As of close of business last night, Eastern Bankshares Inc.’s stock clocked out at $13.08, up 0.38% from its previous closing price of $13.03. In other words, the price has increased by $+0.05 from its previous closing price. On the day, 676407 shares were traded.
Ratios:
To gain a deeper understanding of EBC’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Seaport Research Partners on September 12, 2023, initiated with a Buy rating and assigned the stock a target price of $16.
On January 31, 2023, JP Morgan Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $19.50 to $15.
Janney Downgraded its Buy to Neutral on January 30, 2023, while the target price for the stock was maintained at $17.
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 Dec 01 when Stager Nancy Huntington sold 18,465 shares for $12.08 per share. The transaction valued at 223,130 led to the insider holds 493 shares of the business.
Stager Nancy Huntington sold 18,465 shares of EBC for $222,760 on Nov 14. The Executive VP now owns 4,202 shares after completing the transaction at $12.06 per share. On Oct 12, another insider, Stager Nancy Huntington, who serves as the Executive VP of the company, sold 18,465 shares for $12.07 each. As a result, the insider received 222,947 and left with 7,911 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 2.30B. As of this moment, Eastern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.19, and their Forward P/E ratio for the next fiscal year is 8.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.75 while its Price-to-Book (P/B) ratio in mrq is 0.78.
Stock Price History:
Over the past 52 weeks, EBC has reached a high of $16.01, while it has fallen to a 52-week low of $9.93. The 50-Day Moving Average of the stock is 13.98, while the 200-Day Moving Average is calculated to be 12.96.
Shares Statistics:
It appears that EBC traded 851.07K shares on average per day over the past three months and 1.02M shares per day over the past ten days. A total of 176.33M shares are outstanding, with a floating share count of 159.07M. Insiders hold about 9.84% of the company’s shares, while institutions hold 63.53% stake in the company. Shares short for EBC as of Jan 31, 2024 were 4.3M with a Short Ratio of 5.06, compared to 3.94M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.44% and a Short% of Float of 2.47%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.41, EBC has a forward annual dividend rate of 0.41. Against a Trailing Annual Dividend Yield of 3.15%, it implies a Forward Annual Dividend Yield of 3.37%.
Earnings Estimates
As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.2 for the current quarter, with a high estimate of $0.22 and a low estimate of $0.19, while EPS last year was $0.38. The consensus estimate for the next quarter is $0.28, with high estimates of $0.32 and low estimates of $0.23.
Analysts are recommending an EPS of between $1.24 and $1.12 for the fiscal current year, implying an average EPS of $1.18. EPS for the following year is $1.5, with 4 analysts recommending between $1.57 and $1.36.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $135.22M. It ranges from a high estimate of $140M to a low estimate of $132.53M. As of the current estimate, Eastern Bankshares Inc.’s year-ago sales were $143.53M, an estimated decrease of -5.80% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $155.71M, an increase of 11.20% over than the figure of -$5.80% in the same quarter last year. There is a high estimate of $187.8M for the next quarter, whereas the lowest estimate is $134.94M.
A total of 3 analysts have provided revenue estimates for EBC’s current fiscal year. The highest revenue estimate was $707.91M, while the lowest revenue estimate was $652.84M, resulting in an average revenue estimate of $678.49M. In the same quarter a year ago, actual revenue was $550.41M, up 23.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $784.61M in the next fiscal year. The high estimate is $789.99M and the low estimate is $777.3M. The average revenue growth estimate for next year is up 15.60% from the average revenue estimate for this year.
