East West Bancorp, Inc. (NASDAQ: EWBC) on Friday, plunged -1.33% from the previous trading day, before settling in for the closing price of $93.07. Within the past 52 weeks, EWBC’s price has moved between $51.14 and $93.30.
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Annual sales at Financial sector company grew by 19.13% over the past five years. The company achieved an average annual earnings per share of -0.10%. With a float of $137.17 million, this company’s outstanding shares have now reached $140.03 million.
Let’s look at the performance matrix of the company that is accounted for 3206 employees. In terms of profitability, gross margin is 88.87%, operating margin of 35.69%, and the pretax margin is 33.14%.
East West Bancorp, Inc. (EWBC) Insider Updates
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of East West Bancorp, Inc. is 1.03%, while institutional ownership is 91.15%. The most recent insider transaction that took place on Aug 23 ’24, was worth 167,000. In this transaction Director of this company sold 2,000 shares at a rate of $83.50, taking the stock ownership to the 16,557 shares. Before that another transaction happened on Aug 09 ’24, when Company’s Officer proposed sale 2,000 for $78.35, making the entire transaction worth $156,700.
East West Bancorp, Inc. (EWBC) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -0.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.00% 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
East West Bancorp, Inc. (EWBC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.99. Likewise, its price to free cash flow for the trailing twelve months is 8.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.81, a number that is poised to hit 2.06 in the next quarter and is forecasted to reach 8.37 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 0.77 million, a negative change from its year-to-date volume of 0.92 million. As of the previous 9 days, the stock’s Stochastic %D was 91.47%. Additionally, its Average True Range was 2.14.
During the past 100 days, East West Bancorp, Inc.’s (EWBC) raw stochastic average was set at 94.00%, which indicates a significant increase from 89.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.15% in the past 14 days, which was lower than the 28.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $82.37, while its 200-day Moving Average is $76.66. Nevertheless, the first resistance level for the watch stands at $92.72 in the near term. At $93.62, the stock is likely to face the second major resistance level. The third major resistance level sits at $94.16. If the price goes on to break the first support level at $91.28, it is likely to go to the next support level at $90.74. Assuming the price breaks the second support level, the third support level stands at $89.84.
East West Bancorp, Inc. (NASDAQ: EWBC) Key Stats
Market capitalization of the company is 12.73 billion based on 139,143K outstanding shares. Right now, sales total 3,989 M and income totals 1,161 M. The company made 1,119 M in profit during its latest quarter, and 288,230 K in sales during its previous quarter.
