How to Buy Eastern Bankshares Stock
Eastern Bankshares Inc
Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers.
Eastern Bankshares stock last closed at $13.13, up 0.38% from the previous day, and has increased 13.48% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.02 percentage points. Eastern Bankshares stock is currently +32.23% from its 52-week low of $9.93, and -12.87% from its 52-week high of $15.07.
There are currently 176.43M shares of EBC outstanding. The market capitalization of EBC is $2.32B. In the past 24 hours, 750,898 EBC shares were traded.
How to Buy Eastern Bankshares Stock
Not sure how to invest in Eastern Bankshares stock? Here's how.
- Choose where to buy Eastern Bankshares stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Eastern Bankshares stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your payment method and add your details.
- Research Eastern Bankshares stock: The Eastern Bankshares ticker symbol is EBC. Is Eastern Bankshares stock a good investment? Should you buy shares of EBC? How do EBC's underlying business fundamentals look? Do top analysts think Eastern Bankshares is a good buy? Why has EBC's stock price moved recently? (Hint: Our stock analysis website can help you figure out if EBC is a good stock to buy).
- Execute your EBC purchase: Decide if you will purchase EBC shares at the current market price or use a limit order to buy EBC shares at a particular price.
- Keep an eye on your EBC investment: Create a watchlist to get live updates on your investment in Eastern Bankshares shares.
Step 1: Choose where to buy Eastern Bankshares stock
You will need an online brokerage account in order to access the NASDAQ market and buy EBC shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the best brokerage, you need to fill out some personal details so you are able to buy EBC stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start your new brokerage account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have finished signing up on the stock trading app, you can securely and quickly fund your account:
Check out this video walkthrough if you need help transferring funds into your investment account.
Step 4: Research Eastern Bankshares stock
After you have figured out the best place to buy Eastern Bankshares stock, it's important to analyze their stock prior to investing, so you truly comprehend the risk and upside.
Eastern Bankshares shares quick numbers
Eastern Bankshares Zen Score
WallStreetZen was created to help part-time investors do better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on EBC's stock page.
What is the fair value of EBC stock?
Analysts use many financial metrics, analyses, models, and charts to gauge EBC's true value.
Using relative valuations measures:
- EBC may be undervalued based on its P/E ratio of 9.18x, relative to Banks - Regional industry P/E ratio of -10.44x
- EBC may be undervalued based on its P/B ratio of 0.78x, relative to Banks - Regional industry P/B ratio of 0.99x
- EBC could be undervalued based on its PEG ratio of 0.62x
You can do additional valuation research on EBC's stock here.
EBC Financial Summary
Positive Health Checks:
- EBC earnings of $168.87M is not enough to cover its interest payments.
- EBC profit margin has gone up from 31.9% to 79.3% in the past year.
- EBC's operating cash flow of $261.69M allows it to safely service it's debt of $48.22M.
- Total EBC debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- EBC has a relatively high debt to equity ratio of 6.1.
You can dig deeper into what analysts are saying on the Eastern Bankshares stock forecast page.
EBC Technicals
EBC Growth Metrics
Last year, EBC earnings were $232.18M. In the past three year, EBC's earnings have grown by 215.44% per year. This was faster than the Banks - Regional industry average of 16.35%.
Last year, EBC revenue was $292.60M. In the past five year, EBC's revenue has gone up by -12.03% per year. This was slower than the Banks - Regional industry average of 7.4%.
You can research EBC's earnings and revenue performance here.
Who is buying/selling EBC?
In the last 12 months, insiders at EBC have sold more shares than they have bought.
Luis Borgen, Director of EBC, was the latest EBC insider to sell. They sold $526,967.04 worth of EBC stock on Mar 18, 2024.
Dig into more about who owns EBC stock here.
Can I rely on EBC as an income stream?
No, Eastern Bankshares doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Execute your EBC purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, use a limit order.
Click the Open Trade button and your broker will place your order.
If you need additional help with investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your EBC investment
Now that you own some EBC stock, you'll want to stay up-to-date on your new investment.
Create a watchlist to see the latest developments about your EBC stock.
EBC Feed
How to Buy Stock in Eastern Bankshares
To reiterate, here are the 6 steps you need to take to buy Eastern Bankshares stock right now:
- Choose where to buy Eastern Bankshares stock
- Open a brokerage account
- Put funds into your investment account
- Research Eastern Bankshares stock
- Execute your EBC purchase
- Keep an eye on your EBC investment
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Eastern Bankshares, add EBC to your watchlist by clicking the button below.
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