As of Friday close, East West Bancorp Inc.’s (NASDAQ:EWBC) stock was down -$3.77, moving down -6.46 percent to $54.62. The average number of shares traded per day over the past five days has been 5,831,080 shares. 2 times new highs have been achieved over the past 5 days, with a -$8.09 fall in that time frame. In the last twenty days, the average volume was 2,185,965, while in the previous 50 days, it was 1,389,128.
Since last month, EWBC stock retreated -30.40%. Shares of the company fell to $33.86 on 03/13/23, the lowest level in the past month. A 52-week high of $85.32 was reached on 02/02/23 after having rallying from a 52-week low of $33.86. Since the beginning of this year, EWBC’s stock price has dropped by -17.12% or -$11.28, and marked a new high 11 times. However, the stock has declined by -35.98% since its 52-week high.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
EWBC stock investors should be aware that East West Bancorp Inc. (EWBC) stock had its last reported insider trading activity 5 days ago on Mar 13. Oh Irene H, the Chief Financial Officer of the company, purchased of 10,000 shares for $49.51 on Mar 13. It resulted in a $495,130 investment by the insider. LIU JACK C sold 2,000 shares at an average price of $77.00 on Jan 31. The insider now owns 17,136 shares following the transaction. On Nov 14, Vice Chairman KRAUSE DOUGLAS PAUL sold 5,000 shares at $72.43 apiece. The transaction was valued at $362,150.
Right now, East West Bancorp Inc. (EWBC) has a P/E ratio of about 6.89. The stock’s beta is 1.45. Besides these, the trailing price-to-sales (P/S) ratio of 3.53, the price-to-book (PB) ratio of 1.29.
The latest dividend of $0.48 per share was paid out, which is 20.0% more than last year’s $0.40. On Thursday January 26 2023, a $0.08 dividend increase was announced.
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.03, and the total debt-to-equity ratio was 0.03. In the year ended December 30, operating margins totaled 85.00%. Based on annual data, EWBC earned $2.05 billion in gross profit and brought in $2.32 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 27.50%. Return on equity (ROE) for the past 12 months was 19.70%.
In East West Bancorp Inc.’s quarter-end financial report for December 30, it reported total debt of $152.4 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected East West Bancorp Inc. to report $2.24 quarterly earnings, the actual figure was $2.37 per share, beating the consensus estimate by 5.80%. The value of shareholders’ equity is $141.0 million.
This quick technical analysis looks at East West Bancorp Inc.’s (EWBC) price momentum. With a historical volatility rate of 119.19%, the RSI 9-day stood at 25.57% on 17 March.
With respect to its five-day moving average, the current East West Bancorp Inc. price is down by -12.90% percent or -$8.09. At present, EWBC shares trade -29.79% below its 20-day simple moving average and -18.11% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.93% below its SMA50 and -25.73% below its SMA200.
Stochastic coefficient K was 51.87% and Stochastic coefficient D was 51.55%, while ATR was 5.87. Given the Stochastic reading of 47.57% for the 14-day period, the RSI (14) reading has been calculated as 27.48%. As of today, the MACD Oscillator reading stands at -4.99, while the 14-day reading stands at -9.88.
UBS launched its rating on East West Bancorp Inc. (NASDAQ: EWBC) to a Neutral in a note to investors on March 15, 2023. East West Bancorp Inc. (EWBC) has been rated Overweight by analysts. According to 0 brokerage firms, EWBC is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate East West Bancorp Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $85.00, the current consensus forecast for the stock is $63.00 – $93.00. Based on these forecasts, analysts predict East West Bancorp Inc. (EWBC) will achieve an average price target of $82.36.