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

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.

TheStreet Ratings rates East West as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full East West Ratings Report.

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