There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Eastern Bankshares Inc. (EBC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.45, or -4.13%, to $10.45. The Eastern Bankshares Inc. has recorded 40,659 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Eastern Bankshares, Inc. Reports First Quarter 2023 Financial Results.
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As a NASDAQ listed company, EBC falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $10.90 and fluctuated between $11.06 as its day high and $10.58 as its day low. The current market capitalization of Eastern Bankshares Inc. is $1.87B. A total of 2.1 million shares were traded on the day, compared to an average of 1.26M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, EBC has seen 13 BUY and 13 SELL insider trades, representing the acquisition of 119,345 and the disposition of 37,250 shares. Over the last 12 months, there were 24 BUYs and 20 SELLs from insiders. Insiders purchased 150,904 shares during that period but sold 168,158.
In the most recent transaction, Borgen Luis sold 12,419 shares of EBC for 19.21 per share on Nov 30. After the transaction, the Director now owns 77,546 company shares. In a previous transaction on Nov 30, Jackson Deborah C sold 5,713 shares at 19.21 per share. EBC shares that Director owns now total 72,752.
Among the insiders who sold shares, Harlam Bari A disposed of 5,000 shares on Nov 30 at a per-share price of $19.21. This resulted in the Director holding 72,465 shares of EBC after the transaction. In another insider transaction, Shell Greg Allen Sr. sold 2,500 shares at $18.82 per share on Nov 11. Company shares held by the Director now total 170,965.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. EBC’s most recent ex-dividend date was 6/1/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 6/15/2023. Previously, the company paid the dividend on 3/15/2023 with an ex-dividend date of 3/2/2023. The EBC stock dividend was $0.10 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for EBC in the last 3 months, the mean price target is $13.13 with high estimates of $15.00 and low estimates of $12.00. In terms of 52-week highs and lows, EBC has a high of $21.54 and a low of $9.93.
As of this writing, EBC has an earnings estimate of $0.32 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.35 per share and a lower estimate of $0.28. The company reported an EPS of $0.31 in the last quarter, which was -8.80% lower than expectations of $0.34.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $15.26, while its Total Shareholder’s Equity was $3.41B.
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. Currently, 0 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 Buy with a score of 3.00.