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The price of Eastern Bankshares Inc. (NASDAQ: EBC) closed at $15.66 in the last session, down -5.89% from day before closing price of $16.64. In other words, the price has decreased by -$5.89 from its previous closing price. On the day, 1.51 million shares were traded. EBC stock price reached its highest trading level at $16.76 during the session, while it also had its lowest trading level at $15.61.
Ratios:
We take a closer look at EBC’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 15 ’24 when Borgen Luis sold 4,782 shares for $14.07 per share. The transaction valued at 67,283 led to the insider holds 41,954 shares of the business.
Jackson Deborah C sold 2,200 shares of EBC for $30,954 on May 15 ’24. The Director now owns 72,997 shares after completing the transaction at $14.07 per share. On May 15 ’24, another insider, Harlam Bari A, who serves as the Director of the company, sold 1,913 shares for $14.07 each. As a result, the insider received 26,916 and left with 73,912 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 3147221504 and an Enterprise Value of 1857200640. As of this moment, Eastern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.76, and their Forward P/E ratio for the next fiscal year is 11.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.71 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 3.086.
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 9.55%, while the 200-Day Moving Average is calculated to be 16.73%.
Shares Statistics:
According to the various share statistics, EBC traded on average about 1.07M shares per day over the past 3-months and 1899640 shares per day over the past 10 days. A total of 215.83M shares are outstanding, with a floating share count of 194.30M. Insiders hold about 9.98% of the company’s shares, while institutions hold 53.86% stake in the company. Shares short for EBC as of 1721001600 were 7632161 with a Short Ratio of 7.12, compared to 1718323200 on 5745656. Therefore, it implies a Short% of Shares Outstanding of 7632161 and a Short% of Float of 3.5700000000000003.
Dividends & Splits
The forward annual dividend rate for EBC is 0.43, which was 0.43 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.025841348
