On Monday, Eastern Bankshares Inc. (NASDAQ: EBC) was -4.63% drop from the session before settling in for the closing price of $17.28. A 52-week range for EBC has been $10.65 – $17.49.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
It was noted that within the last five years, the titan of the Financial sector saw sales slided by -0.67%. When this article was written, the company’s average yearly earnings per share was at 10.41%. With a float of $198.29 million, this company’s outstanding shares have now reached $215.65 million.
The extent of productivity of a business whose workforce counts for 1744 workers is very important to gauge. 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 and Institutional Ownership
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 8.05%, while institutional ownership is 55.74%. The most recent insider transaction that took place on Sep 04 ’24, was worth 211,182. In this transaction President of this company sold 12,676 shares at a rate of $16.66, taking the stock ownership to the 0 shares. Before that another transaction happened on Sep 04 ’24, when Company’s Officer proposed sale 12,676 for $16.66, making the entire transaction worth $211,167.
Eastern Bankshares Inc. (EBC) Latest Financial update
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 0.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.41% 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 3.90. Likewise, its price to free cash flow for the trailing twelve months is 8.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.72, a number that is poised to hit 0.33 in the next quarter and is forecasted to reach 1.43 in one year’s time.
Technical Analysis of Eastern Bankshares Inc. (EBC)
The latest stats from [Eastern Bankshares Inc., EBC] show that its last 5-days average volume of 1.08 million was superior to 1.01 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 73.20%. Additionally, its Average True Range was 0.43.
During the past 100 days, Eastern Bankshares Inc.’s (EBC) raw stochastic average was set at 79.09%, which indicates a significant increase from 46.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.11% in the past 14 days, which was lower than the 30.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.29, while its 200-day Moving Average is $14.42. Now, the first resistance to watch is $17.01. This is followed by the second major resistance level at $17.55. The third major resistance level sits at $17.82. If the price goes on to break the first support level at $16.20, it is likely to go to the next support level at $15.93. The third support level lies at $15.39 if the price breaches the second support level.
Eastern Bankshares Inc. (NASDAQ: EBC) Key Stats
There are 176,631K outstanding shares of the company, which has a market capitalization of 3.55 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.
