East West Bancorp, Inc. (NASDAQ: EWBC) has a higher price-to-earnings ratio of 8.77x compared to its average ratio. EWBC has 36-month beta value of 1.39. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for EWBC is 138.63M, and currently, short sellers hold a 4.35% ratio of that float. The average trading volume of EWBC on April 19, 2024 was 1.22M shares.
EWBC) stock’s latest price update
The stock price of East West Bancorp, Inc. (NASDAQ: EWBC) has jumped by 0.34 compared to previous close of 71.56. Despite this, the company has seen a fall of -2.80% in its stock price over the last five trading days. InvestorPlace reported 2024-04-15 that When it comes to Nasdaq stocks with strong buy ratings, mega-cap tech stocks may be what may first come to mind. To some extent, this is a correct assumption.
EWBC’s Market Performance
EWBC’s stock has fallen by -2.80% in the past week, with a monthly drop of -3.90% and a quarterly rise of 3.55%. The volatility ratio for the week is 2.02% while the volatility levels for the last 30 days are 1.99% for East West Bancorp, Inc.. The simple moving average for the past 20 days is -4.87% for EWBC’s stock, with a 12.45% simple moving average for the past 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 -3.02% 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 -9.73% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares sank -5.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.67% upper at present.
During the last 5 trading sessions, EWBC fell by -2.80%, which changed the moving average for the period of 200-days by +34.43% in comparison to the 20-day moving average, which settled at $75.27. In addition, East West Bancorp, Inc. saw -0.21% in overturn over a single year, with a tendency to cut further losses.
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 2.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.10.
Conclusion
To put it simply, East West Bancorp, Inc. (EWBC) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
