Eastern Bankshares Inc. (EBC) Beta Value: Understanding the Market Risk

The price-to-earnings ratio for Eastern Bankshares Inc. (NASDAQ: EBC) is above average at 9.16x. The 36-month beta value for EBC is also noteworthy at 0.86. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for EBC is 159.11M, and at present, short sellers hold a 2.93% of that float. The average trading volume of EBC on April 04, 2024 was 973.55K shares.

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EBC) stock’s latest price update

The stock of Eastern Bankshares Inc. (NASDAQ: EBC) has decreased by -1.14 when compared to last closing price of 13.18. Despite this, the company has experienced a -1.29% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-01-26 that Eastern Bankshares, Inc. (EBC) Q4 2023 Earnings Call Transcript

EBC’s Market Performance

EBC’s stock has fallen by -1.29% in the past week, with a monthly rise of 2.52% and a quarterly drop of -7.33%. The volatility ratio for the week is 2.32% while the volatility levels for the last 30 days are 2.95% for Eastern Bankshares Inc. The simple moving average for the past 20 days is -1.90% for EBC’s stock, with a -0.70% simple moving average for the past 200 days.

Analysts’ Opinion of EBC

Many brokerage firms have already submitted their reports for EBC stocks, with Seaport Research Partners repeating the rating for EBC by listing it as a “Buy.” The predicted price for EBC in the upcoming period, according to Seaport Research Partners is $16 based on the research report published on September 12, 2023 of the previous year 2023.

JP Morgan, on the other hand, stated in their research note that they expect to see EBC reach a price target of $15, previously predicting the price at $19.50. The rating they have provided for EBC stocks is “Underweight” according to the report published on January 31st, 2023.

Janney gave a rating of “Neutral” to EBC, setting the target price at $17 in the report published on January 30th of the previous year.

EBC Trading at -3.40% 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 -13.54% of loss for the given period.

Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 2.32%, as shares sank -0.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.43% lower at present.

During the last 5 trading sessions, EBC fell by -1.29%, which changed the moving average for the period of 200-days by -0.15% in comparison to the 20-day moving average, which settled at $13.28. In addition, Eastern Bankshares Inc. saw -8.24% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at EBC starting from Borgen Luis, who sale 40,288 shares at the price of $13.08 back on Mar 18 ’24. After this action, Borgen Luis now owns 42,040 shares of Eastern Bankshares Inc., valued at $526,967 using the latest closing price.

Jackson Deborah C, the Director of Eastern Bankshares Inc., sale 5,713 shares at $13.08 during a trade that took place back on Mar 18 ’24, which means that Jackson Deborah C is holding 70,501 shares at $74,726 based on the most recent closing price.

Stock Fundamentals for EBC

Current profitability levels for the company are sitting at:

  • 0.22 for the present operating margin
  • 0.97 for the gross margin

The net margin for Eastern Bankshares Inc. stands at 0.18. The total capital return value is set at 0.02. Equity return is now at value -1.85, with -0.23 for asset returns.

Based on Eastern Bankshares Inc. (EBC), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 5.42. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 1.12.

Currently, EBITDA for the company is -62.69 million with net debt to EBITDA at -3.2. When we switch over and look at the enterprise to sales, we see a ratio of 1.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.

Conclusion

In summary, Eastern Bankshares Inc. (EBC) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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