Eastern Bankshares Inc (NASDAQ: EBC) is 18.24% higher on its value in year-to-date trading and has touched a low of $12.22 and a high of $19.40 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 $16.91 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $16.79, the stock is -7.60% and -5.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing -0.71% at the moment leaves the stock 9.80% off its SMA200. EBC registered 14.06% gain for a year compared to 6-month gain of 29.15%. The firm has a 50-day simple moving average (SMA 50) of $17.673 and a 200-day simple moving average (SMA200) of $15.273425.
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The stock witnessed a -8.65% loss in the last 1 month and extending the period to 3 months gives it a -0.65%, and is -6.67% down 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 4.43% over the week and 2.83% over the month.
Eastern Bankshares Inc (EBC) has around 1744 employees, a market worth around $3.60B and $992.16M in sales. Current P/E ratio is 7.23 and Fwd P/E is 12.87. Profit margin for the company is 38.03%. Distance from 52-week low is 37.40% and -13.43% from its 52-week high. The company has generated returns on investments over the last 12 months (9.88%).
with sales reaching $211.85M over the same period.The EPS is expected to shrink by -1.83% this year, but quarterly earnings will post 137.16% year-over-year. Quarterly sales are estimated to grow 32.37% in year-over-year returns.
315.0 institutions hold shares in Eastern Bankshares Inc (EBC), with institutional investors hold 74.76% of the company’s shares. The shares outstanding are 214.80M, and float is at 197.45M with Short Float at 1.89%. Institutions hold 74.04% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.34 million shares valued at $228.49 million. The investor’s holdings represent 10.0354 of the EBC Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 13.52 million shares valued at $188.98 million to account for 8.3 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 12.66 million shares representing 7.7729 and valued at over $176.98 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 6.0222 of the shares totaling 9.81 million with a market value of $137.12 million.
Eastern Bankshares Inc (EBC) Insider Activity
The most recent transaction is an insider sale by Jackson Deborah C, the company’s Director. SEC filings show that Jackson Deborah C sold 5,713 shares of the company’s common stock on Dec 02 ’24 at a price of $18.56 per share for a total of $0.11 million. Following the sale, the insider now owns 67284.0 shares.
Eastern Bankshares Inc disclosed in a document filed with the SEC on Dec 02 ’24 that Borgen Luis (Director) sold a total of 12,419 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $18.56 per share for $0.23 million. Following the transaction, the insider now directly holds 29535.0 shares of the EBC stock.
Still, SEC filings show that on Dec 02 ’24, DEBORAH JACKSON (Director) Proposed Sale 5,713 shares at an average price of $18.64 for $0.11 million. The insider now directly holds shares of Eastern Bankshares Inc (EBC).
