East West Bancorp (EWBC) has risen sharply, recording gains of 4.35% in the past 4 weeks. However, the stock has corrected -2.32% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.5% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.36% and the 50-Day Moving Average is 2.02%.The 200 Day SMA reached 1.89% East West Bancorp, Inc. is up 1.29% in the last 3-month period. Year-to-Date the stock performance stands at -12.48%.
East West Bancorp (EWBC) : 9 Wall Street analysts covering East West Bancorp (EWBC) believe that the average level the stock could reach for the short term is $41.44. The maximum price target given is $46 and the minimum target for short term is around $38, hence the standard deviation is calculated at $2.24.
For the current week, the company shares have a recommendation consensus of Buy. East West Bancorp (NASDAQ:EWBC): stock was range-bound between the intraday low of $35.52 and the intraday high of $35.96 after having opened at $35.63 on Fridays session. The stock finally closed in the red at $35.63, a loss of -0.67%. The stock remained in the red for the whole trading day. The total traded volume was 1,195,590 shares. The stock failed to cross $35.96 in Fridays trading. The stocks closing price on Thursday was $35.76.
East West Bancorp, Inc. (East West) is a bank holding company. East Wests principal business is to serve as a holding company for East West Bank (Bank) and other banking or banking-related subsidiaries. The Bank offers deposit products, including the traditional range of personal and business checking and savings accounts, time deposits and individual retirement accounts, travelers checks, safe deposit boxes, and MasterCard and Visa merchant deposit services. The Banks lending activities include commercial and residential real estate, construction, trade finance, and commercial business, including accounts receivable, small business administration (SBA), inventory and working capital loans. The Bank provides commercial business loans to small and medium-sized businesses. In addition, the Bank is focused on providing financing to clients needing a financial bridge that facilitates their business transactions between Asia and the United States.