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Eastern Bankshares Stock Price, News & Analysis (NASDAQ:EBC)

$12.19
+0.15 (+1.25%)
(As of 04:00 PM ET)
Compare
Today's Range
$12.13
$12.41
50-Day Range
$11.00
$12.82
52-Week Range
$9.93
$19.63
Volume
671,662 shs
Average Volume
937,504 shs
Market Capitalization
$2.15 billion
P/E Ratio
N/A
Dividend Yield
3.28%
Price Target
$15.83

Eastern Bankshares MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
30.0% Upside
$15.83 Price Target
Short Interest
Healthy
2.02% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
0.57mentions of Eastern Bankshares in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$222,873 Sold Last Quarter
Proj. Earnings Growth
11.76%
From $1.19 to $1.33 Per Share

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 stars

Finance Sector

296th out of 849 stocks

Federal Savings Institutions Industry

13th out of 39 stocks


EBC stock logo

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.

EBC Stock Price History

EBC Stock News Headlines

The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Eastern Bankshares: Headwinds Starting To Ease
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Eastern Bankshares: Lifting Our Sell Rating
Eastern Bankshares, Inc. (EBC) Q3 Earnings Top Estimates
See More Headlines
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Company Calendar

Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Last Earnings
10/26/2023
Today
11/29/2023
Ex-Dividend for 12/15 Dividend
11/30/2023
Dividend Payable
12/15/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/25/2024

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 Target
$15.83
High Stock Price Target
$17.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+31.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$199.76 million
Pretax Margin
-14.69%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
174,089,000
Market Cap
$2.12 billion
Optionable
Not Optionable
Beta
0.82
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Key Executives

  • Mr. Robert F. Rivers (Age 58)
    Chairman & CEO
    Comp: $2.23M
  • Mr. Quincy L. Miller (Age 48)
    President
    Comp: $1.09M
  • Mr. James B. Fitzgerald (Age 65)
    CFO, Chief Administrative Officer & Treasurer
    Comp: $1.1M
  • Ms. Kathleen Cloherty Henry Esq. (Age 50)
    Executive VP, General Counsel & Corporate Secretary
    Comp: $724.52k
  • Mr. Donald Michael Westermann (Age 45)
    Executive VP & Chief Information Officer of Eastern Bank
    Comp: $723.05k
  • Ms. Jillian A. Belliveau
    Head of Investor Relations
  • Ms. Nancy Huntington Stager (Age 62)
    President & CEO of Eastern Bank Foundation














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

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