On Tuesday, Eastern Bankshares Inc (NASDAQ: EBC) opened higher 1.41% from the last session, before settling in for the closing price of $16.34. Price fluctuations for EBC have ranged from $11.24 to $17.49 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales slided by -0.67%. Company’s average yearly earnings per share was noted -1.83% at the time writing. 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 94.76%, operating margin of 12.48%, and the pretax margin is 11.55%.
Eastern Bankshares Inc (EBC) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of Eastern Bankshares Inc is 8.05%, while institutional ownership is 56.72%. 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
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.1 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.2) by -0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.83% per share during the next fiscal year.
Eastern Bankshares Inc (NASDAQ: EBC) Trading Performance Indicators
Check out the current performance indicators for Eastern Bankshares Inc (EBC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.60. Likewise, its price to free cash flow for the trailing twelve months is 8.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.32, a number that is poised to hit 0.29 in the next quarter and is forecasted to reach 1.30 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 0.74 million was inferior to 1.0 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 41.50%. Additionally, its Average True Range was 0.45.
During the past 100 days, Eastern Bankshares Inc’s (EBC) raw stochastic average was set at 80.17%, which indicates a significant increase from 45.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.71% in the past 14 days, which was higher than the 31.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.48, while its 200-day Moving Average is $14.56. Now, the first resistance to watch is $16.67. This is followed by the second major resistance level at $16.78. The third major resistance level sits at $16.97. If the price goes on to break the first support level at $16.38, it is likely to go to the next support level at $16.18. The third support level lies at $16.08 if the price breaches the second support level.
Eastern Bankshares Inc (NASDAQ: EBC) Key Stats
There are currently 215,648K shares outstanding in the company with a market cap of 3.57 billion. Presently, the company’s annual sales total 558,710 K according to its annual income of 232,180 K. Last quarter, the company’s sales amounted to 299,550 K and its income totaled -6,190 K.
