The closing price of East West Bancorp, Inc. (NASDAQ: EWBC) was $74.99 for the day, down -1.03% from the previous closing price of $75.77. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 883134 shares were traded.
Ratios:
Our analysis of EWBC’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on March 08, 2024, initiated with a Overweight rating and assigned the stock a target price of $106.
On December 08, 2023, Stephens started tracking the stock assigning a Overweight rating and target price of $79.
Morgan Stanley Upgraded its Equal-Weight to Overweight on December 04, 2023, whereas the target price for the stock was revised from $66 to $76.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 07 ’24 when CAMPBELL MOLLY sold 1,625 shares for $77.26 per share. The transaction valued at 125,548 led to the insider holds 10,321 shares of the business.
LIU JACK C sold 2,000 shares of EWBC for $147,160 on Feb 29 ’24. The Director now owns 16,739 shares after completing the transaction at $73.58 per share. On Dec 13 ’23, another insider, LIU JACK C, who serves as the Director of the company, sold 1,000 shares for $68.90 each. As a result, the insider received 68,900 and left with 18,739 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EWBC now has a Market Capitalization of 10.50B. As of this moment, East’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.16, and their Forward P/E ratio for the next fiscal year is 9.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.68 while its Price-to-Book (P/B) ratio in mrq is 1.51.
Stock Price History:
Over the past 52 weeks, EWBC has reached a high of $79.54, while it has fallen to a 52-week low of $41.12. The 50-Day Moving Average of the stock is 73.89, while the 200-Day Moving Average is calculated to be 62.73.
Shares Statistics:
EWBC traded an average of 1.30M shares per day over the past three months and 903.86k shares per day over the past ten days. A total of 140.03M shares are outstanding, with a floating share count of 138.64M. Insiders hold about 0.99% of the company’s shares, while institutions hold 90.17% stake in the company. Shares short for EWBC as of Mar 15, 2024 were 5.17M with a Short Ratio of 3.96, compared to 4.35M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.69% and a Short% of Float of 4.17%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.92, EWBC has a forward annual dividend rate of 1.99. Against a Trailing Annual Dividend Yield of 2.53%, it implies a Forward Annual Dividend Yield of 2.89%. The stock’s 5-year Average Dividend Yield is 2.42. The current Payout Ratio is 23.46% for EWBC, which recently paid a dividend on Feb 15, 2024 with an ex-dividend date of Feb 01, 2024. Stock splits for the company last occurred on Jun 22, 2004 when the company split stock in a 2:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 15 analysts. On average, analysts expect EPS of $1.99 for the current quarter, with a high estimate of $2.08 and a low estimate of $1.89, while EPS last year was $2.27. The consensus estimate for the next quarter is $1.95, with high estimates of $2.06 and low estimates of $1.85.
Analysts are recommending an EPS of between $8.23 and $7.4 for the fiscal current year, implying an average EPS of $7.85. EPS for the following year is $8.26, with 15 analysts recommending between $8.72 and $7.82.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. It ranges from a high estimate of $645M to a low estimate of $554.8M. As of the current estimate, East West Bancorp, Inc.’s year-ago sales were $599.86M, an estimated decrease of -2.60% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $573.09M, a decrease of -4.40% less than the figure of -$2.60% in the same quarter last year. There is a high estimate of $640.9M for the next quarter, whereas the lowest estimate is $551.53M.
A total of 11 analysts have provided revenue estimates for EWBC’s current fiscal year. The highest revenue estimate was $2.58B, while the lowest revenue estimate was $2.23B, resulting in an average revenue estimate of $2.33B. In the same quarter a year ago, actual revenue was $2.48B, down -6.10% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $2.43B in the next fiscal year. The high estimate is $2.71B and the low estimate is $2.3B. The average revenue growth estimate for next year is up 4.30% from the average revenue estimate for this year.
