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NASDAQ:EBC

Eastern Bankshares (EBC) Stock Price, News & Analysis

$13.17
-0.12 (-0.90%)
(As of 02/23/2024 ET)
Today's Range
$13.14
$13.40
50-Day Range
$13.29
$14.77
52-Week Range
$9.93
$16.01
Volume
1.02 million shs
Average Volume
840,935 shs
Market Capitalization
$2.32 billion
P/E Ratio
9.34
Dividend Yield
3.34%
Price Target
$15.25

Eastern Bankshares MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
15.8% Upside
$15.25 Price Target
Short Interest
Bearish
2.70% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
0.61mentions of Eastern Bankshares in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
24.79%
From $1.21 to $1.51 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.48 out of 5 stars

Finance Sector

185th out of 858 stocks

Federal Savings Institutions Industry

4th out of 32 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

Better Than Oil Stocks
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. 
EBC Mar 2024 15.000 call
KBW Remains a Buy on Eastern Bankshares (EBC)
Better Than Oil Stocks
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. 
Recap: Eastern Bankshares Q4 Earnings
Eastern Bankshares declares $0.11 dividend
EBC Breaks Above 3% Yield Territory
Eastern Bankshares: Headwinds Starting To Ease
See More Headlines
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Company Calendar

Ex-Dividend for 12/15 Dividend
11/30/2023
Dividend Payable
12/15/2023
Last Earnings
1/25/2024
Today
2/23/2024
Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$15.25
High Stock Price Target
$16.50
Low Stock Price Target
$14.00
Potential Upside/Downside
+15.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$232.18 million
Pretax Margin
-14.69%

Debt

Sales & Book Value

Annual Sales
$558.71 million
Cash Flow
$1.38 per share
Book Value
$13.99 per share

Miscellaneous

Free Float
174,116,000
Market Cap
$2.32 billion
Optionable
Optionable
Beta
0.89
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Key Executives

  • Mr. Robert F. Rivers (Age 59)
    Chairman & CEO
    Comp: $2.23M
  • Mr. Quincy L. Miller (Age 49)
    President
    Comp: $1.09M
  • Mr. James B. Fitzgerald (Age 66)
    CFO, Chief Administrative Officer & Treasurer
    Comp: $1.1M
  • Ms. Kathleen Cloherty Henry Esq. (Age 51)
    Executive VP, General Counsel & Corporate Secretary
    Comp: $724.52k
  • Mr. Donald Michael Westermann (Age 46)
    Executive VP & Chief Information Officer of Eastern Bank
    Comp: $723.05k
  • Ms. Jillian A. Belliveau
    Head of Investor Relations
  • Ms. Nancy Huntington Stager (Age 63)
    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 equities research analysts have issued "buy," "hold," and "sell" ratings for Eastern Bankshares in the last twelve months. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street equities 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 brokers have issued 12-month target prices for Eastern Bankshares' stock. Their EBC share price targets range from $14.00 to $16.50. On average, they expect the company's share price to reach $15.25 in the next year. This suggests a possible upside of 15.8% 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 2024?

Eastern Bankshares' stock was trading at $14.20 at the start of the year. Since then, EBC shares have decreased by 7.3% and is now trading at $13.17.
View the best growth stocks for 2024 here
.

When is Eastern Bankshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our EBC earnings forecast
.

How were Eastern Bankshares' earnings last quarter?

Eastern Bankshares, Inc. (NASDAQ:EBC) announced its earnings results on Thursday, January, 25th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.11. The company had revenue of $160.05 million for the quarter, compared to analyst estimates of $153.53 million.

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

Eastern Bankshares declared a quarterly dividend on Thursday, January 25th. Investors of record on Friday, March 1st will be given a dividend of $0.11 per share on Friday, March 15th. This represents a $0.44 annualized dividend and a yield of 3.34%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for EBC
.

Is Eastern Bankshares a good dividend stock?

Eastern Bankshares (NASDAQ:EBC) pays an annual dividend of $0.44 per share and currently has a dividend yield of 3.28%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EBC will have a dividend payout ratio of 29.14% next year. This indicates that the company will be able to sustain or increase its dividend.
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 Vanguard Group Inc. (9.29%), Dimensional Fund Advisors LP (2.15%), Brown Advisory Inc. (1.79%), Jennison Associates LLC (1.37%), Goldman Sachs Group Inc. (1.26%) and Norges Bank (0.98%). Insiders that own company stock include Bari A Harlam, Greg Allen Sr Shell, Gregory Paul Buscone, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:EBC) was last updated on 2/23/2024 by MarketBeat.com Staff