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NASDAQ:EBC

Eastern Bankshares (EBC) Stock Forecast, Price & News

$12.69
+0.25 (+2.01%)
(As of 02:51 PM ET)
Compare
Today's Range
$12.31
$12.74
50-Day Range
$12.44
$14.58
52-Week Range
$9.93
$21.54
Volume
832,975 shs
Average Volume
968,411 shs
Market Capitalization
$2.24 billion
P/E Ratio
N/A
Dividend Yield
3.15%
Price Target
$17.38

Eastern Bankshares MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
37.7% Upside
$17.38 Price Target
Short Interest
Bearish
2.12% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.69
Upright™ Environmental Score
News Sentiment
0.59mentions of Eastern Bankshares in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.01%
From $1.23 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.

2.29 out of 5 stars

Finance Sector

498th out of 852 stocks

Federal Savings Institutions Industry

20th out of 32 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
Advisor to FBI: Sell META now
Stocks just keep going up. But all isn’t what it seems, according to an FBI and Pentagon advisor. Find out what he knows, here.
Surprising "Twist" Hands Biden Landslide Re-election?
This could make it harder than ever to hang onto the money you make as Progressives gain power, and America slides further towards Socialism.
Eastern Bankshares: Better Opportunities Are Out There
Piper Sandler Keeps Their Buy Rating on Eastern Bankshares (EBC)
See More Headlines
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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
9/25/2023
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
+39.7%
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
$2.19 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 equities 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 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 forecast for 2023?

3 brokers have issued twelve-month price objectives for Eastern Bankshares' shares. Their EBC share price forecasts range from $14.00 to $22.00. On average, they predict the company's share price to reach $17.38 in the next year. This suggests a possible upside of 39.7% 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 stock has decreased by 27.9% and is now trading at $12.44.
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 August. As of August 31st, there was short interest totaling 3,370,000 shares, an increase of 37.0% from the August 15th total of 2,460,000 shares. Based on an average trading volume of 656,200 shares, the days-to-cover ratio is presently 5.1 days. Currently, 2.1% of the shares of the 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) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by $0.02. The company earned $195.42 million during the quarter, compared to analyst estimates of $181.17 million. Eastern Bankshares had a trailing twelve-month return on equity of 8.49% and a net margin of 25.57%.

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. Stockholders of record on Friday, September 1st will be given a dividend of $0.10 per share on Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date 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 3.22%.
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 institutional and retail 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 $12.44.

How much money does Eastern Bankshares make?

Eastern Bankshares (NASDAQ:EBC) has a market capitalization of $2.19 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 9/25/2023 by MarketBeat.com Staff

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