Eastern Bankshares Inc (NASDAQ: EBC) kicked off on Tuesday, down -3.84% from the previous trading day, before settling in for the closing price of $17.73. Over the past 52 weeks, EBC has traded in a range of $12.22-$19.40.
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Annual sales at Financial sector company grew by 16.55% over the past five years. While this was happening, its average annual earnings per share was recorded 40.33%. With a float of $195.91 million, this company’s outstanding shares have now reached $213.91 million.
Let’s look at the performance matrix of the company that is accounted for 1998 employees. In terms of profitability, gross margin is 108.05%, operating margin of 17.35%, and the pretax margin is 16.37%.
Eastern Bankshares Inc (EBC) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Banks – Regional Industry. The insider ownership of Eastern Bankshares Inc is 8.02%, while institutional ownership is 69.27%. 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
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
Take a look at Eastern Bankshares Inc’s (EBC) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.40. Likewise, its price to free cash flow for the trailing twelve months is 13.42.
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)
Eastern Bankshares Inc (NASDAQ: EBC) saw its 5-day average volume 0.99 million, a positive change from its year-to-date volume of 0.97 million. As of the previous 9 days, the stock’s Stochastic %D was 28.59%. Additionally, its Average True Range was 0.50.
During the past 100 days, Eastern Bankshares Inc’s (EBC) raw stochastic average was set at 34.77%, which indicates a significant increase from 12.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.70% in the past 14 days, which was lower than the 34.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.78, while its 200-day Moving Average is $16.41. Nevertheless, the first resistance level for the watch stands at $17.49 in the near term. At $17.92, the stock is likely to face the second major resistance level. The third major resistance level sits at $18.27. If the price goes on to break the first support level at $16.71, it is likely to go to the next support level at $16.36. The third support level lies at $15.93 if the price breaches the second support level.
Eastern Bankshares Inc (NASDAQ: EBC) Key Stats
The company with the Market Capitalisation of 3.63 billion has total of 212,992K Shares Outstanding. Its annual sales at the moment are 1,087 M in contrast with the sum of 119,560 K annual income. Company’s last quarter sales were recorded 317,350 K and last quarter income was 60,770 K.
