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As of close of business last night, Eastern Bankshares Inc.’s stock clocked out at $15.95, down -1.79% from its previous closing price of $16.24. In other words, the price has decreased by -$1.79 from its previous closing price. On the day, 0.76 million shares were traded. EBC stock price reached its highest trading level at $16.27 during the session, while it also had its lowest trading level at $15.945.
Ratios:
To gain a deeper understanding of EBC’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
On September 12, 2023, Seaport Research Partners started tracking the stock assigning a Buy rating and target price of $16.
JP Morgan Downgraded its Neutral to Underweight on January 31, 2023, whereas the target price for the stock was revised from $19.50 to $15.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 04 ’24 when Miller Quincy Lee sold 12,676 shares for $16.66 per share. The transaction valued at 211,182 led to the insider holds 0 shares of the business.
Miller Quincy Lee bought 12,676 shares of EBC for $211,167 on Sep 04 ’24. On Aug 21 ’24, another insider, Palandjian Leon Aghababai, who serves as the Director of the company, bought 5,000 shares for $15.64 each. As a result, the insider paid 78,200 and bolstered with 91,506 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EBC now has a Market Capitalization of 3201675264 and an Enterprise Value of 1988409472. As of this moment, Eastern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.87, and their Forward P/E ratio for the next fiscal year is 11.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.77 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 3.304.
Stock Price History:
Over the past 52 weeks, EBC has reached a high of $17.26, while it has fallen to a 52-week low of $10.65. The 50-Day Moving Average of the stock is -0.88%, while the 200-Day Moving Average is calculated to be 12.39%.
Shares Statistics:
It appears that EBC traded 1.30M shares on average per day over the past three months and 1210860 shares per day over the past ten days. A total of 215.65M shares are outstanding, with a floating share count of 198.03M. Insiders hold about 8.17% of the company’s shares, while institutions hold 55.62% stake in the company. Shares short for EBC as of 1724976000 were 3429545 with a Short Ratio of 2.89, compared to 1722384000 on 3792185. Therefore, it implies a Short% of Shares Outstanding of 3429545 and a Short% of Float of 1.73.
Dividends & Splits
With its trailing 12-month dividend rate of 0.43, EBC has a forward annual dividend rate of 0.44. Against a Trailing Annual Dividend Yield of 0.026477834
