Bancorp, Inc. (NASDAQ: EWBC) Key Stats
There are currently 139,120K shares outstanding in the company with a market cap of 10.54 billion. Presently, the company’s annual sales total 3,989 M according to its annual income of 1,161 M. Last quarter, the company’s sales amounted to 1,070 M and its income totaled 238,950 K.
