On Tuesday, Eastern Bankshares Inc (NASDAQ: EBC) was -0.76% drop from the session before settling in for the closing price of $18.52. A 52-week range for EBC has been $11.86 – $19.15.
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Financial Sector giant saw their annual sales slid by -0.67% over the last five years. 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.
The firm has a total of 1744 workers. Let’s measure their productivity. In terms of profitability, gross margin is 94.76%, operating margin of 12.48%, and the pretax margin is 11.84%.
Eastern Bankshares Inc (EBC) Breakdown of a Key Holders of the stock
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 66.41%. 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) Recent Fiscal highlights
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 3.98. Likewise, its price to free cash flow for the trailing twelve months is 7.87.
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)
Analysing the last 5-days average volume posted by the [Eastern Bankshares Inc, EBC], we can find that recorded value of 0.68 million was lower than the volume posted last year of 1.01 million. As of the previous 9 days, the stock’s Stochastic %D was 61.51%. Additionally, its Average True Range was 0.55.
During the past 100 days, Eastern Bankshares Inc’s (EBC) raw stochastic average was set at 86.20%, which indicates a significant increase from 76.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.65% in the past 14 days, which was higher than the 37.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.88, while its 200-day Moving Average is $14.78. Now, the first resistance to watch is $18.52. This is followed by the second major resistance level at $18.66. The third major resistance level sits at $18.83. If the price goes on to break the first support level at $18.21, it is likely to go to the next support level at $18.04. Now, if the price goes above the second support level, the third support stands at $17.90.
Eastern Bankshares Inc (NASDAQ: EBC) Key Stats
There are 214,663K outstanding shares of the company, which has a market capitalization of 3.95 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.
