While Eastern Bankshares Inc has underperformed by -0.59%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EBC rose by 48.31%, with highs and lows ranging from $19.15 to $11.86, whereas the simple moving average jumped by 25.19% in the last 200 days.
On August 06, 2024, JP Morgan started tracking Eastern Bankshares Inc (NASDAQ: EBC) recommending Neutral. A report published by Seaport Research Partners on September 12, 2023, Initiated its previous ‘Buy’ rating for EBC. JP Morgan also Downgraded EBC shares as ‘Underweight’, setting a target price of $15 on the company’s shares in a report dated January 31, 2023. Piper Sandler initiated its ‘Overweight’ rating for EBC, as published in its report on November 16, 2021. Seaport Global Securities’s report from February 18, 2021 suggests a price prediction of $19 for EBC shares, giving the stock a ‘Buy’ rating. JP Morgan also rated the stock as ‘Neutral’.
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Analysis of Eastern Bankshares Inc (EBC)
Investors in Eastern Bankshares Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.44 per share. Further, the quarter-over-quarter increase in sales is 36.45%, showing a positive trend in the upcoming months.
One of the most important indicators of Eastern Bankshares Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 2.95% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and EBC is recording 996.45K average volume. On a monthly basis, the volatility of the stock is set at 3.16%, whereas on a weekly basis, it is put at 3.10%, with a gain of 0.93% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.50, showing growth from the present price of $18.45, which can serve as yet another indication of whether EBC is worth investing in or should be passed over.
How Do You Analyze Eastern Bankshares Inc Shares?
The Banks – Regional market is dominated by Eastern Bankshares Inc (EBC) based in the USA. When comparing Eastern Bankshares Inc shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.94, there is a growth in quarterly earnings of -108.66%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 8.05%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 66.41% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
EBC shares are owned by institutional investors to the tune of 66.41% at present.
