An analyst sees good growth prospects for Eastern Bankshares Inc. (EBC)

With 1.19 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.76 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $14.4 whereas the lowest price it dropped to was $13.679. The 52-week range on EBC shows that it touched its highest point at $15.07 and its lowest point at $10.65 during that stretch. It currently has a 1-year price target of $16.50. With its current market cap of 2.54 billion, EBC has annualized dividend of $0.43 while the current yield stands at 2.99%. Beta for the stock currently stands at 0.89.

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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 1.48%, but this was up by 10.11% over a month. Three-month performance surged to 7.72% while six-month performance rose 0.49%. The stock gained 15.22% in the past year, while it has gained 1.27% so far this year. A look at the trailing 12-month EPS for EBC yields 2.86 with Next year EPS estimates of 1.49. For the next quarter, that number is 0.22. This implies an EPS growth rate of 16.41% for this year and 27.68% for next year.

Float and Shares Shorts:

At present, 176.43 million EBC shares are outstanding with a float of 159.37 million shares on hand for trading. On 2024-06-14, short shares totaled 5.75 million, which was 325.0 higher than short shares on 1715731200. In addition to Mr. Robert F. Rivers as the firm’s Chairman & CEO, Mr. Quincy L. Miller serves as its President.

Institutional Ownership:

Through their ownership of 0.7513 of EBC’s outstanding shares, institutional investors have minority control over the company.

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.