Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Eastern Bankshares Inc. (NASDAQ: EBC) was $12.94 for the day, down -1.45% from the previous closing price of $13.13. In other words, the price has decreased by -$1.45 from its previous closing price. On the day, 0.72 million shares were traded. EBC stock price reached its highest trading level at $13.05 during the session, while it also had its lowest trading level at $12.8.
Ratios:
Our analysis of EBC’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 18 ’24 when Borgen Luis sold 40,288 shares for $13.08 per share. The transaction valued at 526,967 led to the insider holds 42,040 shares of the business.
Jackson Deborah C sold 5,713 shares of EBC for $74,726 on Mar 18 ’24. The Director now owns 70,501 shares after completing the transaction at $13.08 per share. On Mar 18 ’24, another insider, Harlam Bari A, who serves as the Director of the company, sold 4,968 shares for $13.08 each. As a result, the insider received 64,981 and left with 71,129 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 2285605120 and an Enterprise Value of 1567515392. As of this moment, Eastern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.09, and their Forward P/E ratio for the next fiscal year is 8.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.70 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 5.357.
Stock Price History:
Over the past 52 weeks, EBC has reached a high of $15.07, while it has fallen to a 52-week low of $9.93. The 50-Day Moving Average of the stock is -1.42%, while the 200-Day Moving Average is calculated to be -1.73%.
Shares Statistics:
EBC traded an average of 1.04M shares per day over the past three months and 822300 shares per day over the past ten days. A total of 176.43M shares are outstanding, with a floating share count of 159.10M. Insiders hold about 9.82% of the company’s shares, while institutions hold 63.48% stake in the company. Shares short for EBC as of 1713139200 were 4746330 with a Short Ratio of 4.58, compared to 1710460800 on 4664686. Therefore, it implies a Short% of Shares Outstanding of 4746330 and a Short% of Float of 2.7199999999999998.
Dividends & Splits
With its trailing 12-month dividend rate of 0.41, EBC has a forward annual dividend rate of 0.42. Against a Trailing Annual Dividend Yield of 0.0312262
