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In the latest session, Eastern Bankshares Inc. (NASDAQ: EBC) closed at $15.82 down -1.49% from its previous closing price of $16.06. In other words, the price has decreased by -$1.49 from its previous closing price. On the day, 0.68 million shares were traded. EBC stock price reached its highest trading level at $15.91 during the session, while it also had its lowest trading level at $15.47.
Ratios:
For a deeper understanding of Eastern Bankshares Inc.’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 3223751936 and an Enterprise Value of 1967165312. As of this moment, Eastern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.82, and their Forward P/E ratio for the next fiscal year is 10.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.74 while its Price-to-Book (P/B) ratio in mrq is 0.94. Its current Enterprise Value per Revenue stands at 3.268.
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 1.08%, while the 200-Day Moving Average is calculated to be 13.11%.
Shares Statistics:
For the past three months, EBC has traded an average of 1.26M shares per day and 920580 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 55.59% stake in the company. Shares short for EBC as of 1723680000 were 3712783 with a Short Ratio of 2.95, compared to 1721001600 on 7632161. Therefore, it implies a Short% of Shares Outstanding of 3712783 and a Short% of Float of 1.87.
Dividends & Splits
According to the company, the forward annual dividend rate for EBC is 0.44, from 0.43 in the trailing year. Against a Trailing Annual Dividend Yield of 0.026774596
