Eastern Bankshares Inc. [EBC] stock is trading at $13.19, up 0.76%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EBC shares have gain 2.09% over the last week, with a monthly amount drifted -1.79%, and not seem to be holding up well over a long-time horizon.
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On 6, March 2024, Eastern Bank Announces DPV Transportation (DPV) As A Commercial Banking Customer. In a post published today on Yahoo Finance, Provides Capital To Support Future Business Growth.
From an analyst’s perspective:
Eastern Bankshares Inc. [NASDAQ: EBC] stock has seen the most recent analyst activity on September 12, 2023, when Seaport Research Partners initiated its Buy rating and assigned the stock a price target of $16. Previously, JP Morgan downgraded its rating to Underweight on January 31, 2023, and dropped its price target to $15. On January 30, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $17 on the stock. Piper Sandler started tracking the stock assigning a Overweight rating and suggested a price target of $25 on November 16, 2021. Seaport Global Securities initiated its recommendation with a Buy and recommended $19 as its price target on February 18, 2021. JP Morgan started tracking with a Neutral rating for this stock on November 10, 2020, and assigned it a price target of $14. In a note dated November 09, 2020, Keefe Bruyette initiated an Outperform rating and provided a target price of $15 on this stock.
Eastern Bankshares Inc. [EBC] stock has fluctuated between $9.93 and $16.01 over the past year. Eastern Bankshares Inc. [NASDAQ: EBC] shares were valued at $13.19 at the most recent close of the market.
Analyzing the EBC fundamentals
Eastern Bankshares Inc. [NASDAQ:EBC] reported sales of 616.90M for the trailing twelve months, which represents a growth of 5.60%. Gross Profit Margin for this corporation currently stands at 0.97% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.08 points at the first support level, and at 12.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.31, and for the 2nd resistance point, it is at 13.42.
Eastern Bankshares Inc. [EBC] reported earnings per share of $0.1 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.2/share, meaning a difference of -$0.1 and a surprise factor of -50.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.32 per share as compared to estimates of $0.28 per share, a difference of $0.04 representing a surprise of 14.30%.
Ratios To Look Out For
For context, Eastern Bankshares Inc.’s Current Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 3.77, the price to book ratio is 0.78 and price to earnings (TTM) ratio is 9.27.
Transactions by insiders
Recent insider trading involved Stager Nancy Huntington, Executive VP, that happened on Dec 01 ’23 when 18465.0 shares were sold. Executive VP, Stager Nancy Huntington completed a deal on Nov 14 ’23 to sell 18465.0 shares. Meanwhile, Executive VP Stager Nancy Huntington sold 18465.0 shares on Oct 12 ’23.
