While Eastern Bankshares Inc. has overperformed by 0.48%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EBC rose by 2.84%, with highs and lows ranging from $15.07 to $9.93, whereas the simple moving average fell by -3.51% in the last 200 days.
On September 12, 2023, Seaport Research Partners started tracking Eastern Bankshares Inc. (NASDAQ: EBC) recommending Buy. A report published by JP Morgan on January 31, 2023, Downgraded its rating to ‘Underweight’ for EBC. Janney also Downgraded EBC shares as ‘Neutral’, setting a target price of $17 on the company’s shares in a report dated January 30, 2023. Piper Sandler Initiated an Overweight rating on November 16, 2021, and assigned a price target of $25. Seaport Global Securities initiated its ‘Buy’ rating for EBC, as published in its report on February 18, 2021. JP Morgan’s report from November 10, 2020 suggests a price prediction of $14 for EBC shares, giving the stock a ‘Neutral’ rating. Keefe Bruyette also rated the stock as ‘Outperform’.
Analysis of Eastern Bankshares Inc. (EBC)
It’s important to note that EBC shareholders are currently getting $0.42 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 5.60%, showing a positive trend in the upcoming months.
Eastern Bankshares Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -1.85% is sufficient for you to turn a profit off your investment.
For any stock, average volume can be an extremely valuable indicator of volatility, and EBC is registering an average volume of 1.00M. On a monthly basis, the volatility of the stock is set at 2.94%, whereas on a weekly basis, it is put at 3.05%, with a loss of -3.35% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.50, showing growth from the present price of $12.68, 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?
A giant in the Banks – Regional market, Eastern Bankshares Inc. (EBC) is 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 8.91, there is a growth in quarterly earnings of 651.07%.
Besides checking the fundamentals, you should also know how many employees own shares in 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 9.81%. 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 63.52% 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 63.52% at present.
