Eastern Bankshares Inc. (NASDAQ:EBC) went up by 0.11% from its latest closing price compared to the recent 1-year high of $18.01. The company’s stock price has collected 7.66% of gains in the last five trading sessions. Press Release reported on 02/04/21 that Eastern Bank Earns 100 For 8th Consecutive Year in Human Rights Campaign Foundation’s 2021 Corporate Equality Index
Is It Worth Investing in Eastern Bankshares Inc. (NASDAQ :EBC) Right Now?
Eastern Bankshares Inc. (NASDAQ:EBC) scored a price-to-earnings ratio above its average ratio, recording 239.73 x from its present earnings ratio. Opinions of the stock are interesting as 4 analysts out of 5 who provided ratings for Eastern Bankshares Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $18.70, which is $0.72 above the current price. EBC currently public float of 170.29M and currently shorts hold a 2.48% ratio of that float. Today, the average trading volume of EBC was 1.82M shares.
EBC’s Market Performance
EBC stocks went up by 7.66% for the week, with a monthly jump of 11.19% and a quarterly performance of 24.09%. The volatility ratio for the week stands at 3.17% while the volatility levels for the past 30 days are set at 2.16% for Eastern Bankshares Inc.. The simple moving average for the period of the last 20 days is 8.80% for EBC stocks with a simple moving average of 19.06% for the last 200 days.
Analysts’ Opinion of EBC
Many brokerage firms have already submitted their reports for EBC stocks, with Seaport Global Securities repeating the rating for EBC by listing it as a “Buy.” The predicted price for EBC in the upcoming period, according to Seaport Global Securities is $19 based on the research report published on February 18th of the current year 2021.
JP Morgan, on the other hand, stated in their research note that they expect to see EBC reach a price target of $14. The rating they have provided for EBC stocks is “Neutral” according to the report published on November 10th, 2020.
Keefe Bruyette gave a rating of “Outperform” to EBC, setting the target price at $15 in the report published on November 09th of the previous year.
EBC Trading at 9.73% from the 50-Day Moving Average
After a stumble in the market that brought EBC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.17% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares surge +12.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.06% upper at present.
During the last 5 trading sessions, EBC rose by +7.66%, in comparison to the 20-day moving average, which settled at $16.62. In addition, Eastern Bankshares Inc. saw 10.24% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for EBC
Current profitability levels for the company are sitting at:
- +6.05 for the present operating margin
The net margin for Eastern Bankshares Inc. stands at +3.83. The total capital return value is set at 1.36, while invested capital returns managed to touch 0.89.
Based on Eastern Bankshares Inc. (EBC), the company’s capital structure generated 0.82 points at debt to equity in total, while total debt to capital is 0.81. Total debt to assets is 0.18, with long-term debt to equity ratio resting at 0.82. Finally, the long-term debt to capital ratio is 0.81.
When we switch over and look at the enterprise to sales, we see a ratio of 4.58, with the company’s debt to enterprise value settled at 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.27.