East West Bancorp Inc. (NASDAQ:EWBC) changes shares on Friday trading session, with a change of 2.84% or $1.01 shares. The trading starts at $37.47 and closed at $35.51 throughout the day. The trading session low price was $34.96 and day high was $37.51 on Friday, June 12. After the session, the Financial sector daily volume shifted to 1.33 million while its average volume is 1.79M. In other hand, the EWBC market cap reached to $5.02B. While, its current target price is $36.52 according to WSJ.
Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -10.58% and up 16.42% for month. Its quarterly performance was 14.27% above, while its half year performance is down -20.63%. EWBC yearly performance stood at negative -16.54% and fall -25.01% for year-to-date. Current recommendation for East West Bancorp Inc. is 2.40.
Earnings per share or EPS is an important financial measure, which defines the profitability of a company. EWBC EPS (TTM) for 12-month is 4.49. EPS for this year is -4.40%, while for the next year its value is 3.54. Sales growth for the current quarter is 1.02 while its EPS Q/Q reached -11.30%. It has an EPS of 13.90% up for past five years and for the next five years will be up 8.00%.
Let’s take a look on the analyst recommendations on EWBC for the current month and previous month. For the current month, 4 of 10 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 6 as Hold. As compared with the previous month ratings, 10 analysts participate in stock recommendation. Out of 10, 0 rated it sell, 5 rated it as Buy and 5 as Hold Ratings. On the other hand, target price ranges from $30.00-$49.00. Average target price for EWBC was reached at $37.10.
Blackrock Inc., Vanguard Group, Inc. (The) and Aristotle Capital Management, LLC are the top three holders in East West Bancorp Inc. (EWBC) stock. On Mar 30, 2020, Blackrock Inc. has 15.24 million shares which valued 392.23 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 13.92 million shares which valued at 358.29 million. On Mar 30, 2020, Aristotle Capital Management, LLC has a total of 8.83 million shares which valued at 227.32 million. In the end, Aristotle Capital Management, LLC have 6.24% shares outstanding of East West Bancorp Inc. (EWBC) on Mar 30, 2020. The insider ownership moved to 0.60% and institutional holding shifted to 91.30%.
The company posted an EPS (TTM) of 4.49. According to the most recent quarter report on (Jun 2020), 10 analysts estimated an average EPS of 0.78, while 1.03 EPS posted a year ago period. Analyst Estimated EPS for EWBC published in the report was 0.49-1.16 during the same period. Comparing with last year, the average estimated EPS was 1.03 which is higher than 1 which was posted for recent quarter EPS.
A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for EWBC fall -10.26% for period of 200 days. SMA for 50 days was 12.23% which is showing green signal, while SMA-20 was 0.23%. The moving average value for East West Bancorp Inc. (EWBC) is 39.19 and 35.34 for 200 and 50 days respectively.
Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in EWBC stock. On Mar 25, LI HERMAN Y, Director, sold 10,172 trading shares at the cost of $30.06, which valued at 0.31 million. On Mar 20, LI HERMAN Y, Director, sold 3,300 shares at the cost of $31.03, with total shares of 35,961. On Jan 27, Estrada Rudolph, Director, sold 2,626 shares at the cost of 47.61. After this transaction, Estrada Rudolph total shares reached to 15,977 which valued at 0.13 million.