NEW YORK ( TheStreet) -- East West Bancorp (Nasdaq: EWBC) hit a new 52-week high Tuesday as it is currently trading at $23.46, above its previous 52-week high of $23.37 with 988,540 shares traded as of 3:30 p.m. ET. Average volume has been 1.3 million shares over the past 30 days. East West has a market cap of $3.33 billion and is part of the financial sector and banking industry. Shares are up 14% year to date as of the close of trading on Monday. 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 14.1, above the average banking industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7.
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