East West Bancorp, Inc (NASDAQ: EWBC) is 31.86% higher on its value in year-to-date trading and has touched a low of $67.27 and a high of $113.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EWBC stock was last observed hovering at around $95.10 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $94.87, the stock is -9.60% and -5.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing -0.24% at the moment leaves the stock 14.09% off its SMA200. EWBC registered 31.07% gain for a year compared to 6-month gain of 32.41%. The firm has a 50-day simple moving average (SMA 50) of $100.5726 and a 200-day simple moving average (SMA200) of $83.15395.
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The stock witnessed a -8.98% loss in the last 1 month and extending the period to 3 months gives it a 14.90%, and is -7.99% 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 3.02% over the week and 2.51% over the month.
East West Bancorp, Inc (EWBC) has around 3206 employees, a market worth around $13.15B and $4.40B in sales. Current P/E ratio is 11.97 and Fwd P/E is 10.93. Profit margin for the company is 25.28%. Distance from 52-week low is 41.03% and -16.74% from its 52-week high. The company has generated returns on investments over the last 12 months (9.84%).
The EPS is expected to grow by 1.92% this year
636.0 institutions hold shares in East West Bancorp, Inc (EWBC), with institutional investors hold 93.68% of the company’s shares. The shares outstanding are 138.61M, and float is at 137.22M with Short Float at 2.93%. Institutions hold 92.74% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.18 million shares valued at $1.04 billion. The investor’s holdings represent 10.1724 of the EWBC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 12.7 million shares valued at $930.1 million to account for 9.1106 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 9.66 million shares representing 6.9296 and valued at over $707.22 million, while FMR LLC holds 5.5565 of the shares totaling 7.75 million with a market value of $567.26 million.
East West Bancorp, Inc (EWBC) Insider Activity
The most recent transaction is an insider sale by KRAUSE DOUGLAS PAUL, the company’s Vice Chairman. SEC filings show that KRAUSE DOUGLAS PAUL sold 12,000 shares of the company’s common stock on Nov 12 ’24 at a price of $106.61 per share for a total of $1.28 million. Following the sale, the insider now owns 45403.0 shares.
Still, SEC filings show that on Nov 06 ’24, SUSSMAN LESTER (Director) disposed off 1,000 shares at an average price of $105.94 for $0.11 million. The insider now directly holds 23,573 shares of East West Bancorp, Inc (EWBC).
