East West Bancorp, Inc (NASDAQ: EWBC) has a higher price-to-earnings ratio of 13.52x compared to its average ratio. EWBC has 36-month beta value of 1.26. 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 137.18M, and currently, short sellers hold a 3.65% ratio of that float. The average trading volume of EWBC on November 07, 2024 was 675.41K shares.
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EWBC) stock’s latest price update
East West Bancorp, Inc (NASDAQ: EWBC)’s stock price has surge by 9.64relation to previous closing price of 97.74. Nevertheless, the company has seen a 8.43% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-05 that East West Bancorp has shown solid performance with a 112.33% price return over 5 years, despite a banking crisis. I reiterate my hold rating, as the TBV is priced close to the 10-year average. Loan growth is sluggish, but EWBC is improving its securities portfolio and TBV per share, benefiting from lower deposit costs.
EWBC’s Market Performance
EWBC’s stock has risen by 8.43% in the past week, with a monthly rise of 28.92% and a quarterly rise of 36.49%. The volatility ratio for the week is 2.47% while the volatility levels for the last 30 days are 2.79% for East West Bancorp, Inc The simple moving average for the past 20 days is 13.45% for EWBC’s stock, with a 36.87% 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 23.68% 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 5.77% of gains for the given period.
Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares surge +25.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.71% upper at present.
During the last 5 trading sessions, EWBC rose by +8.43%, which changed the moving average for the period of 200-days by +45.44% in comparison to the 20-day moving average, which settled at $94.46. In addition, East West Bancorp, Inc saw 48.94% 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 Estrada Rudolph, who sale 469 shares at the price of $98.04 back on Nov 05 ’24. After this action, Estrada Rudolph now owns 17,750 shares of East West Bancorp, Inc, valued at $45,981 using the latest closing price.
CAMPBELL MOLLY, the Director of East West Bancorp, Inc, sale 1,500 shares at $98.65 during a trade that took place back on Oct 29 ’24, which means that CAMPBELL MOLLY is holding 10,639 shares at $147,975 based on the most recent closing price.
Stock Fundamentals for EWBC
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.28 for the gross margin
The net margin for East West Bancorp, Inc stands at 0.84. The total capital return value is set at 0.01. Equity return is now at value 15.59, with 1.56 for asset returns.
Based on East West Bancorp, Inc (EWBC), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 11.68. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 0.27.
Currently, EBITDA for the company is -103.31 million with net debt to EBITDA at -6.36. When we switch over and look at the enterprise to sales, we see a ratio of 7.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.19.
Conclusion
To put it simply, East West Bancorp, Inc (EWBC) has had a better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
