NEW YORK (
East West Bancorp
) hit a new 52-week high Monday as it traded at $23.74 compared with its previous 52-Week high of $23.71. East West is changing hands at $23.72 with 231,591 shares traded as of 9:56 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.
East West has a market cap of $3.3 billion and is part of the
industry. Shares are up 17.5% year to date as of the close of trading on Friday.
East West Bancorp, Inc. operates as the holding company for East West Bank, which provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals in California. The company has a P/E ratio of 26.7, below the average banking industry P/E ratio of 100.7 and above the S&P 500 P/E ratio of 22.6.
TheStreet Ratings rates East West as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full
52-week high stocks
or get investment ideas from our