The Street Is Finally Waking Up To Eastern Bankshares Inc. (NASDAQ: EBC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Volume reached 13,707 shares, with price reaching a high of $20.27 and a low of $20.27. Earlier, Yahoo Finance discussed this stock as it revealed Eastern Bankshares, Inc. Reports Second Quarter 2022 Financial Results.

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Stocks Info

Eastern Bankshares Inc. is listed on the NASDAQ as a member of the Financial sector and is a part of the Banks – Regional industry. At the end of the last regular session, the stock closed at $20.27 and fluctuated between $20.44 as its day high and $20.12 as its day low. The current market capitalization of Eastern Bankshares Inc. is $3.62B. A total of 0.42 million shares were traded on the day, compared to an average of 731.39K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, EBC has seen 11 BUY and 0 SELL insider trades, representing the acquisition of 31,559 and the disposition of 0 shares. Over the last 12 months, there were 22 BUYs and 4 SELLs from insiders. Insiders purchased 714,615 shares during that period but sold 131,270.

In the most recent transaction, Shell Greg Allen Sr. sold 40,000 shares of EBC for 19.57 per share on May 04. After the transaction, the Director now owns 194,596 company shares. In a previous transaction on Mar 14, Borgen Luis sold 46,270 shares at 20.31 per share. EBC shares that Director owns now total 0.

Among the insiders who sold shares, Harlam Bari A disposed of 17,500 shares on Dec 16 at a per-share price of $20.83. This resulted in the Director holding 74,596 shares of EBC after the transaction. In another insider transaction, Shell Greg Allen Sr. sold 27,500 shares at $21.09 per share on Oct 15. Company shares held by the Director now total 172,500.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Eastern Bankshares Inc. pays an annual dividend of $0.40, resulting in a dividend yield of 1.97%, and it has a price to earnings (P/E) ratio of 21.94. EBC’s most recent ex-dividend date was 09/01/2022 when it declared a $0.10 quarterly dividend that was paid in cash on 09/15/2022. Previously, the company paid the dividend on 06/15/2022 with an ex-dividend date of 06/02/2022. The dividend was $0.10 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for EBC in the last 3 months, the mean price target is $24.30 with high estimates of $28.00 and low estimates of $22.00. In terms of 52-week highs and lows, EBC has a high of $22.35 and a low of $17.98.

As of this writing, EBC has an earnings estimate of $0.34 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.39 per share and a lower estimate of $0.3. The company reported an EPS of $0.32 in the last quarter, which was 10.34% higher than expectations of $0.29.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EBC is Overweight with a score of 4.33. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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