With 0.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.0 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $19.09 whereas the lowest price it dropped to was $18.57. The 52-week range on EBC shows that it touched its highest point at $19.15 and its lowest point at $11.30 during that stretch. It currently has a 1-year price target of $18.50. With its current market cap of 3.99 billion, EBC has annualized dividend of $0.44 while the current yield stands at 2.37%. Beta for the stock currently stands at 0.92.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EBC was down-trending over the past week, with a drop of -1.06%, but this was up by 10.00% over a month. Three-month performance surged to 21.19% while six-month performance rose 31.84%. The stock gained 61.51% in the past year, while it has gained 30.92% so far this year. A look at the trailing 12-month EPS for EBC yields 2.32 with Next year EPS estimates of 1.30. For the next quarter, that number is 0.29. This implies an EPS growth rate of -1.83% for this year and 32.82% for next year.
Float and Shares Shorts:
At present, 214.66 million EBC shares are outstanding with a float of 197.38 million shares on hand for trading. On 2024-10-31, short shares totaled 3.8 million, which was 191.0 higher than short shares on 1727654400. In addition to Mr. Robert F. Rivers as the firm’s Executive Chairman of the Board, Mr. Quincy L. Miller serves as its President & COO.
Institutional Ownership:
Through their ownership of 0.67061996 of EBC’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With EBC analysts setting a high price target of 19.0 and a low target of 17.0, the average target price over the next 12 months is 18.5. Based on these targets, EBC could surge 2.21% to reach the target high and fall by -8.55% to reach the target low. Reaching the average price target will result in a decline of -0.48% from current levels.
Analysts have provided yearly estimates in a range of $1.01258 being high and $0.95242 being low. For EBC, this leads to a yearly average estimate of $0.9825. The surprise factor in the prior quarter was $0.22. Based on analyst estimates, the high estimate for the next quarter is $0.31 and the low estimate is $0.29. The average estimate for the next quarter is thus $0.3.
