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Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
The Bio-Tech Stock That Needs Your Attention! (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
His system isolated NVIDIA - Here's His Next Buy. (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
This Little Known Automaker May Save Your Life and Your Portfolio
The single greatest medical breakthrough of all time? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
The Bio-Tech Stock That Needs Your Attention! (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
His system isolated NVIDIA - Here's His Next Buy. (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
This Little Known Automaker May Save Your Life and Your Portfolio
The single greatest medical breakthrough of all time? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
The Bio-Tech Stock That Needs Your Attention! (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
His system isolated NVIDIA - Here's His Next Buy. (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
This Little Known Automaker May Save Your Life and Your Portfolio
The single greatest medical breakthrough of all time? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
NASDAQ:EBC

Eastern Bankshares (EBC) Stock Forecast, Price & News

$12.59
+0.14 (+1.12%)
(As of 09/27/2023 ET)
Compare
Today's Range
$12.37
$12.67
50-Day Range
$12.44
$14.58
52-Week Range
$9.93
$21.54
Volume
837,908 shs
Average Volume
968,777 shs
Market Capitalization
$2.22 billion
P/E Ratio
N/A
Dividend Yield
3.18%
Price Target
$17.38

Eastern Bankshares MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
38.0% Upside
$17.38 Price Target
Short Interest
Healthy
1.61% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.69
Upright™ Environmental Score
News Sentiment
0.64mentions of Eastern Bankshares in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.88%
From $1.21 to $1.39 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Finance Sector

316th out of 861 stocks

Federal Savings Institutions Industry

14th out of 38 stocks


EBC stock logo

About Eastern Bankshares (NASDAQ:EBC) Stock

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. It operates in two segments, Banking Business and Insurance Agency Business. The company provides deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. It also offers commercial and industrial, commercial real estate and construction, small business, residential real estate, and home equity loans; lines of credit; and other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans. In addition, the company provides trust, financial planning and portfolio management, automated lock box collection, cash management, and account reconciliation services; personal, business, and employee benefits insurance products. It operates branch offices in eastern Massachusetts and southern New Hampshire; and non-branch offices in eastern Massachusetts, and Providence, Rhode Island. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.

EBC Price History

EBC Stock News Headlines

Eastern Bankshares (NASDAQ:EBC) Trading Up 2.3% on Analyst Upgrade
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Eastern Bankshares: Better Opportunities Are Out There
Piper Sandler Keeps Their Buy Rating on Eastern Bankshares (EBC)
See More Headlines
Receive EBC Stock News and Ratings via Email

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EBC Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
9/28/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Federal savings institutions
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:EBC
Fax
N/A
Employees
2,146
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.38
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+38.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$199.76 million
Pretax Margin
-11.41%

Debt

Sales & Book Value

Annual Sales
$781.34 million
Cash Flow
$1.41 per share
Book Value
$13.99 per share

Miscellaneous

Free Float
174,066,000
Market Cap
$2.22 billion
Optionable
Not Optionable
Beta
0.76
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Key Executives

  • Mr. Robert F. Rivers (Age 58)
    Chairman & CEO
    Comp: $2.23M
  • Mr. Quincy L. Miller (Age 48)
    Pres
    Comp: $1.09M
  • Mr. James B. Fitzgerald (Age 65)
    CFO, Chief Admin. Officer & Treasurer
    Comp: $1.1M
  • Ms. Kathleen Cloherty Henry Esq. (Age 50)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $724.52k
  • Mr. Donald Michael Westermann (Age 45)
    Exec. VP & Chief Information Officer of Eastern Bank
    Comp: $723.05k
  • Ms. Jillian A. Belliveau
    Head of Investor Relations
  • Mr. Timothy J. Lodge (Age 46)
    Pres & CEO of Eastern Insurance Group LLC
  • Ms. Nancy Huntington Stager (Age 62)
    Pres & CEO of Eastern Bank Foundation













EBC Stock - Frequently Asked Questions

Should I buy or sell Eastern Bankshares stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastern Bankshares in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" EBC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EBC, but not buy additional shares or sell existing shares.
View EBC analyst ratings
or view top-rated stocks.

What is Eastern Bankshares' stock price forecast for 2023?

3 analysts have issued 1-year target prices for Eastern Bankshares' shares. Their EBC share price forecasts range from $14.00 to $22.00. On average, they expect the company's share price to reach $17.38 in the next twelve months. This suggests a possible upside of 38.0% from the stock's current price.
View analysts price targets for EBC
or view top-rated stocks among Wall Street analysts.

How have EBC shares performed in 2023?

Eastern Bankshares' stock was trading at $17.25 on January 1st, 2023. Since then, EBC shares have decreased by 27.0% and is now trading at $12.59.
View the best growth stocks for 2023 here
.

Are investors shorting Eastern Bankshares?

Eastern Bankshares saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 2,560,000 shares, a decrease of 24.0% from the August 31st total of 3,370,000 shares. Based on an average daily volume of 795,100 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.6% of the company's stock are sold short.
View Eastern Bankshares' Short Interest
.

When is Eastern Bankshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our EBC earnings forecast
.

How were Eastern Bankshares' earnings last quarter?

Eastern Bankshares, Inc. (NASDAQ:EBC) announced its quarterly earnings data on Thursday, July, 27th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by $0.02. The firm earned $195.42 million during the quarter, compared to analyst estimates of $181.17 million. Eastern Bankshares had a net margin of 25.57% and a trailing twelve-month return on equity of 8.49%.

How often does Eastern Bankshares pay dividends? What is the dividend yield for Eastern Bankshares?

Eastern Bankshares declared a quarterly dividend on Thursday, July 27th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.10 per share on Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for EBC
.

What ETFs hold Eastern Bankshares' stock?

ETFs with the largest weight of Eastern Bankshares (NASDAQ:EBC) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR).FlexShares Quality Dividend Defensive Index Fund (QDEF).

Is Eastern Bankshares a good dividend stock?

Eastern Bankshares (NASDAQ:EBC) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.17%.
Read our dividend analysis for EBC.

What is Eastern Bankshares' stock symbol?

Eastern Bankshares trades on the NASDAQ under the ticker symbol "EBC."

Who are Eastern Bankshares' major shareholders?

Eastern Bankshares' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.54%), State Street Corp (3.18%), Brown Advisory Inc. (2.18%), Geode Capital Management LLC (1.84%), Jennison Associates LLC (1.84%) and Dimensional Fund Advisors LP (1.44%). Insiders that own company stock include Bari A Harlam, Greg Allen Sr Shell and Luis Borgen.
View institutional ownership trends
.

How do I buy shares of Eastern Bankshares?

Shares of EBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Eastern Bankshares' stock price today?

One share of EBC stock can currently be purchased for approximately $12.59.

How much money does Eastern Bankshares make?

Eastern Bankshares (NASDAQ:EBC) has a market capitalization of $2.22 billion and generates $781.34 million in revenue each year. The company earns $199.76 million in net income (profit) each year or ($0.31) on an earnings per share basis.

How many employees does Eastern Bankshares have?

The company employs 2,146 workers across the globe.

How can I contact Eastern Bankshares?

The official website for the company is www.easternbank.com. The company can be reached via phone at 800-327-8376 or via email at investorrelations@easternbank.com.

This page (NASDAQ:EBC) was last updated on 9/28/2023 by MarketBeat.com Staff

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