Eastern Bankshares Inc. (NASDAQ: EBC) kicked off on Friday, up 5.79% from the previous trading day, before settling in for the closing price of $15.73. Over the past 52 weeks, EBC has traded in a range of $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. While this was happening, its average annual earnings per share was recorded 13.31%. With a float of $198.03 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
Our next focus will be how large-scale investors are participating in this stock of the Banks – Regional Industry. 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 Aug 21 ’24, was worth 78,200. In this transaction Director of this company bought 5,000 shares at a rate of $15.64, taking the stock ownership to the 91,506 shares. Before that another transaction happened on May 15 ’24, when Company’s Director sold 4,782 for $14.07, making the entire transaction worth $67,283. This insider now owns 41,954 shares in total.
Eastern Bankshares Inc. (EBC) Performance Highlights and Predictions
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
Take a look at Eastern Bankshares Inc.’s (EBC) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.93. Likewise, its price to free cash flow for the trailing twelve months is 8.22.
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 0.91 million. That was inferior than the volume of 1.01 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 88.02%. Additionally, its Average True Range was 0.52.
During the past 100 days, Eastern Bankshares Inc.’s (EBC) raw stochastic average was set at 87.70%, which indicates a significant decrease from 95.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.81% in the past 14 days, which was lower than the 31.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.93, while its 200-day Moving Average is $13.74. However, in the short run, Eastern Bankshares Inc.’s stock first resistance to watch stands at $16.99. Second resistance stands at $17.34. The third major resistance level sits at $17.94. If the price goes on to break the first support level at $16.04, it is likely to go to the next support level at $15.44. Assuming the price breaks the second support level, the third support level stands at $15.09.
Eastern Bankshares Inc. (NASDAQ: EBC) Key Stats
The company with the Market Capitalisation of 3.59 billion has total of 176,631K Shares Outstanding. Its annual sales at the moment are 558,710 K in contrast with the sum of 232,180 K annual income. Company’s last quarter sales were recorded 232,720 K and last quarter income was 26,330 K.
