Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) - Seaport Res Ptn raised their Q3 2025 earnings per share (EPS) estimates for shares of Eastern Bankshares in a research report issued to clients and investors on Friday, August 1st. Seaport Res Ptn analyst L. Hunsicker now anticipates that the company will earn $0.40 per share for the quarter, up from their prior forecast of $0.39. The consensus estimate for Eastern Bankshares' current full-year earnings is $1.49 per share. Seaport Res Ptn also issued estimates for Eastern Bankshares' FY2025 earnings at $1.55 EPS, Q1 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.52 EPS and FY2026 earnings at $2.03 EPS.
Separately, Keefe, Bruyette & Woods lowered their target price on shares of Eastern Bankshares from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th.
Check Out Our Latest Analysis on Eastern Bankshares
Eastern Bankshares Stock Performance
EBC stock traded down $0.10 during midday trading on Monday, reaching $15.04. The stock had a trading volume of 397,610 shares, compared to its average volume of 1,366,576. The firm has a fifty day simple moving average of $15.37 and a two-hundred day simple moving average of $16.02. Eastern Bankshares has a 52-week low of $13.51 and a 52-week high of $19.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $3.21 billion, a PE ratio of -48.53 and a beta of 0.94.
Eastern Bankshares (NASDAQ:EBC - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. The business had revenue of $249.10 million for the quarter, compared to the consensus estimate of $241.32 million. Eastern Bankshares had a negative net margin of 6.49% and a positive return on equity of 7.38%.
Eastern Bankshares Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.5%. Eastern Bankshares's dividend payout ratio is presently -167.74%.
Insider Activity at Eastern Bankshares
In other news, Director Luis Borgen sold 2,348 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $15.60, for a total transaction of $36,628.80. Following the completion of the transaction, the director directly owned 29,011 shares of the company's stock, valued at approximately $452,571.60. The trade was a 7.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.
Hedge Funds Weigh In On Eastern Bankshares
A number of hedge funds have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC bought a new stake in Eastern Bankshares during the second quarter worth approximately $2,486,000. Savant Capital LLC lifted its holdings in shares of Eastern Bankshares by 3.1% during the 2nd quarter. Savant Capital LLC now owns 31,885 shares of the company's stock worth $487,000 after acquiring an additional 973 shares during the period. RFG Bristol Wealth Advisors LLC bought a new position in shares of Eastern Bankshares during the second quarter valued at $153,000. Bryce Point Capital LLC increased its stake in shares of Eastern Bankshares by 2.4% in the second quarter. Bryce Point Capital LLC now owns 45,216 shares of the company's stock valued at $690,000 after buying an additional 1,072 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Eastern Bankshares by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,249,630 shares of the company's stock worth $19,082,000 after purchasing an additional 6,085 shares during the last quarter. Hedge funds and other institutional investors own 71.68% of the company's stock.
Eastern Bankshares Company Profile
(
Get Free Report)
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.
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