175 institutions hold shares in Eastern Bankshares Inc. (EBC), with 15.17M shares held by insiders accounting for 8.82% while institutional investors hold 51.59% of the company’s shares. The shares outstanding are 201.68M, and float is at 170.29M with Short Float at 2.94%. Institutions hold 47.04% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 15.89 million shares valued at $259.15 million. The investor’s holdings represent 8.51% of the EBC Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 11.47 million shares valued at $187.01 million to account for 6.14% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 7.14 million shares representing 3.82% and valued at over $116.38 million, while FJ Capital Management LLC holds 1.75% of the shares totaling 3.27 million with a market value of $53.32 million.
Eastern Bankshares Inc. (NASDAQ: EBC) is 32.31% higher on its value in year-to-date trading and has touched a low of $11.74 and a high of $21.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EBC stock was last observed hovering at around $21.25 in the last trading session, with the day’s gains setting it 0.33% off its average median price target of $22.00 for the next 12 months. It is also 1.91% off the consensus price target high of $22.00 offered by 4 analysts, but current levels are -2.76% lower than the price target low of $21.00 for the same period.
Currently trading at $21.58, the stock is 8.11% and 13.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing 1.55% at the moment leaves the stock 31.00% off its SMA200. EBC registered a gain of 79.83% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $19.65 and a 200-day simple moving average (SMA200) of $16.47.
The stock witnessed a 11.87% loss in the last 1 month and extending the period to 3 months gives it a 34.04%, and is 6.94% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.61% over the week and 2.45% over the month.
Eastern Bankshares Inc. (EBC) has around 407 employees, a market worth around $3.86B and $413.30M in sales. Current P/E ratio is 190.97 and Fwd P/E is 20.83. Profit margin for the company is 5.50%. Distance from 52-week low is 83.82% and 0.19% from its 52-week high. The company has generated returns on investments over the last 12 months (11.30%).
Eastern Bankshares Inc. (EBC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Eastern Bankshares Inc. (EBC) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Eastern Bankshares Inc. is expected to release its quarterly report on 09/01/2021 and quarterly earnings per share for the current quarter are estimated at $0.2 with sales reaching $103.93M over the same period.The EPS is expected to shrink by -83.20% this year, but quarterly earnings will post 1.90% year-over-year.
Eastern Bankshares Inc. (EBC) Insider Activity
A total of 0 insider transactions have happened at Eastern Bankshares Inc. (EBC) in the last six months, with sales accounting for 0 and purchases happening 0 times.