East West Bancorp, Inc. (NASDAQ: EWBC) has experienced a decline in its stock price by -0.17 compared to its previous closing price of 77.44. However, the company has seen a gain of 2.76% in its stock price over the last five trading days. Business Wire reported 2024-05-03 that PASADENA, Calif.–(BUSINESS WIRE)–East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), announced plans to host conference calls to review financial results on the following dates: Financial Period Earnings Release Date Conference Call Time Second Quarter 2024 Tuesday, July 23, 2024 2 p.m. PT/5 p.m. ET Third Quarter 2024 Tuesday, October 22, 2024 2 p.m. PT/5 p.m. ET The financial results are scheduled to be released after the market closes on the dates noted above. The live au.
Is It Worth Investing in East West Bancorp, Inc. (NASDAQ: EWBC) Right Now?
The price-to-earnings ratio for East West Bancorp, Inc. (NASDAQ: EWBC) is above average at 9.73x. The 36-month beta value for EWBC is also noteworthy at 1.34. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for EWBC is 138.59M, and at present, short sellers hold a 4.53% of that float. The average trading volume of EWBC on May 10, 2024 was 1.11M shares.
EWBC’s Market Performance
EWBC stock saw an increase of 2.76% in the past week, with a monthly gain of 4.90% and a quarterly increase of 11.77%. The volatility ratio for the week is 1.19%, and the volatility levels for the last 30 days are 1.94% for East West Bancorp, Inc. (EWBC). The simple moving average for the last 20 days is 3.31% for EWBC’s stock, with a simple moving average of 18.49% 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 2.52% 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 -2.80% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 1.19%, as shares surge +4.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.18% upper at present.
During the last 5 trading sessions, EWBC rose by +2.76%, which changed the moving average for the period of 200-days by +32.20% in comparison to the 20-day moving average, which settled at $75.00. In addition, East West Bancorp, Inc. saw 7.45% 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 Oh Irene H, who sale 10,000 shares at the price of $77.58 back on May 07 ’24. After this action, Oh Irene H now owns 127,193 shares of East West Bancorp, Inc., valued at $775,800 using the latest closing price.
CAMPBELL MOLLY, the Director of East West Bancorp, Inc., sale 1,625 shares at $77.26 during a trade that took place back on Mar 07 ’24, which means that CAMPBELL MOLLY is holding 10,321 shares at $125,548 based on the most recent closing price.
Stock Fundamentals for EWBC
Current profitability levels for the company are sitting at:
- 0.45 for the present operating margin
- 0.88 for the gross margin
The net margin for East West Bancorp, Inc. stands at 0.27. The total capital return value is set at 0.04. Equity return is now at value 16.86, with 1.63 for asset returns.
Based on East West Bancorp, Inc. (EWBC), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 2.36.
Currently, EBITDA for the company is -103.31 million with net debt to EBITDA at -0.54. When we switch over and look at the enterprise to sales, we see a ratio of 2.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.17.
Conclusion
In summary, East West Bancorp, Inc. (EWBC) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
