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S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
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S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
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How to Invest in Specialty Retail Stores
NASDAQ:EBC

Eastern Bankshares (EBC) Stock Forecast, Price & News

$11.28
+0.53 (+4.93%)
(As of 06/1/2023 ET)
Compare
Today's Range
$10.67
$11.45
50-Day Range
$10.48
$12.66
52-Week Range
$9.93
$21.54
Volume
1.03 million shs
Average Volume
927,856 shs
Market Capitalization
$1.99 billion
P/E Ratio
N/A
Dividend Yield
3.55%
Price Target
$17.17

Eastern Bankshares MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
52.2% Upside
$17.17 Price Target
Short Interest
Healthy
1.86% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.75
Upright™ Environmental Score
News Sentiment
0.41mentions of Eastern Bankshares in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.53%
From $1.31 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.

2.16 out of 5 stars

Finance Sector

1293rd out of 1,786 stocks

Federal Savings Institutions Industry

53rd out of 86 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 interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and time certificates of deposits, as well as debit and credit cards. It also offers commercial and industrial loans, commercial real estate and construction loans, small business loans, residential real estate loans, home equity, and lines of credit, as well as 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 cash reserves, cash management, merchant, escrow express, government banking, international banking, interest on lawyers trust accounts, retirement planning, and business telephone banking services, as well as products and services for not-for-profit and healthcare. Further, it offers trust and investment products and services; community development and asset-based lending services; financial planning, portfolio management, wealth management, private banking, and fiduciary products; online, mobile, and telephone banking services; and automated lock box collection and account reconciliation services, as well as various insurance products. As of December 31, 2021, the company operated 105 branch offices in eastern Massachusetts and southern New Hampshire; and 23 non-branch offices in eastern Massachusetts, one office in New Hampshire, and one office in Rhode Island. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.

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EBC Stock News Headlines

The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
Eastern Bankshares's Earnings Outlook
Eastern Bankshares
Eastern Bankshares Down 11% As Q4 Earnings Fell Shy Of Estimates
See More Headlines

EBC Price History

EBC Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 3/15 Dividend
3/02/2023
Dividend Payable
3/15/2023
Today
6/01/2023
Ex-Dividend for 6/15 Dividend
6/01/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
7/27/2023
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
$17.17
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$12.50
Forecasted Upside/Downside
+52.2%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$199.76 million
Pretax Margin
-12.80%

Debt

Sales & Book Value

Annual Sales
$781.34 million
Cash Flow
$1.43 per share
Book Value
$14.63 per share

Miscellaneous

Free Float
174,018,000
Market Cap
$1.99 billion
Optionable
Not Optionable
Beta
0.66

Key Executives

  • Mr. Robert F. Rivers (Age 58)
    Chairman & CEO
    Comp: $4.12M
  • Mr. Quincy L. Miller (Age 48)
    Pres
    Comp: $1.75M
  • Mr. James B. Fitzgerald (Age 65)
    CFO, Chief Admin. Officer & Treasurer
    Comp: $1.77M
  • Ms. Jillian A. Belliveau
    Head of Investor Relations
  • Ms. Kathleen Cloherty Henry Esq. (Age 50)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • 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?

2 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 and 1 hold 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 forecast for 2023?

2 Wall Street analysts have issued 1 year price objectives for Eastern Bankshares' stock. Their EBC share price forecasts range from $12.50 to $22.00. On average, they expect the company's share price to reach $17.17 in the next twelve months. This suggests a possible upside of 52.2% 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 beginning of the year. Since then, EBC stock has decreased by 34.6% and is now trading at $11.28.
View the best growth stocks for 2023 here
.

Are investors shorting Eastern Bankshares?

Eastern Bankshares saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,960,000 shares, an increase of 19.4% from the April 30th total of 2,480,000 shares. Based on an average daily trading volume, of 1,300,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.9% of the shares of the company are short sold.
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, July 27th 2023.
View our EBC earnings forecast
.

How were Eastern Bankshares' earnings last quarter?

Eastern Bankshares, Inc. (NASDAQ:EBC) announced its quarterly earnings data on Wednesday, October, 27th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The company earned $145.90 million during the quarter, compared to analysts' expectations of $150.95 million. Eastern Bankshares had a net margin of 25.57% and a trailing twelve-month return on equity of 8.61%.

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

Eastern Bankshares announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Friday, June 2nd will be paid a dividend of $0.10 per share on Thursday, June 15th. This represents a $0.40 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Thursday, June 1st.
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 3.59%.
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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.59%), FMR LLC (4.10%), Wellington Management Group LLP (2.92%), State Street Corp (2.92%), Brown Advisory Inc. (2.36%) and Geode Capital Management LLC (1.79%). 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 $11.28.

How much money does Eastern Bankshares make?

Eastern Bankshares (NASDAQ:EBC) has a market capitalization of $1.99 billion and generates $781.34 million in revenue each year. The company earns $199.76 million in net income (profit) each year or ($0.30) 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 6/2/2023 by MarketBeat.com Staff

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