Eastern Bankshares Inc. (EBC) Is Not Likely To Be The Same Tomorrow

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Eastern Bank Announces DPV Transportation (DPV) As A Commercial Banking Customer.

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Stocks Info

Eastern Bankshares Inc. is listed on the NASDAQ in the Financial sector while operating in the Banks – Regional industry. The current market capitalization of Eastern Bankshares Inc. is $2.34B. A total of 0.74 million shares were traded on the day, compared to an average of 876.10K shares.

In the most recent transaction, Stager Nancy Huntington sold 18,465 shares of EBC for 12.08 per share on Dec 01 ’23. After the transaction, the Executive VP now owns 493 company shares. In a previous transaction on Nov 14 ’23, 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 ’23 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 ’23. Company shares held by the insider now total 12,070.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Eastern Bankshares Inc. pays an annual dividend of $0.42, resulting in a dividend yield of 3.17%, and it has a price to earnings (P/E) ratio of 9.31. EBC’s most recent ex-dividend date was 2/29/2024 when it declared a $0.11 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The EBC stock dividend was $0.11 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, EBC has a high of $15.44 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 4 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.19. The company reported an EPS of $0.32 in the last quarter, which was 14.30% higher than expectations of $0.28.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $16.86, while its Total Shareholder’s Equity was $3.41B.

Analysts Opinion

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. 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 4.25.

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