East West Stock Hits New 52-Week Low (EWBC)

NEW YORK ( TheStreet) -- East West Bancorp Inc (Nasdaq: EWBC) hit a new 52-week low Monday as it is currently trading at $14.29, below its previous 52-week low of $14.31 with 943,305 shares traded as of 3:25 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.

East West has a market cap of $2.3 billion and is part of the financial sector and banking industry. Shares are down 23.7% 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 12.4, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates East West as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full East West Ratings Report.

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