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Tuesday, December 5, 2023

There’s No Getting Around Eastern Bankshares Inc. (NASDAQ: EBC) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Eastern Bankshares Inc. (EBC) shows that investor sentiment remained same, with the stock’s consolidated last price to $11.51. The Eastern Bankshares Inc. has recorded 22,673 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Eastern Bankshares, Inc. Announces Closing Of Eastern Insurance Group LLC Asset Sale.

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Stocks Info

EBC belongs to the Financial sector of the NASDAQ while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $11.51 and fluctuated between $11.60 as its day high and $11.30 as its day low. The current market capitalization of Eastern Bankshares Inc. is $2.03B. A total of 0.63 million shares were traded on the day, compared to an average of 877.96K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, EBC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 19 SELLs from insiders. Insiders purchased 181,397 shares during that period but sold 119,184.

In the most recent transaction, Stager Nancy Huntington sold 18,465 shares of EBC for 12.07 per share on Oct 12. After the transaction, the Executive VP now owns 7,911 company shares. In a previous transaction on May 15, Jackson Deborah C sold 1,320 shares at 11.21 per share. EBC shares that Director owns now total 76,214.

Among the insiders who sold shares, Harlam Bari A disposed of 1,150 shares on May 15 at a per-share price of $11.21. This resulted in the Director holding 76,097 shares of EBC after the transaction. In another insider transaction, Borgen Luis sold 12,419 shares at $19.21 per share on Nov 30. Company shares held by the Director now total 77,546.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. EBC’s most recent ex-dividend date was 11/30/2023 when it declared a $0.11 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 8/31/2023. The EBC stock dividend was $0.10 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for EBC in the last 3 months, the mean price target is $14.88 with high estimates of $17.00 and low estimates of $13.00. In terms of 52-week highs and lows, EBC has a high of $19.63 and a low of $9.93.

As of this writing, EBC has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.19. The company reported an EPS of $0.28 in the last quarter, which was -6.70% lower than expectations of $0.3.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $13.87, while its Total Shareholder’s Equity was $3.41B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 4.33.

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