Eastern Bankshares Inc (NASDAQ:EBC) does about 1.44M shares in volume on a normal day but saw 1294424 shares change hands in the recent trading day. The company now has a market cap of 3.15B USD. Its current market price is $14.93, marking an increase of 2.54% compared to the previous close of $14.56. The 52 week high reached by this stock is $19.40 whilst the lowest price level in 52 weeks is $12.66.
The consensus objective for the share price is $19.25, suggesting that the stock has a potential upside of 22.44% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 06, 2024 when JP Morgan resumed the stock to “Neutral” and issued a price target of between $14 and $18.50. JP Morgan downgraded its price target at $19.50-$15.
The current price level is -1.45%, -1.44%, and -10.75% away from its SMA20, SMA50, and SMA200 respectively, with the EBC price moving above the 50-day SMA on current market day. Eastern Bankshares Inc (EBC) stock is down -0.47% over the week and -0.73% over the past month. Its price is -13.45% year-to-date and 12.34% over the past year.
To reach the target analysts have set, the stock logically needs to grow 22.44 percent from here.
Outstanding shares total 211.56M with insiders holding 1.22% of the shares and institutional holders owning 76.06% of the company’s common stock. The company has a return on investment of -3.67% and return on equity of -4.18%. The forward price to earnings ratio is 7.80. The beta has a value of 0.96. Price to book ratio is 0.88 and price to sales ratio is 3.63.
