In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Eastern Bankshares Inc (NASDAQ: EBC) closed the day trading at $15.29 down -5.73% from the previous closing price of $16.22. In other words, the price has decreased by -$5.73 from its previous closing price. On the day, 1.5 million shares were traded.
Ratios:
For a better understanding of EBC, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 02 ’24 when Jackson Deborah C sold 5,713 shares for $18.56 per share. The transaction valued at 106,033 led to the insider holds 67,284 shares of the business.
Borgen Luis sold 12,419 shares of EBC for $230,497 on Dec 02 ’24. The Director now owns 29,535 shares after completing the transaction at $18.56 per share. On Dec 02 ’24, another insider, DEBORAH JACKSON, who serves as the Director of the company, bought 5,713 shares for $18.64 each.
Valuation Measures:
As of this moment, Eastern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.95, and their Forward P/E ratio for the next fiscal year is 8.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.05 while its Price-to-Book (P/B) ratio in mrq is 0.91.
Stock Price History:
Over the past 52 weeks, EBC has reached a high of $19.40, while it has fallen to a 52-week low of $12.22. The 50-Day Moving Average of the stock is -13.72%, while the 200-Day Moving Average is calculated to be -7.05%.
Shares Statistics:
A total of 213.91M shares are outstanding, with a floating share count of 195.70M. Insiders hold about 8.02% of the company’s shares, while institutions hold 69.25% stake in the company.
