Eastern Bankshares Inc's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 64 out of 401 in the Banking Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 23.25.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Eastern Bankshares Inc is 7.66, ranking 188 out of 401 in the Banking Services industry. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 284.15M, representing a year-over-year increase of 31.22%, while its net profit experienced a year-over-year increase of 63.74%.
Key Metrics
The current valuation score of Eastern Bankshares Inc is 7.64, ranking 215 out of 401 in the Banking Services industry. Its current P/E ratio is 44.63, which is 71.29% below the recent high of 76.46 and 225.34% above the recent low of -55.94.
The current earnings forecast score of Eastern Bankshares Inc is 7.67, ranking 129 out of 401 in the Banking Services industry. The average price target is 22.00, with a high of 23.00 and a low of 20.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Eastern Bankshares Inc is 7.43, ranking 123 out of 401 in the Banking Services industry. Currently, the stock price is trading between the resistance level at 20.38 and the support level at 18.33, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The current institutional shareholding score of Eastern Bankshares Inc is 7.00, ranking 56 out of 401 in the Banking Services industry. The latest institutional shareholding proportion is 70.60%, representing a quarter-over-quarter decrease of 11.78%. The largest institutional shareholder is The Vanguard, holding a total of 21.81M shares, representing 9.29% of shares outstanding, with 1.01% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Banking Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Eastern Bankshares Inc is 7.99, ranking 139 out of 401 in the Banking Services industry. The company's beta value is 0.77. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
