On Monday, Eastern Bankshares Inc (NASDAQ: EBC) opened higher 3.01% from the last session, before settling in for the closing price of $17.95. Price fluctuations for EBC have ranged from $12.22 to $19.40 over the past 52 weeks.
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During the last 5-year period, the sales drop of Financial Sector giant was -0.67%. Company’s average yearly earnings per share was noted -1.83% at the time writing. With a float of $197.45 million, this company’s outstanding shares have now reached $214.80 million.
Let’s determine the extent of company efficiency that accounts for 1744 employees. In terms of profitability, gross margin is 104.87%, operating margin of 13.81%, and the pretax margin is 13.1%.
Eastern Bankshares Inc (EBC) Breakdown of a Key Holders of the stock
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 8.02%, while institutional ownership is 66.36%. The most recent insider transaction that took place on Dec 02 ’24, was worth 106,033. In this transaction Director of this company sold 5,713 shares at a rate of $18.56, taking the stock ownership to the 67,284 shares. Before that another transaction happened on Dec 02 ’24, when Company’s Director sold 12,419 for $18.56, making the entire transaction worth $230,497. This insider now owns 29,535 shares in total.
Eastern Bankshares Inc (EBC) Recent Fiscal highlights
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 3.99. Likewise, its price to free cash flow for the trailing twelve months is 7.90.
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 0.95 million, which is a drop from its year-to-date volume of 0.99 million. As of the previous 9 days, the stock’s Stochastic %D was 51.65%. Additionally, its Average True Range was 0.47.
During the past 100 days, Eastern Bankshares Inc’s (EBC) raw stochastic average was set at 83.19%, which indicates a significant increase from 59.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.73% in the past 14 days, which was lower than the 35.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.62, while its 200-day Moving Average is $15.23. However, in the short run, Eastern Bankshares Inc’s stock first resistance to watch stands at $18.73. Second resistance stands at $18.98. The third major resistance level sits at $19.41. If the price goes on to break the first support level at $18.05, it is likely to go to the next support level at $17.62. Now, if the price goes above the second support level, the third support stands at $17.37.
Eastern Bankshares Inc (NASDAQ: EBC) Key Stats
There are currently 214,663K shares outstanding in the company with a market cap of 3.96 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.
