Eastern Bankshares Stock Price, News & Analysis (NASDAQ:EBC) $12.19 +0.15 (+1.25%) (As of 04:00 PM ET) Add Compare Share Share Today's Range$12.13▼$12.4150-Day Range$11.00▼$12.8252-Week Range$9.93▼$19.63Volume671,662 shsAverage Volume937,504 shsMarket Capitalization$2.15 billionP/E RatioN/ADividend Yield3.28%Price Target$15.83 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaSustainability Eastern Bankshares MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside30.0% Upside$15.83 Price TargetShort InterestHealthy2.02% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-0.82Upright™ Environmental ScoreNews Sentiment0.57Based on 4 Articles This WeekInsider TradingSelling Shares$222,873 Sold Last QuarterProj. Earnings Growth11.76%From $1.19 to $1.33 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.54 out of 5 starsFinance Sector296th out of 849 stocksFederal Savings Institutions Industry13th out of 39 stocks 3.0 Analyst's Opinion Consensus RatingEastern Bankshares has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.83, Eastern Bankshares has a forecasted upside of 30.0% from its current price of $12.18.Amount of Analyst CoverageEastern Bankshares has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.02% of the float of Eastern Bankshares has been sold short.Short Interest Ratio / Days to CoverEastern Bankshares has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Eastern Bankshares has recently decreased by 0.93%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend YieldEastern Bankshares pays a meaningful dividend of 3.31%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEastern Bankshares has only been increasing its dividend for 2 years.Dividend SustainabilityBased on earnings estimates, Eastern Bankshares will have a dividend payout ratio of 30.08% next year. This indicates that Eastern Bankshares will be able to sustain or increase its dividend. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEastern Bankshares has received a 21.21% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Home equity loans", "Wire transfer services", "Third-party payment processing services", "Consumer savings accounts provided by brick and mortar banks", and "Online banking" products. See details.Environmental SustainabilityThe Environmental Impact score for Eastern Bankshares is -0.82. Previous Next 2.5 News and Social Media Coverage News SentimentEastern Bankshares has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Eastern Bankshares this week, compared to 2 articles on an average week.MarketBeat Follows2 people have added Eastern Bankshares to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Eastern Bankshares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $222,873.00 in company stock.Percentage Held by InsidersOnly 1.31% of the stock of Eastern Bankshares is held by insiders.Percentage Held by Institutions58.03% of the stock of Eastern Bankshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Eastern Bankshares are expected to grow by 11.76% in the coming year, from $1.19 to $1.33 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Eastern Bankshares is -43.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Eastern Bankshares is -43.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioEastern Bankshares has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Eastern Bankshares Stock (NASDAQ:EBC)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.Read More EBC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EBC Stock News HeadlinesNovember 28, 2023 | finance.yahoo.comEastern Bankshares (NASDAQ:EBC) Will Pay A Larger Dividend Than Last Year At $0.11November 27, 2023 | americanbankingnews.comEastern Bankshares, Inc. (NASDAQ:EBC) Receives Consensus Recommendation of "Hold" from AnalystsNovember 29, 2023 | Tomorrow Investor (Ad)The Only Practical Solution to the World’s Looming Energy CrisisThere’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!November 26, 2023 | finance.yahoo.comIt Might Not Be A Great Idea To Buy Eastern Bankshares, Inc. (NASDAQ:EBC) For Its Next DividendNovember 22, 2023 | americanbankingnews.comContrasting Eastern Bankshares (NASDAQ:EBC) and NSTS Bancorp (NASDAQ:NSTS)November 21, 2023 | seekingalpha.comEastern Bankshares Makes Cambridge Bancorp Look That Much Less AppetizingNovember 16, 2023 | seekingalpha.comEastern Bankshares: Headwinds Starting To EaseNovember 15, 2023 | finance.yahoo.comEastern Bank Welcomes Avedis Zildjian Co. As A Commercial Banking CustomerNovember 29, 2023 | Tomorrow Investor (Ad)The Only Practical Solution to the World’s Looming Energy CrisisThere’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!November 14, 2023 | finance.yahoo.comEastern Bankshares (NASDAQ:EBC) Is Increasing Its Dividend To $0.11October 31, 2023 | finance.yahoo.comEastern Bankshares, Inc. Announces Closing Of Eastern Insurance Group LLC Asset SaleOctober 31, 2023 | finance.yahoo.comEastern Bankshares (NASDAQ:EBC) Is Paying Out A Dividend Of $0.11October 30, 2023 | finance.yahoo.comEastern Bankshares, Inc. Appoints Marisa J. Harney And Linda M. Williams To Its Board Of DirectorsOctober 30, 2023 | seekingalpha.comEastern Bankshares: Lifting Our Sell RatingOctober 28, 2023 | finance.yahoo.comEastern Bankshares, Inc. (NASDAQ:EBC) Q3 2023 Earnings Call TranscriptOctober 26, 2023 | msn.comEastern Bankshares, Inc. (EBC) Q3 Earnings: Taking a Look at Key Metrics Versus EstimatesOctober 26, 2023 | finance.yahoo.comEastern Bankshares, Inc. (EBC) Q3 Earnings Top EstimatesOctober 26, 2023 | finance.yahoo.comEastern Bankshares Inc (EBC) Announces Q3 2023 Financial Results and 10% Dividend IncreaseOctober 5, 2023 | finance.yahoo.comEastern Bankshares, Inc. Announces Third Quarter 2023 Earnings Release Date, Conference Call and WebcastSeptember 23, 2023 | benzinga.comLifshitz Law PLLC Announces Investigations of EBC, AMTI, SPLKSeptember 21, 2023 | msn.comEastern Bankshares (EBC), Cambridge (CATC) Sign Merger DealSeptember 21, 2023 | finance.yahoo.comCambridge (CATC) Soars 26.6%: Is Further Upside Left in the Stock?September 20, 2023 | msn.comEastern Bank will acquire Cambridge Trust, and sell its insurance divisionSeptember 19, 2023 | technews.tmcnet.comEBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Eastern Bankshares, Inc. Is Fair to ShareholdersSeptember 19, 2023 | msn.comEastern Bankshares to sell insurance unit, merge with Cambridge TrustSeptember 19, 2023 | finance.yahoo.comEastern Bankshares, Inc. Announces Agreement to Sell the Insurance Operations of Eastern Insurance Group, LLC to Arthur J. Gallagher & Co. and Enters Into Definitive Agreement to Merge with Cambridge BancorpSeptember 19, 2023 | finance.yahoo.comCambridge Bancorp Enters Into Definitive Agreement to Merge with Eastern Bankshares, Inc.See More Headlines Receive EBC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Eastern Bankshares and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 9/15 Dividend8/31/2023Dividend Payable9/15/2023Last Earnings10/26/2023Today11/29/2023Ex-Dividend for 12/15 Dividend11/30/2023Dividend Payable12/15/2023Fiscal Year End12/31/2023Next Earnings (Estimated)1/25/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Federal savings institutions Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:EBC CUSIPN/A CIK1810546 Webwww.easternbank.com Phone800-327-8376FaxN/AEmployees2,146Year FoundedN/APrice Target and Rating Average Stock Price Target$15.83 High Stock Price Target$17.00 Low Stock Price Target$14.00 Potential Upside/Downside+31.5%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.28) Trailing P/E RatioN/A Forward P/E Ratio10.12 P/E GrowthN/ANet Income$199.76 million Net MarginsN/A Pretax Margin-14.69% Return on Equity8.32% Return on Assets0.95% Debt Debt-to-Equity Ratio0.28 Current Ratio0.83 Quick Ratio0.82 Sales & Book Value Annual Sales$781.34 million Price / Sales2.72 Cash Flow$1.41 per share Price / Cash Flow8.56 Book Value$13.99 per share Price / Book0.86Miscellaneous Outstanding Shares176,400,000Free Float174,089,000Market Cap$2.12 billion OptionableNot Optionable Beta0.82 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Robert F. Rivers (Age 58)Chairman & CEO Comp: $2.23MMr. Quincy L. Miller (Age 48)President Comp: $1.09MMr. James B. Fitzgerald (Age 65)CFO, Chief Administrative Officer & Treasurer Comp: $1.1MMs. Kathleen Cloherty Henry Esq. (Age 50)Executive VP, General Counsel & Corporate Secretary Comp: $724.52kMr. Donald Michael Westermann (Age 45)Executive VP & Chief Information Officer of Eastern Bank Comp: $723.05kMs. Jillian A. BelliveauHead of Investor RelationsMs. Nancy Huntington Stager (Age 62)President & CEO of Eastern Bank Foundation More ExecutivesKey CompetitorsAxos FinancialNYSE:AXBankUnitedNYSE:BKUColumbia FinancialNASDAQ:CLBKProvident Financial ServicesNYSE:PFSBrookline BancorpNASDAQ:BRKLView All CompetitorsInsiders & InstitutionsDeutsche Bank AGSold 20,224 shares on 11/24/2023Ownership: 0.143%Graham Capital Management L.P.Bought 68,086 shares on 11/22/2023Ownership: 0.039%Creative PlanningBought 6,145 shares on 11/16/2023Ownership: 0.065%Essex Financial Services Inc.Sold 4,984 shares on 11/16/2023Ownership: 0.050%Legal & General Group PlcBought 1,980 shares on 11/15/2023Ownership: 0.084%View All Insider TransactionsView All Institutional Transactions EBC Stock Analysis - Frequently Asked Questions Should I buy or sell Eastern Bankshares stock right now? 3 Wall Street research 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 research 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 target for 2024? 3 brokerages have issued twelve-month price objectives for Eastern Bankshares' stock. Their EBC share price targets range from $14.00 to $17.00. On average, they anticipate the company's stock price to reach $15.83 in the next year. This suggests a possible upside of 30.0% 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 at the start of the year. Since then, EBC shares have decreased by 29.4% and is now trading at $12.18. View the best growth stocks for 2023 here. When is Eastern Bankshares' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024. View our EBC earnings forecast. How were Eastern Bankshares' earnings last quarter? Eastern Bankshares, Inc. (NASDAQ:EBC) released its quarterly earnings results on Thursday, October, 26th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The business had revenue of $156.36 million for the quarter, compared to analyst estimates of $174.56 million. How often does Eastern Bankshares pay dividends? What is the dividend yield for Eastern Bankshares? Eastern Bankshares declared a quarterly dividend on Thursday, October 26th. Shareholders of record on Friday, December 1st will be given a dividend of $0.11 per share on Friday, December 15th. This represents a $0.44 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from the stock's previous quarterly dividend of $0.10. Read our dividend analysis for EBC. 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 3.31%. 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). Who are Eastern Bankshares' major shareholders? Eastern Bankshares' stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (5.63%), Brown Advisory Inc. (2.17%), Jennison Associates LLC (1.83%), William Blair Investment Management LLC (1.46%), Northern Trust Corp (0.85%) and Charles Schwab Investment Management Inc. (0.84%). Insiders that own company stock include Bari A Harlam, Greg Allen Sr Shell, Luis Borgen and Nancy Huntington Stager. 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. This page (NASDAQ:EBC) was last updated on 11/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Eastern Bankshares, Inc. 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