Is Eastern Bankshares Inc. (NASDAQ: EBC) No Longer A Good Investment?

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. Most recently, Yahoo Finance reported about the stock as it publicized that Eastern Bankshares, Inc. Announces Fourth Quarter 2023 Earnings Release Date, Conference Call and Webcast.

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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 $14.23 and fluctuated between $14.23 as its day high and $13.89 as its day low. The current market capitalization of Eastern Bankshares Inc. is $2.48B. A total of 0.57 million shares were traded on the day, compared to an average of 832.14K 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 2 SELL insider trades, representing the acquisition of 0 and the disposition of 18,465 shares. Over the last 12 months, there were 20 BUYs and 14 SELLs from insiders. Insiders purchased 143,448 shares during that period but sold 50,644.

In the most recent transaction, Stager Nancy Huntington sold 18,465 shares of EBC for 12.08 per share on Dec 01. After the transaction, the Executive VP now owns 493 company shares. In a previous transaction on Nov 14, Stager Nancy Huntington sold 18,465 shares at 12.06 per share. EBC shares that Executive VP owns now total 4,202.

Among the insiders who sold shares, Stager Nancy Huntington disposed of 18,465 shares on Oct 12 at a per-share price of $12.07. This resulted in the Executive VP holding 7,911 shares of EBC after the transaction. In another insider transaction, Buscone Gregory Paul sold 40,852 shares at $13.60 per share on Aug 17. Company shares held by the insider now total 12,070.

Dividend

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. In terms of 52-week highs and lows, EBC has a high of $17.90 and a low of $9.93.

As of this writing, EBC has an earnings estimate of $Ecopetrol S.A. per share for the current quarter. EPS was calculated based on a consensus of EZBC estimates, with a high estimate of $Ellington Financial Inc. per share and a lower estimate of $Exelon Corporation.

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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