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 $12.04, down 0.33% from the previous day, and has decreased 36.83% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.23 percentage points. Eastern Bankshares stock is currently +21.25% from its 52-week low of $9.93, and -38.67% from its 52-week high of $19.63.
There are currently 176.43M shares of EBC outstanding. The market capitalization of EBC is $2.12B. In the past 24 hours, 456,434 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/B ratio of 0.87x, relative to Banks - Regional industry P/B ratio of 0.94x
You can do additional valuation research on EBC's stock here.
EBC Financial Summary
Positive Health Checks:
- EBC's operating cash flow of $212.37M allows it to safely service it's debt of $715.37M.
Negative Health Checks:
- EBC profit margin has gone down from 27.7% to -11.6% in the past year.
- EBC has a relatively high debt to equity ratio of 7.64.
- EBC earnings of -$96.26M is not enough to cover its interest payments.
Is EBC stock a Buy, Hold, or Sell, according to analysts?
Out of 2 Wall Street analysts who track EBC, the consensus analyst rating on Eastern Bankshares is a Sell
Please note that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Eastern Bankshares stock forecast page.
EBC Momentum
EBC Growth Metrics
Last year, EBC revenue was $380.54M. In the last 3 year, EBC's revenue has grown by -66.08% per year. This was slower than the Banks - Regional industry average of 5.79%.
Learn more about EBC's earnings and revenue performance here.
Are EBC executives and large shareholders buying or selling the stock?
In the past year, executives and large shareholders at EBC have sold more shares than they have bought.
Quincy Lee Miller, President of EBC, was the latest EBC insider to sell. They sold $125,562.50 worth of EBC stock on Nov 17, 2023.
Research more about who owns EBC stock here.
Does EBC stock generate passive income?
Eastern Bankshares pays a dividend of 1.66%, compared to the Banks - Regional industry's average dividend yield of 3.91%. If you owned $1,000 worth of EBC stock, you would have received $16.61 in the past year.
Dig into more data about Eastern Bankshares dividend yield and history here.
Get opinions 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
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually 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 given price limit, use a limit order.
Click the Open button and your broker will place your order.
If you need additional assistance buying stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your EBC investment
Now that you own some EBC shares, you'll want to stay up-to-date on your stock purchase.
Make a watchlist to get notified of important updates regarding your EBC stock.
EBC Feed
How to Buy Stock in Eastern Bankshares
To reiterate, here are the 6 steps for buying Eastern Bankshares stock:
- 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 need a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Eastern Bankshares, create a watchlist on WallStreetZen today.
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