Eastern Bankshares (EBC) to Release Earnings on Thursday

Eastern Bankshares (NASDAQ:EBC - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $241.32 million for the quarter.

Eastern Bankshares (NASDAQ:EBC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $222.40 million for the quarter, compared to analyst estimates of $226.98 million. Eastern Bankshares had a positive return on equity of 6.42% and a negative net margin of 15.56%. On average, analysts expect Eastern Bankshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Eastern Bankshares Stock Up 0.3%

Shares of Eastern Bankshares stock traded up $0.04 on Friday, hitting $16.01. The company had a trading volume of 1,369,596 shares, compared to its average volume of 1,206,204. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -24.63 and a beta of 0.94. Eastern Bankshares has a 1 year low of $13.51 and a 1 year high of $19.40. The stock has a 50 day moving average of $15.26 and a 200-day moving average of $16.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87.

Eastern Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.25%. This is a positive change from Eastern Bankshares's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, June 3rd. Eastern Bankshares's dividend payout ratio is -80.00%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods dropped their price target on Eastern Bankshares from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Monday, April 28th.

Insider Buying and Selling

In other Eastern Bankshares news, Director Luis Borgen sold 2,348 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $15.60, for a total value of $36,628.80. Following the completion of the sale, the director owned 29,011 shares in the company, valued at approximately $452,571.60. This represents a 7.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its position in Eastern Bankshares by 38.0% in the first quarter. Royal Bank of Canada now owns 198,421 shares of the company's stock worth $3,254,000 after acquiring an additional 54,664 shares in the last quarter. AQR Capital Management LLC purchased a new position in Eastern Bankshares in the first quarter worth about $954,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Eastern Bankshares by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 114,881 shares of the company's stock worth $1,884,000 after acquiring an additional 5,028 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Eastern Bankshares by 7.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 432,405 shares of the company's stock worth $7,091,000 after acquiring an additional 29,781 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Eastern Bankshares by 789.9% in the first quarter. Jane Street Group LLC now owns 545,589 shares of the company's stock worth $8,948,000 after acquiring an additional 484,277 shares in the last quarter. Hedge funds and other institutional investors own 71.68% of the company's stock.

Eastern Bankshares Company Profile

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. The company provides deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts.