How Does Wall Street Rate Shares Of East West Bancorp Inc. (EWBC)?

East West Bancorp Inc. (NASDAQ:EWBC) saw an upside of 1.75% to close Friday at $78.90 after adding $1.36 on the day. The 5-day average trading volume is 652,060 shares of the company’s common stock. It has gained $79.78 in the past week and touched a new high 3 times within the past 5 days. An average of 660,190 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 633,554.

EWBC’s 1-month performance is 9.10% or $6.58 on its low of $67.18 reached on 09/20/21. The company’s shares have touched a 52-week low of $31.90 and high of $82.53, with the stock’s rally to the 52-week high happening on 03/18/21. YTD, EWBC has achieved 55.59% or $28.19 and has reached a new high 25 times. However, the current price is down -4.40%% from the 52-week high price.


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Insider Transactions

On Sep 20, 12 days have gone by since the last insider trading activity for East West Bancorp Inc. (EWBC). CAMPBELL MOLLY (Director) most recently sold 150 shares at $67.45 per share on Sep 20. This transaction cost the insider $10,118. Director, LIU JACK C, sold 1,470 shares at a price of $72.84 on Jul 29. Then, on May 18, Director CAMPBELL MOLLY sold 515 shares at a price of $77.56 per share. This transaction amounted to $39,943.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 20.40 and a low of 5.074. EWBC stock has a beta of 1.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.20 while the price-to-book (PB) in the most recent quarter is 2.02.

East West Bancorp Inc. pays an annual dividend of $1.32 per share. Its dividend yield is 1.67% and the payout ratio is 22.80%. EWBC’s most recent quarterly dividend payment was made on Aug. 16, when it paid $0.33 a share compared with prior rate of $0.33, down 0.0% from last year’s. The company has boosted its dividend for the last 12 consecutive years with the latest dividend increase of $0.0550 reported on Friday January 29 2021. Measured over the last 3 years, the Dividend has been growing by 37.50% yearly.

It is projected that East West Bancorp Inc.’s next ex-dividend date will be on 1-Nov. EWBC is expected to distribute $0.33 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.03, while the total debt to equity was 0.03 while for the period ending June 29; East West Bancorp Inc.’s operating margin was 91.70%. The firm’s gross profit as reported stood at $1.38 billion against revenue of $1.6 billion.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. East West Bancorp Inc.’s return on assets over the past 12 months stands at 1.40%. Return on investment over the past year is 21.90%, while its return on equity (ROE) trailing 12 months is 14.20%. In comparison, the average ROE for the broader industry over the past year is 9.30.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected EWBC to announce $1.39 per share in earnings in its latest quarter, but it posted $1.57, representing a 12.90% surprise. EWBC stock balance sheet for the quarter ending June 29 shows that, with total debt at $1.01 billion

Technical Picture

Let’s look briefly at East West Bancorp Inc. (EWBC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 66.19% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.52%.

The stock’s 5-day moving average is $78.59, reflecting a +4.92% or $3.70 change from its current price. EWBC is currently trading +7.68% above its 20-day SMA, +2.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +8.50% and +57.27% respectively.

Stochastic %K and %D was 90.36% and 91.79% and the average true range (ATR) pointed at 2.35. The RSI (14) points at 62.43%, while the 14-day stochastic is at 93.02% with the period’s ATR at 2.29. The stock’s 9-day MACD Oscillator is pointing at 2.91 and 4.28 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for East West Bancorp Inc. (NASDAQ: EWBC), Keefe Bruyette upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for EWBC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate EWBC as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 9 have offered a “buy” rating.

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