Eastern Bankshares Inc. (NASDAQ: EBC) on Tuesday, soared 1.28% from the previous trading day, before settling in for the closing price of $14.80. Within the past 52 weeks, EBC’s price has moved between $10.65 and $17.26.
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Financial Sector giant saw their annual sales slid by -0.67% over the last five years. The company achieved an average annual earnings per share of 14.11%. With a float of $194.30 million, this company’s outstanding shares have now reached $215.83 million.
The firm has a total of 1744 workers. Let’s measure their productivity.
Eastern Bankshares Inc. (EBC) Breakdown of a Key Holders of the stock
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Eastern Bankshares Inc. is 9.98%, while institutional ownership is 54.32%. The most recent insider transaction that took place on May 15 ’24, was worth 67,283. In this transaction Director of this company sold 4,782 shares at a rate of $14.07, taking the stock ownership to the 41,954 shares. Before that another transaction happened on May 15 ’24, when Company’s Director sold 2,200 for $14.07, making the entire transaction worth $30,954. This insider now owns 72,997 shares in total.
Eastern Bankshares Inc. (EBC) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.35 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.11% per share during the next fiscal year.
Eastern Bankshares Inc. (NASDAQ: EBC) Trading Performance Indicators
Eastern Bankshares Inc. (EBC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.55. Likewise, its price to free cash flow for the trailing twelve months is 7.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.72, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.48 in one year’s time.
Technical Analysis of Eastern Bankshares Inc. (EBC)
Analysing the last 5-days average volume posted by the [Eastern Bankshares Inc., EBC], we can find that recorded value of 1.85 million was better than the volume posted last year of 1.02 million. As of the previous 9 days, the stock’s Stochastic %D was 20.39%. Additionally, its Average True Range was 0.62.
During the past 100 days, Eastern Bankshares Inc.’s (EBC) raw stochastic average was set at 54.96%, which indicates a significant increase from 30.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.54% in the past 14 days, which was higher than the 32.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.39, while its 200-day Moving Average is $13.48. Now, the first resistance to watch is $15.36. This is followed by the second major resistance level at $15.74. The third major resistance level sits at $16.13. If the price goes on to break the first support level at $14.59, it is likely to go to the next support level at $14.20. Now, if the price goes above the second support level, the third support stands at $13.82.
Eastern Bankshares Inc. (NASDAQ: EBC) Key Stats
Market capitalization of the company is 3.24 billion based on 176,631K outstanding shares. Right now, sales total 558,710 K and income totals 232,180 K. The company made 232,720 K in profit during its latest quarter, and 26,330 K in sales during its previous quarter.
