East West Bancorp, Inc. (EWBC) Shares Down Despite Recent Market Volatility

East West Bancorp, Inc. (NASDAQ: EWBC)’s stock price has dropped by -0.43 in relation to previous closing price of 76.10. Nevertheless, the company has seen a loss of -0.73% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-19 that East West Bancorp (EWBC) remains well-poised for growth amid decent loan demand, high rates and continued client acquisition efforts. However, elevated expenses and poor asset quality are worrisome.

Is It Worth Investing in East West Bancorp, Inc. (NASDAQ: EWBC) Right Now?

East West Bancorp, Inc. (NASDAQ: EWBC) has a higher price-to-earnings ratio of 9.26x compared to its average ratio, The 36-month beta value for EWBC is at 1.39. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”

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The public float for EWBC is 138.64M, and currently, shorts hold a 3.73% of that float. The average trading volume for EWBC on April 04, 2024 was 1.30M shares.

EWBC’s Market Performance

EWBC stock saw an increase of -0.73% in the past week, with a monthly gain of 3.48% and a quarterly increase of 3.95%. The volatility ratio for the week is 2.02%, and the volatility levels for the last 30 days are 2.34% for East West Bancorp, Inc. (EWBC). The simple moving average for the last 20 days is -1.02% for EWBC’s stock, with a simple moving average of 20.98% for the last 200 days.

Analysts’ Opinion of EWBC

Many brokerage firms have already submitted their reports for EWBC stocks, with Barclays repeating the rating for EWBC by listing it as a “Overweight.” The predicted price for EWBC in the upcoming period, according to Barclays is $106 based on the research report published on March 08, 2024 of the current year 2024.

Stephens, on the other hand, stated in their research note that they expect to see EWBC reach a price target of $79. The rating they have provided for EWBC stocks is “Overweight” according to the report published on December 08th, 2023.

Morgan Stanley gave a rating of “Overweight” to EWBC, setting the target price at $76 in the report published on December 04th of the previous year.

EWBC Trading at 2.63% from the 50-Day Moving Average

After a stumble in the market that brought EWBC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.74% of loss for the given period.

Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares sank -1.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.91% upper at present.

During the last 5 trading sessions, EWBC fell by -0.73%, which changed the moving average for the period of 200-days by +38.98% in comparison to the 20-day moving average, which settled at $76.51. In addition, East West Bancorp, Inc. saw 5.31% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at EWBC starting from CAMPBELL MOLLY, who sale 1,625 shares at the price of $77.26 back on Mar 07 ’24. After this action, CAMPBELL MOLLY now owns 10,321 shares of East West Bancorp, Inc., valued at $125,548 using the latest closing price.

LIU JACK C, the Director of East West Bancorp, Inc., sale 2,000 shares at $73.58 during a trade that took place back on Feb 29 ’24, which means that LIU JACK C is holding 16,739 shares at $147,160 based on the most recent closing price.

Stock Fundamentals for EWBC

Current profitability levels for the company are sitting at:

  • 0.43 for the present operating margin
  • 1.0 for the gross margin

The net margin for East West Bancorp, Inc. stands at 0.3. The total capital return value is set at 0.05. Equity return is now at value 17.95, with 1.74 for asset returns.

Based on East West Bancorp, Inc. (EWBC), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 1.64.

Currently, EBITDA for the company is -103.31 million with net debt to EBITDA at 0.08. When we switch over and look at the enterprise to sales, we see a ratio of 2.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.10.

Conclusion

In conclusion, East West Bancorp, Inc. (EWBC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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