The Price Target For East West Bancorp Inc. (EWBC)?

East West Bancorp Inc. (NASDAQ:EWBC) finished Friday with a subtraction of -$0.7 to close at $84.64, a downside of -0.82 percent. An average of 670,620 shares of common stock have been traded in the last five days. There was a gain of $1.84 in the past week, and it reached a new high 44 times over the past 12 months. The last 20 days have seen an average of 621,635 shares traded, while the 50-day average volume stands at 636,222.

EWBC stock has increased by 14.52% in the last month. The company shares reached their 1-month lowest point of $70.82 on 09/23/21. With the stock rallying to its 52-week high on 10/21/21, shares of the company touched a low of $34.13 and a high of $87.77 in 52 weeks. It has reached a new high 30 times so far this year and achieved 66.91% or $33.93 in price. In spite of this, the price is down -3.57% from the 52-week high.

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Insider Transactions

33 days have passed since East West Bancorp Inc. (EWBC) last reported insider trading activity. CAMPBELL MOLLY, who is Director, most recently acquired $150 shares at $67.45 per share on Sep 20. In this transaction, the insider spent $10,118. Director, LIU JACK C, disposed of 1,470 shares at a price of $72.84 on Jul 29. The insider now owns more than $107,075 worth of shares. Prior to that, Director CAMPBELL MOLLY went on to Sale 515 shares at $77.56 each on May 18. An amount of $39,943 was transacted.

Valuation Metrics

East West Bancorp Inc. (EWBC) has a trailing price-to-earnings (P/E) ratio of 16.03, which compares with the 16.80 for the broader industry and 13.15 for the sector. In the last five years, East West Bancorp Inc.’s PE ratio has ranged between 20.40 and 5.074. The stock’s beta is 1.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.79, the price-to-book (PB) ratio at 2.16.

East West Bancorp Inc. pays a $1.32 dividend per share annually. It offers a dividend yield of 1.56%. The company has a payout ratio of 22.80%. The company’s most recent quarterly dividend payment was $0.33 a share, without any change from last year. Its dividend has been increased for the last 1 year with the latest increase dividend $0.0550 reported on Friday January 29 2021.Dividends have grown by 37.50% each year over the last three years.

Further, the company has a long term debt to equity ratio of 0.03 and a total debt to equity ratio of 0.03 for the quarter ending June 29. Its gross profit as reported stood at $1.38 billion compared to revenue of $1.6 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, East West Bancorp Inc.’s return on assets was 1.40%. For the broader industry, ROE averaged 11.10 over the past year.

Earnings Surprise

For the three-month period that ended June 29, East West Bancorp Inc. had $152.0 million in total debt. The analyst consensus anticipated East West Bancorp Inc.’s latest quarter earnings to come in at $1.39 per share, but it turned out to be $1.57, a 12.90% surprise. At the end of the quarter ending June 29, East West Bancorp Inc.’s stock balance sheet showed total debt was $1.01 billion. Shareholders own equity worth $141.88 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at East West Bancorp Inc. (EWBC) price momentum. RSI 9-day as of the close on 22 October was 70.90%, suggesting the stock is Overbought, with historical volatility in this time frame at 13.08%.

As of today, EWBC’s price is $84.83 +2.22% or $1.84 from its 5-day moving average. EWBC is currently trading +12.55% higher than its 20-day SMA and +13.50% higher than its 100-day SMA. However, the stock’s current price level is +10.35% above the SMA50 and +47.33% above the SMA200.

The stochastic %K and %D were 84.19% and 90.85%, respectively, and the average true range (ATR) was 2.15. With the 14-day stochastic at 73.36% and the average true range at 2.15, the RSI (14) stands at 68.53%. The stock has reached 1.92 on the 9-day MACD Oscillator while the 14-day reading was at 3.17.

Analyst Ratings

Wells Fargo upgraded East West Bancorp Inc. (NASDAQ: EWBC) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight. The consensus rating for East West Bancorp Inc. (EWBC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EWBC, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.

What is EWBC’s price target for the next 12 months?

Analysts predict a range of price targets between $82.00 and $110.00, with a median target of $96.00. Taking a look at these predictions, the average price target given by analysts for East West Bancorp Inc. (EWBC) stock is $96.82.


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