As of Wednesday close, East West Bancorp Inc.’s (NASDAQ:EWBC) stock was up $0.2, moving up 0.37 percent to $54.45. The average number of shares traded per day over the past five days has been 902,140 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.81 fall in that time frame. In the last twenty days, the average volume was 1,050,120, while in the previous 50 days, it was 1,046,296.
Since last month, EWBC stock retreated -10.12%. Shares of the company fell to $53.89 on 08/16/23, the lowest level in the past month. A 52-week high of $80.98 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 -17.37% or -$11.45, and marked a new high 11 times. However, the stock has declined by -32.76% since its 52-week high.
EWBC stock investors should be aware that East West Bancorp Inc. (EWBC) stock had its last reported insider trading activity 98 days ago on May 11. Alvarez Manuel Pham, the Director of the company, purchased of 1,250 shares for $43.60 on May 11. It resulted in a $54,505 investment by the insider. Kay Sabrina added 6,840 shares at an average price of $43.88 on May 09. The insider now owns 8,846 shares following the transaction. On May 09, Director Deskus Archana bought 500 shares at $44.00 apiece. The transaction was valued at $22,000.
Valuation Metrics
Right now, East West Bancorp Inc. (EWBC) has a P/E ratio of about 6.10. The stock’s beta is 1.45. Besides these, the trailing price-to-sales (P/S) ratio of 2.46, the price-to-book (PB) ratio of 1.19, and the price-to-cash flow ratio of 4.91 may also be considered.
The latest dividend of $0.48 per share was paid out, remained unchanged from last year’s $0.48. On Thursday January 26 2023, a $0.08 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.02, and the total debt-to-equity ratio was 0.02. In the year ended June 29, operating margins totaled 71.10%. 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 20.70%.
In East West Bancorp Inc.’s quarter-end financial report for June 29, it reported total debt of $152.95 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 $2.22 quarterly earnings, the actual figure was $2.2 per share, beating the consensus estimate by -0.90%. The value of shareholders’ equity is $141.48 million.
Technical Picture
This quick technical analysis looks at East West Bancorp Inc.’s (EWBC) price momentum. With a historical volatility rate of 27.14%, the RSI 9-day stood at 28.10% on 16 August.
With respect to its five-day moving average, the current East West Bancorp Inc. price is down by -6.54% percent or -$3.81. At present, EWBC shares trade -11.64% below its 20-day simple moving average and +1.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.72% above its SMA50 and -22.09% below its SMA200.
Stochastic coefficient K was 4.86% and Stochastic coefficient D was 6.80%, while ATR was 1.78. Given the Stochastic reading of 6.26% for the 14-day period, the RSI (14) reading has been calculated as 37.67%. As of today, the MACD Oscillator reading stands at -2.88, while the 14-day reading stands at -3.99.
Analyst Ratings
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 $68.00, the current consensus forecast for the stock is $56.00 – $78.00. Based on these forecasts, analysts predict East West Bancorp Inc. (EWBC) will achieve an average price target of $68.18.
