Is Eastern Bankshares Stock a Good Investment?
Eastern Bankshares Investment Advice | EBC |
- Examine Eastern Bankshares' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Eastern Bankshares' leadership team and their track record. Good management can help Eastern Bankshares navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Regional Banks space and any emerging trends that could impact Eastern Bankshares' business and its evolving consumer preferences.
- Compare Eastern Bankshares' performance and market position to its competitors. Analyze how Eastern Bankshares is positioned in terms of product offerings, innovation, and market share.
- Check if Eastern Bankshares pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Eastern Bankshares' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Eastern Bankshares stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Eastern Bankshares is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Modest | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Eastern Bankshares Stock
Researching Eastern Bankshares' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 74.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.01. Some equities with similar Price to Book (P/B) outperform the market in the long run. Eastern Bankshares last dividend was issued on the 3rd of December 2024.
To determine if Eastern Bankshares is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Eastern Bankshares' research are outlined below:
| The company reported the last year's revenue of 796.46 M. Reported Net Loss for the year was (62.69 M) with profit before taxes, overhead, and interest of 726.29 M. | |
| Eastern Bankshares has a poor financial position based on the latest SEC disclosures | |
| About 74.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Novartis Kisqali receives European Commission approval in a broad population of patients with HRHER2- early breast cancer at high risk of recurrence |
Eastern Bankshares Quarterly Liabilities And Stockholders Equity |
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Eastern Bankshares uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Eastern Bankshares. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Eastern Bankshares' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 25th of April 2024 Upcoming Quarterly Report | View | |
| 25th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 23rd of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Eastern Bankshares' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Eastern Bankshares' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2021-01-28 | 2020-12-31 | 0.16 | 0.18 | 0.02 | 12 | ||
2024-04-25 | 2024-03-31 | 0.2 | 0.23 | 0.03 | 15 | ||
2022-07-28 | 2022-06-30 | 0.29 | 0.32 | 0.03 | 10 | ||
2020-11-16 | 2020-09-30 | 0.14 | 0.17 | 0.03 | 21 | ||
2023-10-26 | 2023-09-30 | 0.28 | 0.32 | 0.04 | 14 | ||
2022-10-27 | 2022-09-30 | 0.37 | 0.33 | -0.04 | 10 | ||
2022-04-28 | 2022-03-31 | 0.27 | 0.32 | 0.05 | 18 | ||
2023-04-27 | 2023-03-31 | 0.32 | 0.38 | 0.06 | 18 |
Know Eastern Bankshares' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Eastern Bankshares is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Eastern Bankshares backward and forwards among themselves. Eastern Bankshares' institutional investor refers to the entity that pools money to purchase Eastern Bankshares' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Wellington Management Company Llp | 2024-06-30 | 3.1 M | William Blair Investment Management, Llc | 2024-09-30 | 2.4 M | Massachusetts Financial Services Company | 2024-09-30 | 2.3 M | Goldman Sachs Group Inc | 2024-06-30 | 2.1 M | Charles Schwab Investment Management Inc | 2024-09-30 | 2 M | Northern Trust Corp | 2024-09-30 | 1.8 M | Systematic Financial Management Lp | 2024-09-30 | 1.7 M | Jpmorgan Chase & Co | 2024-06-30 | 1.5 M | Eastern Bank | 2024-09-30 | 1.5 M | Vanguard Group Inc | 2024-09-30 | 20 M | Fmr Inc | 2024-09-30 | 18.4 M |
Eastern Bankshares' market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 3.72 B.Market Cap |
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Eastern Bankshares' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.08 | 0.07 |
Determining Eastern Bankshares' profitability involves analyzing its financial statements and using various financial metrics to determine if Eastern Bankshares is a good buy. For example, gross profit margin measures Eastern Bankshares' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Eastern Bankshares' profitability and make more informed investment decisions.
Please note, the presentation of Eastern Bankshares' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Eastern Bankshares' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Eastern Bankshares' management manipulating its earnings.
Evaluate Eastern Bankshares' management efficiency
As of November 30, 2024, Return On Tangible Assets is expected to decline to 0.01. The current year's Return On Capital Employed is expected to grow to -0.0032. At present, Eastern Bankshares' Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Intangible Assets is expected to grow to about 13.9 M, whereas Net Tangible Assets are forecasted to decline to about 1.7 B. Eastern Bankshares' management efficiency ratios could be used to measure how well Eastern Bankshares manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 18.33 | 17.41 | |
| Tangible Book Value Per Share | 14.84 | 14.10 | |
| Enterprise Value Over EBITDA | 15.06 | 13.88 | |
| Price Book Value Ratio | 0.77 | 1.31 | |
| Enterprise Value Multiple | 15.06 | 13.88 | |
| Price Fair Value | 0.77 | 1.31 | |
| Enterprise Value | 3.1 B | 1.8 B |
Eastern Bankshares' management has consistently demonstrated strong leadership, driving both financial growth and operational excellence. By analyzing current market trends and future growth opportunities, we assess the stock's true value and potential for investors.
Dividend Yield 0.0258 | Forward Dividend Yield 0.0258 | Forward Dividend Rate 0.48 | Beta 0.883 |
Basic technical analysis of Eastern Stock
As of the 30th of November, Eastern Bankshares shows the Coefficient Of Variation of 1178.88, mean deviation of 1.38, and Downside Deviation of 1.84. Eastern Bankshares technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.Eastern Bankshares' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Eastern Bankshares insiders, such as employees or executives, is commonly permitted as long as it does not rely on Eastern Bankshares' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Eastern Bankshares insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Eastern Bankshares' Outstanding Corporate Bonds
Eastern Bankshares issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Eastern Bankshares uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Eastern bonds can be classified according to their maturity, which is the date when Eastern Bankshares has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Eastern Bankshares' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Eastern Bankshares' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0716 | |||
| Market Risk Adjusted Performance | 0.0961 | |||
| Mean Deviation | 1.38 | |||
| Semi Deviation | 1.64 | |||
| Downside Deviation | 1.84 | |||
| Coefficient Of Variation | 1178.88 | |||
| Standard Deviation | 2.33 | |||
| Variance | 5.44 | |||
| Information Ratio | 0.0259 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0328 | |||
| Treynor Ratio | 0.0861 | |||
| Maximum Drawdown | 16.59 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 2.39 | |||
| Downside Variance | 3.38 | |||
| Semi Variance | 2.68 | |||
| Expected Short fall | (1.57) | |||
| Skewness | 2.61 | |||
| Kurtosis | 15.43 |
| Risk Adjusted Performance | 0.0716 | |||
| Market Risk Adjusted Performance | 0.0961 | |||
| Mean Deviation | 1.38 | |||
| Semi Deviation | 1.64 | |||
| Downside Deviation | 1.84 | |||
| Coefficient Of Variation | 1178.88 | |||
| Standard Deviation | 2.33 | |||
| Variance | 5.44 | |||
| Information Ratio | 0.0259 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0328 | |||
| Treynor Ratio | 0.0861 | |||
| Maximum Drawdown | 16.59 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 2.39 | |||
| Downside Variance | 3.38 | |||
| Semi Variance | 2.68 | |||
| Expected Short fall | (1.57) | |||
| Skewness | 2.61 | |||
| Kurtosis | 15.43 |
Consider Eastern Bankshares' intraday indicators
Eastern Bankshares intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Eastern Bankshares stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 9613.28 | |||
| Daily Balance Of Power | (0.09) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 18.67 | |||
| Day Typical Price | 18.66 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | (0.04) | |||
| Relative Strength Index | 66.58 |
Eastern Bankshares Corporate Filings
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 7th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 24th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
8K | 20th of September 2024 An amendment to a previously filed Form 8-K | ViewVerify |
Eastern Stock media impact
Far too much social signal, news, headlines, and media speculation about Eastern Bankshares that are available to investors today. That information is available publicly through Eastern media outlets and privately through word of mouth or via Eastern internal channels. However, regardless of the origin, that massive amount of Eastern data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Eastern Bankshares news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Eastern Bankshares relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Eastern Bankshares' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Eastern Bankshares alpha.
Eastern Bankshares Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Eastern Bankshares can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Eastern Bankshares Corporate Management
| Danielle Hackel | Executive Officer | Profile | |
| Andrew Ravens | Corporate Manager | Profile | |
| Gregory Buscone | Executive Officer | Profile | |
| Steven Antonakes | Executive Management | Profile | |
| Barbara Heinemann | Executive Banking | Profile | |
| Donald Westermann | Executive Officer | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade Eastern Stock refer to our How to Trade Eastern Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastern Bankshares. If investors know Eastern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastern Bankshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.46) | Dividend Share 0.44 | Earnings Share 0.53 | Revenue Per Share 3.554 | Quarterly Revenue Growth 0.049 |
The market value of Eastern Bankshares is measured differently than its book value, which is the value of Eastern that is recorded on the company's balance sheet. Investors also form their own opinion of Eastern Bankshares' value that differs from its market value or its book value, called intrinsic value, which is Eastern Bankshares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastern Bankshares' market value can be influenced by many factors that don't directly affect Eastern Bankshares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Eastern Bankshares' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Eastern Bankshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastern Bankshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.