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Saturday, December 2, 2023

East West Bancorp, Inc. (EWBC): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for East West Bancorp, Inc. (EWBC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.07%, to $60.28. The East West Bancorp, Inc. has recorded 109,455 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that East West Bancorp Reports Net Income for Third Quarter of 2023 of $288 Million and Diluted Earnings Per Share of $2.02; Record Third Quarter Revenue and Net Interest Income.

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Stocks Info

This NASDAQ-listed company operates within the Banks – Diversified industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $60.24 and fluctuated between $61.26 as its day high and $58.12 as its day low. The current market capitalization of East West Bancorp, Inc. is $8.49B. A total of 1.47 million shares were traded on the day, compared to an average of 914.86K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, EWBC has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 2,411 shares. Over the last 12 months, there were 36 BUYs and 7 SELLs from insiders. Insiders purchased 385,567 shares during that period but sold 139,020.

In the most recent transaction, Estrada Rudolph sold 2,411 shares of EWBC for 55.96 per share on Aug 29. After the transaction, the Director now owns 18,548 company shares. In a previous transaction on May 11, Alvarez Manuel Pham bought 1,250 shares at 43.60 per share. EWBC shares that Director owns now total 4,445.

Among the insiders who bought shares, Kay Sabrina acquired of 6,840 shares on May 09 at a per-share price of $43.88. This resulted in the Director holding 8,846 shares of EWBC after the transaction. In another insider transaction, Deskus Archana bought 500 shares at $44.00 per share on May 09. Company shares held by the Director now total 9,193.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. East West Bancorp, Inc. pays an annual dividend of $1.92, resulting in a dividend yield of 3.19%, and it has a price to earnings (P/E) ratio of 6.80. EWBC’s most recent ex-dividend date was 10/31/2023 when it declared a $0.48 quarterly dividend that was paid in cash on 11/15/2023. Previously, the company paid the dividend on 8/15/2023 with an ex-dividend date of 7/31/2023. The EWBC stock dividend was $0.48 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for EWBC in the last 3 months, the mean price target is $68.00 with high estimates of $76.00 and low estimates of $60.00. In terms of 52-week highs and lows, EWBC has a high of $80.98 and a low of $33.86.

As of this writing, EWBC has an earnings estimate of $1.98 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $2.1 per share and a lower estimate of $1.9. The company reported an EPS of $2.2 in the last quarter, which was -0.90% lower than expectations of $2.22.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $46.62, while its Total Shareholder’s Equity was $5.84B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EWBC is Buy with a score of 4.55.

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