On Tuesday, Eastern Bankshares Inc. (NASDAQ: EBC) was -2.27% drop from the session before settling in for the closing price of $15.87. A 52-week range for EBC has been $10.65 – $17.26.
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A company in the Financial sector has dropped its sales by -0.67% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 13.31%. With a float of $197.91 million, this company’s outstanding shares have now reached $215.65 million.
In an organization with 1744 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 93.88%, operating margin of 22.78%, and the pretax margin is 13.71%.
Eastern Bankshares Inc. (EBC) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Eastern Bankshares Inc. stocks. The insider ownership of Eastern Bankshares Inc. is 8.23%, while institutional ownership is 55.59%. 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 1,913 for $14.07, making the entire transaction worth $26,916. This insider now owns 73,912 shares in total.
Eastern Bankshares Inc. (EBC) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.32 earnings per share (EPS) during the time that was better than consensus figure (set at 0.28) by 0.04. 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 13.31% per share during the next fiscal year.
Eastern Bankshares Inc. (NASDAQ: EBC) Trading Performance Indicators
You can see what Eastern Bankshares Inc. (EBC) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.67. Likewise, its price to free cash flow for the trailing twelve months is 7.66.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.8 million. That was inferior than the volume of 1.02 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 87.40%. Additionally, its Average True Range was 0.52.
During the past 100 days, Eastern Bankshares Inc.’s (EBC) raw stochastic average was set at 65.28%, which indicates a significant increase from 54.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.46% in the past 14 days, which was higher than the 30.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.75, while its 200-day Moving Average is $13.67. However, in the short run, Eastern Bankshares Inc.’s stock first resistance to watch stands at $15.74. Second resistance stands at $15.98. The third major resistance level sits at $16.10. If the price goes on to break the first support level at $15.38, it is likely to go to the next support level at $15.26. Assuming the price breaks the second support level, the third support level stands at $15.02.
Eastern Bankshares Inc. (NASDAQ: EBC) Key Stats
There are 176,631K outstanding shares of the company, which has a market capitalization of 3.34 billion. As of now, sales total 558,710 K while income totals 232,180 K. Its latest quarter income was 232,720 K while its last quarter net income were 26,330 K.
