Eastern Bankshares Inc (NASDAQ: EBC) is -8.46% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EBC stock was last observed hovering at around $15.68 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $15.79, the stock is -8.62% and -10.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 0.70% at the moment leaves the stock -4.16% off its SMA200. EBC registered 18.01% gain for a year compared to 6-month gain of -1.68%. The firm has a 50-day simple moving average (SMA 50) of $17.6176 and a 200-day simple moving average (SMA200) of $16.47465.
The stock witnessed a -16.41% loss in the last 1 month and extending the period to 3 months gives it a -11.79%, and is -4.76% 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 3.13% over the week and 2.68% over the month.
Eastern Bankshares Inc (EBC) has around 1998 employees, a market worth around $3.36B and $1.07B in sales. Current P/E ratio is 23.70 and Fwd P/E is 9.21. Profit margin for the company is 11.20%. Distance from 52-week low is 29.21% and -18.59% from its 52-week high. The company has generated returns on investments over the last 12 months (3.17%).
The EPS is expected to grow by 40.33% this year
317.0 institutions hold shares in Eastern Bankshares Inc (EBC), with institutional investors hold 77.91% of the company’s shares. The shares outstanding are 213.91M, and float is at 195.70M with Short Float at 2.66%. Institutions hold 77.09% 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 6.0118 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 purchase by Rosato R David, the company’s Chief Financial Officer. SEC filings show that Rosato R David bought 10,000 shares of the company’s common stock on Mar 11 ’25 at a price of $15.40 per share for a total of $0.15 million. Following the purchase, the insider now owns 20000.0 shares.
Eastern Bankshares Inc disclosed in a document filed with the SEC on Dec 02 ’24 that Jackson Deborah C (Director) sold a total of 5,713 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $18.56 per share for $0.11 million. Following the transaction, the insider now directly holds 67284.0 shares of the EBC stock.
Still, SEC filings show that on Dec 02 ’24, Borgen Luis (Director) disposed off 12,419 shares at an average price of $18.56 for $0.23 million. The insider now directly holds 29,535 shares of Eastern Bankshares Inc (EBC).
