What is Eastern Bankshares Inc. (EBC) Stock Return on Shareholders’ Capital?

Eastern Bankshares Inc. (NASDAQ: EBC) stock jumped 0.60% on Tuesday to $11.83 against a previous-day closing price of $11.76. With 0.82 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.33 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $12.20 whereas the lowest price it dropped to was $11.66. The 52-week range on EBC shows that it touched its highest point at $21.54 and its lowest point at $9.93 during that stretch. It currently has a 1-year price target of $14.00. With its current market cap of 2.16 billion, EBC has annualized dividend of $0.40 while the current yield stands at 3.38%.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EBC was up-trending over the past week, with a rise of 4.78%, but this was up by 2.25% over a month. Three-month performance dropped to -25.60% while six-month performance fell -37.27%. The stock lost -36.94% in the past year, while it has lost -31.42% so far this year. A look at the trailing 12-month EPS for EBC yields -0.30 with Next year EPS estimates of 1.32. For the next quarter, that number is 0.32. This implies an EPS growth rate of 34.30% for this year and 1.61% for next year.

Float and Shares Shorts:

At present, 176.33 million EBC shares are outstanding with a float of 174.17 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.48 million, which was 1.41% higher than short shares on Mar 30, 2023. In addition to Mr. Robert F. Rivers as the firm’s Chairman & CEO, Mr. Quincy L. Miller serves as its Pres.

Institutional Ownership:

Through their ownership of 64.04% of EBC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.96% of EBC, in contrast to 34.04% held by mutual funds. Shares owned by individuals account for 21.51%. As the largest shareholder in EBC with 8.68% of the stake, The Vanguard Group, Inc. holds 15,295,853 shares worth 15,295,853. A second-largest stockholder of EBC, BlackRock Fund Advisors, holds 10,257,545 shares, controlling over 5.82% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in EBC, holding 7,228,465 shares or 4.10% stake. With a 3.33% stake in EBC, the Fidelity Small Cap Value Fund is the largest stakeholder. A total of 5,870,100 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.77% of EBC stock, is the second-largest Mutual Fund holder. It holds 4,882,486 shares valued at 56.88 million. T Rowe Price Small Cap Value Fund holds 2.66% of the stake in EBC, owning 4,689,826 shares worth 54.64 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EBC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EBC analysts setting a high price target of $15.00 and a low target of $12.00, the average target price over the next 12 months is $13.13. Based on these targets, EBC could surge 26.8% to reach the target high and rise by 1.44% to reach the target low. Reaching the average price target will result in a growth of 10.99% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Dividends & Yield:

In terms of dividends, EBC has a current ratio of $0.4, which is $0.4 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and EBC currently yields $3.38. In the past year, EBC’s dividend yield has been $3.38. Accordingly, EBC has a current buyback yield of $6.76. This was $6.76 for the TTM.

Summary of Insider Activity:

Insiders traded EBC stock several times over the past three months with 11 Buys and 11 Sells. In these transactions, 100,371 shares were bought while 31,421 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 100,371 while 162,329 shares were sold.

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