East West Bancorp Inc. (NASDAQ:EWBC) finished Friday with a subtraction of -$0.01 to close at $58.46, a downside of -0.02 percent. An average of 661,660 shares of common stock have been traded in the last five days. There was a fall of -$2.75 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,034,650 shares traded, while the 50-day average volume stands at 1,045,992.
EWBC stock has decreased by -0.27% in the last month. The company shares reached their 1-month lowest point of $56.40 on 07/17/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $33.86 and a high of $80.98 in 52 weeks. It has reached a new high 11 times so far this year and lost -11.29% or -$7.44 in price. In spite of this, the price is down -27.81% from the 52-week high.
Insider Transactions
EWBC stock investors should be aware that East West Bancorp Inc. (EWBC) stock had its last reported insider trading activity 193 days ago on May 11. In this transaction, the insider spent $154,000. Vice Chairman, KRAUSE DOUGLAS PAUL, disposed of 5,000 shares at a price of $72.43 on Nov 14. The insider now owns more than $362,150 worth of shares.
Valuation Metrics
East West Bancorp Inc. (EWBC) has a trailing price-to-earnings (P/E) ratio of 6.55. The stock’s beta is 1.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.62, the price-to-book (PB) ratio at 1.31, and the price-to-cash flow ratio at 4.61.
Financial Health
Further, the company has a long term debt to equity ratio of 0.02 and a total debt to equity ratio of 0.02 for the quarter ending June 29. Its gross profit as reported stood at $2.05 billion compared to revenue of $2.32 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 1.80%.
Earnings Surprise
For the three-month period that ended June 29, East West Bancorp Inc. had $152.95 million in total debt. The analyst consensus anticipated East West Bancorp Inc.’s latest quarter earnings to come in at $2.22 per share, but it turned out to be $2.2, a -0.90% surprise. At the end of the quarter ending June 29, East West Bancorp Inc.’s stock balance sheet showed total debt was $5.37 billion. Shareholders own equity worth $141.48 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 11 August was 43.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.25%.
As of today, EWBC’s price is $59.22 -4.49% or -$2.75 from its 5-day moving average. EWBC is currently trading +2.71% higher than its 20-day SMA and +6.64% higher than its 100-day SMA. However, the stock’s current price level is +22.17% above the SMA50 and -13.21% below the SMA200.
The stochastic %K and %D were 7.99% and 17.54%, respectively, and the average true range (ATR) was 1.77. With the 14-day stochastic at 12.53% and the average true range at 1.86, the RSI (14) stands at 49.56%. The stock has reached -1.43 on the 9-day MACD Oscillator while the 14-day reading was at -2.02.
Analyst Ratings
UBS launched coverage on East West Bancorp Inc. (NASDAQ: EWBC) in its analyst report released on March 15, 2023. The firm assigned the stock a Neutral rating. The consensus rating for East West Bancorp Inc. (EWBC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EWBC, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 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 $56.00 and $78.00, with a median target of $68.00. Taking a look at these predictions, the average price target given by analysts for East West Bancorp Inc. (EWBC) stock is $68.18.
