East West Bancorp, Inc. (NASDAQ: EWBC) has a higher price-to-earnings ratio of 10.91x compared to its average ratio, The 36-month beta value for EWBC is at 1.32. 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 137.69M, and currently, shorts hold a 2.96% of that float. The average trading volume for EWBC on July 24, 2024 was 822.56K shares.
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EWBC) stock’s latest price update
East West Bancorp, Inc. (NASDAQ: EWBC) has seen a rise in its stock price by 3.50 in relation to its previous close of 83.73. However, the company has experienced a 6.74% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-23 that While the top- and bottom-line numbers for East West Bancorp (EWBC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
EWBC’s Market Performance
East West Bancorp, Inc. (EWBC) has experienced a 6.74% rise in stock performance for the past week, with a 18.97% rise in the past month, and a 15.09% rise in the past quarter. The volatility ratio for the week is 3.34%, and the volatility levels for the past 30 days are at 2.46% for EWBC. The simple moving average for the past 20 days is 14.70% for EWBC’s stock, with a 23.77% 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 16.65% 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 able to rebound, for now settling with 3.46% of gains for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares surge +21.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.81% upper at present.
During the last 5 trading sessions, EWBC rose by +7.27%, which changed the moving average for the period of 200-days by +70.26% in comparison to the 20-day moving average, which settled at $76.32. In addition, East West Bancorp, Inc. saw 20.44% 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 KRAUSE DOUGLAS PAUL, who sale 8,000 shares at the price of $73.76 back on May 28 ’24. After this action, KRAUSE DOUGLAS PAUL now owns 57,403 shares of East West Bancorp, Inc., valued at $590,050 using the latest closing price.
Oh Irene H, the Chief Risk Officer of East West Bancorp, Inc., sale 10,000 shares at $77.58 during a trade that took place back on May 07 ’24, which means that Oh Irene H is holding 127,193 shares at $775,800 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 16.09, with 1.56 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 0.41. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 1.49.
Currently, EBITDA for the company is -103.31 million with net debt to EBITDA at -0.57. When we switch over and look at the enterprise to sales, we see a ratio of 2.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.17.
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.
