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As of close of business last night, Eastern Bankshares Inc.’s stock clocked out at $16.57, up 1.84% from its previous closing price of $16.27. In other words, the price has increased by $1.84 from its previous closing price. On the day, 1.47 million shares were traded. EBC stock price reached its highest trading level at $16.715 during the session, while it also had its lowest trading level at $16.115.
Ratios:
To gain a deeper understanding of EBC’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.04.
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 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 3576319744 and an Enterprise Value of 2120407808. As of this moment, Eastern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.80, and their Forward P/E ratio for the next fiscal year is 11.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.83 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 3.439.
Stock Price History:
The Beta on a monthly basis for EBC is 0.90, which has changed by 0.15229487 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, EBC has reached a high of $16.64, while it has fallen to a 52-week low of $10.65. The 50-Day Moving Average of the stock is 18.81%, while the 200-Day Moving Average is calculated to be 24.94%.
Shares Statistics:
It appears that EBC traded 940.67K shares on average per day over the past three months and 2065220 shares per day over the past ten days. A total of 215.83M shares are outstanding, with a floating share count of 194.74M. Insiders hold about 9.77% of the company’s shares, while institutions hold 53.78% stake in the company. Shares short for EBC as of 1719532800 were 6304185 with a Short Ratio of 6.70, compared to 1717113600 on 6777566. Therefore, it implies a Short% of Shares Outstanding of 6304185 and a Short% of Float of 3.61.
Dividends & Splits
With its trailing 12-month dividend rate of 0.42, EBC has a forward annual dividend rate of 0.43. Against a Trailing Annual Dividend Yield of 0.02581438
