On Monday, Eastern Bankshares Inc (NASDAQ: EBC) was 3.17% up from the session before settling in for the closing price of $18.28. A 52-week range for EBC has been $11.25 – $18.80.
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During the last 5-year period, the sales drop of Financial Sector giant was -0.67%. When this article was written, the company’s average yearly earnings per share was at -1.83%. With a float of $197.38 million, this company’s outstanding shares have now reached $214.66 million.
Let’s determine the extent of company efficiency that accounts for 1744 employees. 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 Activity
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 58.19%. 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) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.1 earnings per share (EPS) during the time that was less than consensus figure (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
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 4.10. Likewise, its price to free cash flow for the trailing twelve months is 8.11.
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)
Looking closely at Eastern Bankshares Inc (NASDAQ: EBC), its last 5-days average volume was 1.58 million, which is a jump from its year-to-date volume of 1.02 million. As of the previous 9 days, the stock’s Stochastic %D was 84.63%. Additionally, its Average True Range was 0.59.
During the past 100 days, Eastern Bankshares Inc’s (EBC) raw stochastic average was set at 96.62%, which indicates a significant increase from 93.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.81% in the past 14 days, which was higher than the 37.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.62, while its 200-day Moving Average is $14.65. However, in the short run, Eastern Bankshares Inc’s stock first resistance to watch stands at $19.11. Second resistance stands at $19.36. The third major resistance level sits at $19.65. If the price goes on to break the first support level at $18.57, it is likely to go to the next support level at $18.28. Should the price break the second support level, the third support level stands at $18.03.
Eastern Bankshares Inc (NASDAQ: EBC) Key Stats
There are 215,648K outstanding shares of the company, which has a market capitalization of 4.07 billion. As of now, sales total 558,710 K while income totals 232,180 K. Its latest quarter income was 299,550 K while its last quarter net income were -6,190 K.
