A new trading day began on Tuesday, with Eastern Bankshares Inc (NASDAQ: EBC) stock price up 0.80% from the previous day of trading, before settling in for the closing price of $18.74. EBC’s price has ranged from $12.22 to $19.40 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 16.56%. Meanwhile, its annual earnings per share averaged 40.33%. With a float of $197.43 million, this company’s outstanding shares have now reached $213.91 million.
Considering the fact that the conglomerate employs 1744 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of Eastern Bankshares Inc is 8.03%, while institutional ownership is 66.41%. 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
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
Here are Eastern Bankshares Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.80. Likewise, its price to free cash flow for the trailing twelve months is 8.09.
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)
Compared to the last year’s volume of 0.96 million, its volume of 0.75 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 76.99%. Additionally, its Average True Range was 0.49.
During the past 100 days, Eastern Bankshares Inc’s (EBC) raw stochastic average was set at 86.66%, which indicates a significant increase from 84.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.53% in the past 14 days, which was lower than the 34.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.83, while its 200-day Moving Average is $16.09. Nevertheless, the first resistance level for the watch stands at $19.01 in the near term. At $19.13, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.34. If the price goes on to break the first support level at $18.68, it is likely to go to the next support level at $18.47. Now, if the price goes above the second support level, the third support stands at $18.35.
Eastern Bankshares Inc (NASDAQ: EBC) Key Stats
With a market capitalization of 4.05 billion, the company has a total of 214,663K Shares Outstanding. Currently, annual sales are 1,087 M while annual income is 119,560 K. The company’s previous quarter sales were 317,350 K while its latest quarter income was 60,770 K.
