Eastern Bankshares (EBC) Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our EBC earnings forecast.

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%.

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.

ETFs with the largest weight of Eastern Bankshares (NASDAQ:EBC) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), Fidelity Small-Mid Cap Opportunities ETF (FSMO), Direxion Daily Regional Banks Bull 3x Shares (DPST), VictoryShares US Small Cap Volatility Wtd (CSA) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF).

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.

Eastern Bankshares trades on the NASDAQ under the ticker symbol "EBC."

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.

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.
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One share of EBC stock can currently be purchased for approximately $11.28.

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.

The company employs 2,146 workers across the globe.

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.