Eastern Bankshares Inc’s filing revealed that its Chief Financial Officer Rosato R David acquired Company’s shares for reported $0.15 million on Mar 11 ’25. In the deal valued at $15.40 per share,10,000 shares were bought. As a result of this transaction, Rosato R David now holds 20,000 shares worth roughly $0.33 million.
Then, Jackson Deborah C sold 5,713 shares, generating $106,033 in total proceeds. Upon selling the shares at $18.56, the Director now owns 67,284 shares.
Before that, Borgen Luis sold 12,419 shares. Eastern Bankshares Inc shares valued at $230,497 were divested by the Director at a price of $18.56 per share. As a result of the transaction, Borgen Luis now holds 29,535 shares, worth roughly $0.48 million.
A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. JP Morgan also remained covering EBC and has decreased its forecast on January 31, 2023 with a “an Underweight” recommendation from previously “Neutral” rating. Janney revised its rating on January 30, 2023. It rated EBC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EBC
On Tuesday, Eastern Bankshares Inc [NASDAQ:EBC] saw its stock fall -0.18% to $16.38. Over the last five days, the stock has gained 6.09%. Eastern Bankshares Inc shares have fallen nearly -5.04% since the year began. Nevertheless, the stocks have risen 28.27% over the past one year. While a 52-week high of $19.40 was reached on 02/06/25, a 52-week low of $12.22 was recorded on 03/10/25. SMA at 50 days reached $17.57, while 200 days put it at $16.52.
Levels Of Support And Resistance For EBC Stock
The 24-hour chart illustrates a support level at 16.27, which if violated will result in even more drops to 16.16. On the upside, there is a resistance level at 16.43. A further resistance level may holdings at 16.49. The Relative Strength Index (RSI) on the 14-day chart is 41.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.07%. Stochastics %K at 38.97% indicates the stock is a holding.
How much short interest is there in Eastern Bankshares Inc?
A steep rise in short interest was recorded in Eastern Bankshares Inc stocks on 2025-02-28, growing by 0.94 million shares to a total of 5.2 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 4.26 million shares. There was a rise of 18.12%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 16, 2021 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $25 price target.
