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Eastern Bankshares, Inc (EBC) is a leading banks-regional business based in the US. It opened the day at USD$18.12 after a previous close of USD$17.88. During the day the price has varied from a low of USD$17.63 to a high of USD$18.27. The latest price was USD$17.79 (25 minute delay). Eastern Bankshares is listed on the NASDAQ and employs 1,800 staff. All prices are listed in US Dollars.
|52-week range||USD$11.74 - USD$18.3|
|50-day moving average||USD$16.6171|
|200-day moving average||USD$15.2187|
|Wall St. target price||USD$18.7|
|Dividend yield||USD$0.24 (1.35%)|
|Earnings per share (TTM)||N/A|
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Valuing Eastern Bankshares stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Eastern Bankshares's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Eastern Bankshares's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 30x. In other words, Eastern Bankshares shares trade at around 30x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
However, Eastern Bankshares's P/E ratio is best considered in relation to those of others within the banks-regional industry or those of similar companies.
|Revenue TTM||USD$540.8 million|
|Operating margin TTM||25.47%|
|Gross profit TTM||USD$540.8 million|
|Return on assets TTM||0.17%|
|Return on equity TTM||0.9%|
|Market capitalisation||USD$3.4 billion|
TTM: trailing 12 months
There are currently 4.2 million Eastern Bankshares shares held short by investors – that's known as Eastern Bankshares's "short interest". This figure is 0.4% up from 4.2 million last month.
There are a few different ways that this level of interest in shorting Eastern Bankshares shares can be evaluated.
Eastern Bankshares's "short interest ratio" (SIR) is the quantity of Eastern Bankshares shares currently shorted divided by the average quantity of Eastern Bankshares shares traded daily (recently around 846592.78557114). Eastern Bankshares's SIR currently stands at 4.99. In other words for every 100,000 Eastern Bankshares shares traded daily on the market, roughly 4990 shares are currently held short.
To gain some more context, you can compare Eastern Bankshares's short interest ratio against those of similar companies.
However Eastern Bankshares's short interest can also be evaluated against the total number of Eastern Bankshares shares, or, against the total number of tradable Eastern Bankshares shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Eastern Bankshares's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Eastern Bankshares shares in existence, roughly 20 shares are currently held short) or 0.0229% of the tradable shares (for every 100,000 tradable Eastern Bankshares shares, roughly 23 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Eastern Bankshares.
Find out more about how you can short Eastern Bankshares stock.
Dividend payout ratio: 17.14% of net profits
Recently Eastern Bankshares has paid out, on average, around 17.14% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.35% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Eastern Bankshares shareholders could enjoy a 1.35% return on their shares, in the form of dividend payments. In Eastern Bankshares's case, that would currently equate to about $0.24 per share.
While Eastern Bankshares's payout ratio might seem low, this can signify that Eastern Bankshares is investing more in its future growth.
Eastern Bankshares's most recent dividend payout was on 15 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 2 March 2021 (the "ex-dividend date").
Eastern Bankshares's dividend payout ratio is perhaps best considered in relation to those of similar companies.
Eastern Bankshares, Inc. provides commercial banking products and services primarily to retail, commercial, and small business customers. The company offers interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and certificates of deposits. It also offers commercial and industrial loans, commercial real estate and construction loans, business banking loans, residential real estate loans, and home equity and other consumer loans. Its personal banking products and services also include debit and credit cards; mortgage and personal loans; personal and cash reserve lines of credit; auto and student loans; retirement planning products and services; and online learning services in the areas of finance. The company's business banking products and services also include preferred term loans, small business administration loans, lines of credit, cash reserves, cash management, merchant services, escrow express service, correspondent and government banking, international banking, interest on lawyers trust accounts services, products and services for not-for-profit and healthcare, and business telephone banking. In addition, 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 and retirement products and services; and treasury management, electronic banking, interest rate protection, and foreign exchange products and services. Further, the company acts as an independent insurance agent and offers commercial, personal, and employee benefits insurance products to individual and commercial clients. It operates through 89 banking offices located in eastern Massachusetts and southern and coastal New Hampshire. Eastern Bankshares, Inc. was formerly known as Eastern Bank Corporation. The company was founded in 1818 and is headquartered in Boston, Massachusetts.
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