East West Bancorp, Inc (NASDAQ: EWBC) kicked off on Friday, up 3.04% from the previous trading day, before settling in for the closing price of $106.83. Over the past 52 weeks, EWBC has traded in a range of $60.34-$108.50.
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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. While this was happening, its average annual earnings per share was recorded 2.07%. With a float of $137.22 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. In terms of profitability, gross margin is 55.09%, operating margin of 9.18%, and the pretax margin is 32.89%.
East West Bancorp, Inc (EWBC) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Banks – Regional Industry. The insider ownership of East West Bancorp, Inc is 1.01%, while institutional ownership is 91.16%. The most recent insider transaction that took place on Nov 12 ’24, was worth 1,279,380. In this transaction Vice Chairman of this company sold 12,000 shares at a rate of $106.61, taking the stock ownership to the 45,403 shares. Before that another transaction happened on Nov 11 ’24, when Company’s Officer proposed sale 12,000 for $105.98, making the entire transaction worth $1,271,760.
East West Bancorp, Inc (EWBC) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 2.02 earnings per share (EPS), higher than consensus estimate (set at 1.95) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.07% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.06% 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
Take a look at East West Bancorp, Inc’s (EWBC) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.58. Likewise, its price to free cash flow for the trailing twelve months is 10.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.93, a number that is poised to hit 2.12 in the next quarter and is forecasted to reach 8.64 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 0.75 million. That was inferior than the volume of 0.93 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 79.22%. Additionally, its Average True Range was 3.03.
During the past 100 days, East West Bancorp, Inc’s (EWBC) raw stochastic average was set at 99.43%, which indicates a significant increase from 98.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.40% in the past 14 days, which was higher than the 34.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $92.40, while its 200-day Moving Average is $80.26. However, in the short run, East West Bancorp, Inc’s stock first resistance to watch stands at $111.35. Second resistance stands at $112.62. The third major resistance level sits at $114.93. If the price goes on to break the first support level at $107.77, it is likely to go to the next support level at $105.46. Assuming the price breaks the second support level, the third support level stands at $104.19.
East West Bancorp, Inc (NASDAQ: EWBC) Key Stats
The company with the Market Capitalisation of 15.72 billion has total of 138,629K Shares Outstanding. Its annual sales at the moment are 3,989 M in contrast with the sum of 1,161 M annual income. Company’s last quarter sales were recorded 1,161 M and last quarter income was 299,170 K.
