East West Bancorp, Inc. [EWBC] stock prices are up 1.22% to $82.98 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EWBC shares have gain 2.62% over the last week, with a monthly amount drifted -5.97%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
East West Bancorp, Inc. [NASDAQ: EWBC] stock has seen the most recent analyst activity on March 08, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $106. Previously, Stephens started tracking the stock with Overweight rating on December 08, 2023, and set its price target to $79. On December 04, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $76 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $75 on December 01, 2023. Wedbush upgraded its rating to a Outperform and raised its price target to $69 on November 03, 2023. UBS upgraded its rating to Buy for this stock on October 30, 2023, and upped its price target to $61. In a note dated October 03, 2023, Janney initiated an Buy rating and provided a target price of $68 on this stock.
The stock price of East West Bancorp, Inc. [EWBC] has been fluctuating between $49.59 and $89.75 over the past year. Currently, Wall Street analysts expect the stock to reach $84.4 within the next 12 months. East West Bancorp, Inc. [NASDAQ: EWBC] shares were valued at $82.98 at the most recent close of the market. An investor can expect a potential return of 1.71% based on the average EWBC price forecast.
Analyzing the EWBC fundamentals
The East West Bancorp, Inc. [NASDAQ:EWBC] reported sales of 4.26B for trailing twelve months, representing a surge of 14.78%. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.16 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 81.97 points at the first support level, and at 80.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.79, and for the 2nd resistance point, it is at 84.60.
Ratios To Look Out For
It’s worth pointing out that East West Bancorp, Inc. [NASDAQ:EWBC]’s Current Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 2.70, the price to book ratio is 1.59 and price to earnings (TTM) ratio is 10.63.
Transactions by insiders
Recent insider trading involved LIU JACK C, Director, that happened on Aug 23 ’24 when 2000.0 shares were sold. Officer, LIU JACK C completed a deal on Aug 09 ’24 to buy 2000.0 shares. Meanwhile, Executive Vice President Kim Lisa L. sold 6000.0 shares on Aug 02 ’24.
