East West Bancorp, Inc. (NASDAQ: EWBC) is -0.54% lower on its value in year-to-date trading and has touched a low of $41.12 and a high of $79.54 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EWBC stock was last observed hovering at around $71.35 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $71.56, the stock is -5.38% and -3.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing 0.29% at the moment leaves the stock 12.24% off its SMA200. EWBC registered 33.18% gain for a year compared to 6-month gain of 38.66%.
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The stock witnessed a -4.23% loss in the last 1 month and extending the period to 3 months gives it a 3.77%, and is -2.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.06% over the week and 1.97% over the month.
East West Bancorp, Inc. (EWBC) has around 3206 employees, a market worth around $10.02B and $3.92B in sales. Current P/E ratio is 8.74 and Fwd P/E is 8.67. Profit margin for the company is 29.65%. Distance from 52-week low is 74.03% and -10.03% from its 52-week high. The company has generated returns on investments over the last 12 months (16.11%).
The EPS is expected to shrink by -3.51% this year
The shares outstanding are 140.03M, and float is at 138.63M with Short Float at 4.35%.
East West Bancorp, Inc. (EWBC) Insider Activity
The most recent transaction is an insider sale by CAMPBELL MOLLY, the company’s Director. SEC filings show that CAMPBELL MOLLY sold 1,625 shares of the company’s common stock on Mar 07 ’24 at a price of $77.26 per share for a total of $0.13 million. Following the sale, the insider now owns 10321.0 shares.
East West Bancorp, Inc. disclosed in a document filed with the SEC on Feb 29 ’24 that LIU JACK C (Director) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $73.58 per share for $0.15 million. Following the transaction, the insider now directly holds 16739.0 shares of the EWBC stock.
Still, SEC filings show that on Dec 13 ’23, LIU JACK C (Director) disposed off 1,000 shares at an average price of $68.90 for $68900.0. The insider now directly holds 18,739 shares of East West Bancorp, Inc. (EWBC).
