Eastern Bankshares Inc. [NASDAQ: EBC] price plunged by -0.53 percent to reach at -$0.07.
The one-year EBC stock forecast points to a potential upside of 20.18. The average equity rating for EBC stock is currently 1.50, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Eastern Bankshares Inc. [EBC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EBC shares is $16.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EBC stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Seaport Research Partners have made an estimate for Eastern Bankshares Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 12, 2023. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $19.50 to $15. The new note on the price target was released on January 31, 2023, representing the official price target for Eastern Bankshares Inc. stock. Previously, the target price had yet another raise to $17, while Janney analysts kept a Neutral rating on EBC stock.
The Average True Range (ATR) for Eastern Bankshares Inc. is set at 0.33, with the Price to Sales ratio for EBC stock in the period of the last 12 months amounting to 2.49. The Price to Book ratio for the last quarter was 0.79. Price to Free Cash Flow for EBC in the course of the last twelve months was 5.08.
EBC Stock Performance Analysis:
Eastern Bankshares Inc. [EBC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.75. With this latest performance, EBC shares dropped by -5.93% in over the last four-week period, additionally plugging by 3.21% over the last 6 months – not to mention a rise of 0.38% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EBC stock in for the last two-week period is set at 45.06, with the RSI for the last a single of trading hit 43.91, and the three-weeks RSI is set at 46.62 for Eastern Bankshares Inc. [EBC]. The present Moving Average for the last 50 days of trading for this stock 13.29, while it was recorded at 13.04 for the last single week of trading, and 13.11 for the last 200 days.
Insight into Eastern Bankshares Inc. Fundamentals:
Eastern Bankshares Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.07.
Eastern Bankshares Inc. [EBC] Institutonal Ownership Details
The top three institutional holders of EBC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in EBC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in EBC stock with ownership which is approximately 5.8386%.
