East West Bancorp Inc. (NASDAQ:EWBC) shares traded lower over the last trading session, losing -0.12% on 05/19/21. The shares fell to a low of $74.30 before closing at $76.49. Intraday shares traded counted 0.63 million, which was 26.03% higher than its 30-day average trading volume of 852.96K. EWBC’s previous close was $76.58 while the outstanding shares total 141.65M. The firm has a beta of 1.86, a 12-month trailing P/E ratio of 17.35, and a growth ratio of 2.17. The stock’s Relative Strength Index (RSI) is 50.88, with weekly volatility at 2.93% and ATR at 2.45. The EWBC stock’s 52-week price range has touched low of $30.49 and a $82.53 high.
Investors have identified the Banks – Diversified company East West Bancorp Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $10.67 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
East West Bancorp Inc. (EWBC) Fundamentals that are to be considered.
EWBC were able to record 369.95 million as free cash flow during the 07/22/2021 quarter of the year, this saw their quarterly net cash flow reduce by 601.16 million. In cash movements, the company had a total of 371.51 million as operating cash flow.
Potential earnings growth for East West Bancorp Inc. (EWBC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/22/2021 quarter of the year, East West Bancorp Inc. recorded a total of 381.39 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -17.78% coming in sequential stages and their sales for the 07/22/2021 quarter increasing by 0.01%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 27.69 million trying to sell their products during the last quarter, with the result yielding a gross income of 353.69 million. This allows shareholders to hold on to 141.65M with the recently reported earning now reading 1.45 cents per share. This is a figure that compared to analyst’s prediction for their 07/22/2021 (1.44 cents a share).
Having a look at the company’s valuation, the company is expected to record 5.56 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on EWBC sounds very interesting.
Is the stock of EWBC attractive?
In related news, Director, CAMPBELL MOLLY sold 515 shares of the company’s stock in a transaction that recorded on May 18. The sale was performed at an average price of 77.56, for a total value of 39,943. As the sale deal closes, the Director, Estrada Rudolph now sold 946 shares of the company’s stock, valued at 74,147. Also, Director, CAMPBELL MOLLY sold 700 shares of the company’s stock in a deal that was recorded on May 05. The shares were price at an average price of 78.02 per share, with a total market value of 54,614. Following this completion of acquisition, the Director, Chan Iris S now holds 1,516 shares of the company’s stock, valued at 118,096. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.70%.
7 out of 11 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on East West Bancorp Inc.. 0 analysts has assigned a Sell rating on the EWBC stock. The 12-month mean consensus price target for the company’s shares has been set at $86.82.