At the time of writing, Eastern Bankshares Inc. [EBC] stock is trading at $16.73, up 0.54%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EBC shares have gain 5.42% over the last week, with a monthly amount drifted -0.89%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Seaport Research Partners started tracking the stock with Buy rating on September 12, 2023, and set its price target to $16. On January 31, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $15 on the stock. Janney downgraded its rating to a Neutral but stick to its price target of $17 on January 30, 2023. Piper Sandler initiated its recommendation with a Overweight and recommended $25 as its price target on November 16, 2021. Seaport Global Securities started tracking with a Buy rating for this stock on February 18, 2021, and assigned it a price target of $19. In a note dated November 10, 2020, JP Morgan initiated an Neutral rating and provided a target price of $14 on this stock.
For the past year, the stock price of Eastern Bankshares Inc. fluctuated between $10.65 and $17.26. Eastern Bankshares Inc. [NASDAQ: EBC] shares were valued at $16.73 at the most recent close of the market.
Analyzing the EBC fundamentals
According to Eastern Bankshares Inc. [NASDAQ:EBC], the company’s sales were 912.29M for trailing twelve months, which represents an -8.86% plunge. Gross Profit Margin for this corporation currently stands at 0.94% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.45%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.13 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 16.63 points at the first support level, and at 16.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.87, and for the 2nd resistance point, it is at 17.02.
Ratios To Look Out For
It is important to note that Eastern Bankshares Inc. [NASDAQ:EBC] has a current ratio of 0.07. Considering the valuation of this stock, the price to sales ratio is 3.95, the price to book ratio is 1.00 and price to earnings (TTM) ratio is 6.15.
Transactions by insiders
Recent insider trading involved Palandjian Leon Aghababai, Director, that happened on Aug 21 ’24 when 5000.0 shares were purchased. Director, Borgen Luis completed a deal on May 15 ’24 to sell 4782.0 shares. Meanwhile, Director Harlam Bari A sold 1913.0 shares on May 15 ’24.
