Eastern Bankshares Inc (NASDAQ: EBC) on Tuesday, soared 3.04% from the previous trading day, before settling in for the closing price of $18.07. Within the past 52 weeks, EBC’s price has moved between $12.22 and $19.40.
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 topped by 16.56%. The company achieved an average annual earnings per share of 40.33%. With a float of $197.45 million, this company’s outstanding shares have now reached $213.91 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 110.66%, operating margin of 23.0%, and the pretax margin is 21.7%.
Eastern Bankshares Inc (EBC) Insider and Institutional Ownership
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Eastern Bankshares Inc is 8.02%, while institutional ownership is 66.30%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 40.33% per share during the next fiscal year.
Eastern Bankshares Inc (NASDAQ: EBC) Trading Performance Indicators
Eastern Bankshares Inc (EBC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.74. Likewise, its price to free cash flow for the trailing twelve months is 7.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.67, a number that is poised to hit 0.33 in the next quarter and is forecasted to reach 1.72 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 1.05 million was superior to 1.01 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 76.54%. Additionally, its Average True Range was 0.54.
During the past 100 days, Eastern Bankshares Inc’s (EBC) raw stochastic average was set at 80.25%, which indicates a significant decrease from 97.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.46% in the past 14 days, which was lower than the 34.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.81, while its 200-day Moving Average is $15.93. Now, the first resistance to watch is $18.86. This is followed by the second major resistance level at $19.09. The third major resistance level sits at $19.52. If the price goes on to break the first support level at $18.19, it is likely to go to the next support level at $17.76. The third support level lies at $17.53 if the price breaches the second support level.
Eastern Bankshares Inc (NASDAQ: EBC) Key Stats
Market capitalization of the company is 4.00 billion based on 214,663K outstanding shares. Right now, sales total 1,087 M and income totals 119,560 K. The company made 317,350 K in profit during its latest quarter, and 60,770 K in sales during its previous quarter.
