Eastern Bankshares Inc (NASDAQ:EBC) price on Thursday, July 03, rose 1.26% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $16.12.
A look at the stock’s price movement, the close in the last trading session was $15.92, moving within a range at $15.925 and $16.235. The beta value (5-Year monthly) was 0.954. Turning to its 52-week performance, $19.40 and $13.51 were the 52-week high and 52-week low respectively. Overall, EBC moved 7.75% over the past month.
Eastern Bankshares Inc’s market cap currently stands at around $3.41 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-24. The company has a Forward Dividend ratio of 0.48, with its dividend yield at 2.98%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EBC is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
EBC’s current price about 7.41% and 6.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.50, while 7-day volatility ratio is 2.40% and 2.30% in the 30-day chart. Further, Eastern Bankshares Inc (EBC) has a beta value of 0.94.
If we refocus on Eastern Bankshares Inc (NASDAQ:EBC), historical trading data shows that trading volumes averaged 2.14 over the past 10 days and 1.56 million over the past 3 months. The company’s latest data on shares outstanding shows there are 211.56 million shares.
The 8.13% of Eastern Bankshares Inc’s shares are in the hands of company insiders while institutional holders own 67.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.16 million on 2025-06-13, giving us a short ratio of 5.84. The data shows that as of 2025-06-13 short interest in Eastern Bankshares Inc (EBC) stood at 375.0 of shares outstanding, with shares short rising to 6.37 million registered in 2025-05-15. Current price change has pushed the stock 16.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EBC stock continues to rise going into the next quarter.
