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Eastern Bankshares, Inc. (EBC)

12.09   0.17 (1.43%) 03-24 16:00
Open: 11.73 Pre. Close: 11.92
High: 12.17 Low: 11.59
Volume: 1,265,295 Market Cap: 2,130(M)

Technical analysis

as of: 2023-03-24 4:25:30 PM
Overall:       
Stoxline posted a SELL today, same as yesterday. Downward movement continues.
Target: Six months: 16.61     One year: 18.75
Support: Support1: 11.25    Support2: 9.36
Resistance: Resistance1: 14.22    Resistance2: 16.05
Pivot: 13.17
Moving Average: MA(5): 12.24     MA(20): 13.8
MA(100): 16.86     MA(250): 18.63
MACD: MACD(12,26): -1.1     Signal(9): -1
Stochastic oscillator: %K(14,3): 17.6     %D(3): 21.4
RSI: RSI(14): 33.4
52-week: High: 22.19  Low: 11.25
Average Vol(K): 3-Month: 1,141 (K)  10-Days: 2,791 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ EBC ] has closed above bottom band by 30.7%. Bollinger Bands are 151% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 9 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 12.18 - 12.24 12.24 - 12.3
Low: 11.45 - 11.51 11.51 - 11.57
Close: 11.99 - 12.09 12.09 - 12.19

Company Description

Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. It operates in two segments, Banking Business and Insurance Agency Business. The company provides interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and time certificates of deposits, as well as debit and credit cards. It also offers commercial and industrial loans, commercial real estate and construction loans, small business loans, residential real estate loans, home equity, and lines of credit, as well as other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans. In addition, the company provides cash reserves, cash management, merchant, escrow express, government banking, international banking, interest on lawyers trust accounts, retirement planning, and business telephone banking services, as well as products and services for not-for-profit and healthcare. Further, it offers trust and investment products and services; community development and asset-based lending services; financial planning, portfolio management, wealth management, private banking, and fiduciary products; online, mobile, and telephone banking services; and automated lock box collection and account reconciliation services, as well as various insurance products. As of December 31, 2021, the company operated 105 branch offices in eastern Massachusetts and southern New Hampshire; and 23 non-branch offices in eastern Massachusetts, one office in New Hampshire, and one office in Rhode Island. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.

Headline News

Wed, 22 Mar 2023
Harbour Capital Advisors LLC Purchases Shares of 16520 Eastern ... - MarketBeat

Wed, 22 Mar 2023
Eastern Bankshares Inc. (EBC) Stock: A Closer Look at the Moving ... - The News Heater

Wed, 22 Mar 2023
Security Bancorp (OTCMKTS:SCYT) vs. Eastern Bankshares ... - Defense World

Mon, 20 Mar 2023
Should You Hold Eastern Bankshares Inc (EBC) Stock Monday? - InvestorsObserver

Tue, 14 Mar 2023
Is Eastern Bankshares Inc (EBC) Stock a Bad Value Tuesday? - InvestorsObserver

Fri, 10 Mar 2023
Is Eastern Bankshares Inc (EBC) Stock a Smart Value? - InvestorsObserver

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Financial Services
Industry:  Banks—Regional
Shares Out. 176 (M)
Shares Float 145 (M)
% Held by Insiders 1.2 (%)
% Held by Institutions 64.7 (%)
Shares Short 1,840 (K)
Shares Short P.Month 2,150 (K)

Stock Financials

EPS 1.19
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 15.22
Profit Margin (%) 27.5
Operating Margin (%) 38.4
Return on Assets (ttm) 0.8
Return on Equity (ttm) 6.8
Qtrly Rev. Growth 4.4
Gross Profit (p.s.) 4.12
Sales Per Share 4.12
EBITDA (p.s.) 0
Qtrly Earnings Growth 28.1
Operating Cash Flow 230 (M)
Levered Free Cash Flow 0 (M)

Stock Valuations

PE Ratio 10.15
PEG Ratio 0
Price to Book value 0.79
Price to Sales 2.93
Price to Cash Flow 9.26

Stock Dividends

Dividend 0.1
Forward Dividend 0
Dividend Yield 0.8%
Dividend Pay Date 2021-12-14
Ex-Dividend Date 2021-12-01
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