On December 2, 2024, Luis Borgen, Director at Eastern Bankshares Inc (EBC, Financial), sold 12,419 shares of the company. Following this transaction, the insider now owns 29,535 shares of the company. The transaction details can be found in the SEC Filing.
Eastern Bankshares Inc is a bank holding company that provides a range of banking and financial services. The company operates through its subsidiary, Eastern Bank, which offers commercial banking, retail banking, and wealth management services.
Over the past year, Luis Borgen has sold a total of 57,489 shares and has not purchased any shares. The insider transaction history for Eastern Bankshares Inc shows that there have been 1 insider buy and 7 insider sells over the past year.
On the day of the recent sale, shares of Eastern Bankshares Inc were trading at $18.56, giving the stock a market cap of $3.594 billion. The company's price-earnings ratio is 7.79, which is lower than the industry median of 10.905 and also lower than the company’s historical median price-earnings ratio.
With a price of $18.56 and a GuruFocus Value of $20.36, Eastern Bankshares Inc has a price-to-GF-Value ratio of 0.91, indicating that the stock is modestly undervalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
