East West Bancorp, Inc. (NASDAQ: EWBC) has a higher price-to-earnings ratio of 9.20x compared to its average ratio, The 36-month beta value for EWBC is at 1.38. 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.”
The public float for EWBC is 138.63M, and currently, shorts hold a 4.35% of that float. The average trading volume for EWBC on April 24, 2024 was 1.21M shares.
EWBC) stock’s latest price update
The stock price of East West Bancorp, Inc. (NASDAQ: EWBC) has surged by 1.11 when compared to previous closing price of 74.47, but the company has seen a 5.54% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-23 that East West Bancorp, Inc. (NASDAQ:EWBC ) Q1 2024 Earnings Conference Call April 23, 2024 5:00 PM ET Company Participants Adrienne Atkinson – Director of IR Dominic Ng – Chairman and CEO Christopher Del Moral-Niles – CFO Irene Oh – CRO Conference Call Participants Jared Shaw – Barclays Casey Haire – Jefferies Dave Rochester – Compass Point Ben Gerlinger – Citi Manan Gosalia – Morgan Stanley Brandon King – Truist Ebrahim Poonawala – Bank of America Chris McGratty – KBW Samuel Varga – UBS Operator Good day. Welcome to the East West Bancorp’s First Quarter 2024 Earnings Call.
EWBC’s Market Performance
East West Bancorp, Inc. (EWBC) has experienced a 5.54% rise in stock performance for the past week, with a -0.79% drop in the past month, and a 2.20% rise in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are at 1.99% for EWBC. The simple moving average for the last 20 days is 0.44% for EWBC stock, with a simple moving average of 17.38% 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 1.39% 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 -5.33% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares sank -2.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.49% upper at present.
During the last 5 trading sessions, EWBC rose by +5.54%, which changed the moving average for the period of 200-days by +38.22% in comparison to the 20-day moving average, which settled at $74.89. In addition, East West Bancorp, Inc. saw 4.66% 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:
- 0.53 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 0.06. 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 2.04.
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 2.72. 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.
