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How to buy Eastern Bankshares stock | $17.79
Own Eastern Bankshares stock in just a few minutes.
Fact checked
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.
How to buy shares in Eastern Bankshares
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Eastern Bankshares. Find the stock by name or ticker symbol: EBC. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Eastern Bankshares reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of USD$17.79, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Eastern Bankshares, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Eastern Bankshares. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
Eastern Bankshares share price
Use our graph to track the performance of EBC stocks over time.Eastern Bankshares shares at a glance
Information last updated 2021-03-05.
| Open | USD$18.12 |
|---|---|
| High | USD$18.27 |
| Low | USD$17.63 |
| Close | USD$17.79 |
| Previous close | USD$17.88 |
| Change | USD$-0.09 |
| Change % | -0.5034% |
| Volume | 370,442 |
Information last updated 2021-03-03.
| 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 |
| PE ratio | 30.2404 |
| Dividend yield | USD$0.24 (1.35%) |
| Earnings per share (TTM) | N/A |
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Is it a good time to buy Eastern Bankshares stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Is Eastern Bankshares under- or over-valued?
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 P/E ratio
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.
- Oregon Bancorp (ORBN.US): 4.21
- Thomasville Bancshares (THVB.US): 39.86
- Unity Bancorp (UNTY.US): 9.44
- Ames National Corporation (ATLO.US): 11.25
- Coastal Financial Corporation (CCB.US): 23.64
Eastern Bankshares financials
| 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% |
| Profit margin | 4.2% |
| Book value | N/A |
| Market capitalisation | USD$3.4 billion |
TTM: trailing 12 months
Shorting Eastern Bankshares shares
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)
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.
- Unity Bancorp (UNTY.US): 3.07
- Ames National Corporation (ATLO.US): 8.23
- Coastal Financial Corporation (CCB.US): 7.4
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.
Eastern Bankshares share dividends
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.
- Oregon Bancorp (ORBN.US): 36.25%
- Thomasville Bancshares (THVB.US): 50.78%
- Unity Bancorp (UNTY.US): 14.61%
- Ames National Corporation (ATLO.US): 59.64%
- Coastal Financial Corporation (CCB.US): 0.00% (does not pay dividend)
Eastern Bankshares overview
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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