The stock of East West Bancorp, Inc (EWBC) has seen a 3.15% increase in the past week, with a 11.71% gain in the past month, and a 26.14% flourish in the past quarter. The volatility ratio for the week is 2.20%, and the volatility levels for the past 30 days are at 2.72% for EWBC. The simple moving average for the past 20 days is 5.00% for EWBC’s stock, with a 33.45% simple moving average for the past 200 days.
Is It Worth Investing in East West Bancorp, Inc (NASDAQ: EWBC) Right Now?
East West Bancorp, Inc (NASDAQ: EWBC) has a higher price-to-earnings ratio of 13.48x compared to its average ratio, The 36-month beta value for EWBC is at 1.27. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for EWBC is 137.22M, and currently, shorts hold a 3.26% of that float. The average trading volume for EWBC on November 22, 2024 was 772.67K shares.
EWBC) stock’s latest price update
The stock of East West Bancorp, Inc (NASDAQ: EWBC) has increased by 1.26 when compared to last closing price of 105.50.Despite this, the company has seen a gain of 3.15% in its stock price over the last five trading days. 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.
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 16.38% 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 -0.79% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares surge +9.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.82% upper at present.
During the last 5 trading sessions, EWBC rose by +3.15%, which changed the moving average for the period of 200-days by +54.38% in comparison to the 20-day moving average, which settled at $101.74. In addition, East West Bancorp, Inc saw 48.48% 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 12,000 shares at the price of $106.61 back on Nov 12 ’24. After this action, KRAUSE DOUGLAS PAUL now owns 45,403 shares of East West Bancorp, Inc, valued at $1,279,380 using the latest closing price.
KRAUSE DOUGLAS PAUL, the Officer of East West Bancorp, Inc, proposed sale 12,000 shares at $105.98 during a trade that took place back on Nov 11 ’24, which means that KRAUSE DOUGLAS PAUL is holding shares at $1,271,760 based on the most recent closing price.
Stock Fundamentals for EWBC
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 0.76 for the gross margin
The net margin for East West Bancorp, Inc stands at 0.28. The total capital return value is set at 0.03. 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 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 1.04.
Currently, EBITDA for the company is 1.62 billion with net debt to EBITDA at -1.07. When we switch over and look at the enterprise to sales, we see a ratio of 3.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.20.
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.
