NASDAQ:EBC Eastern Bankshares (EBC) Stock Price, News & Analysis → Was the Great Financial Crisis fun? (From Brooks Enterprises) (Ad) Free EBC Stock Alerts $13.29 -0.30 (-2.21%) (As of 06/4/2024 ET) Add Compare Share Share Today's Range$13.27▼$13.5550-Day Range$12.24▼$14.4152-Week Range$10.65▼$15.07Volume616,730 shsAverage Volume885,920 shsMarket Capitalization$2.35 billionP/E Ratio4.66Dividend Yield3.31%Price Target$15.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Eastern Bankshares alerts: Email Address Eastern Bankshares MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside14.7% Upside$15.25 Price TargetShort InterestBearish3.32% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.65Upright™ Environmental ScoreNews Sentiment0.61Based on 5 Articles This WeekInsider TradingSelling Shares$526,967 Sold Last QuarterProj. Earnings Growth28.45%From $1.16 to $1.49 Per ShareSee Full Details Hide Full Details 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.4.62 out of 5 starsFinance Sector120th out of 850 stocksFederal Savings Institutions Industry5th out of 32 stocks 2.2 Analyst's Opinion Consensus RatingEastern Bankshares has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, no hold ratings, and 1 sell rating.Amount of Analyst CoverageEastern Bankshares has received no research coverage in the past 90 days.Read more about Eastern Bankshares' stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.32% of the float of Eastern Bankshares has been sold short.Short Interest Ratio / Days to CoverEastern Bankshares has a short interest ratio ("days to cover") of 5.7.Change versus previous monthShort interest in Eastern Bankshares has recently increased by 7.30%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldEastern Bankshares pays a meaningful dividend of 3.21%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEastern Bankshares has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Eastern Bankshares is 15.44%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Eastern Bankshares will have a dividend payout ratio of 29.53% next year. This indicates that Eastern Bankshares will be able to sustain or increase its dividend.Read more about Eastern Bankshares' dividend. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEastern Bankshares has received a 21.83% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Home equity loans", "Wire transfer services", "Consumer savings accounts provided by brick and mortar banks", "Online banking", and "Consumer transaction accounts provided by brick and mortar banks" products. See details.Environmental SustainabilityThe Environmental Impact score for Eastern Bankshares is -0.65. Previous Next 3.1 News and Social Media Coverage News SentimentEastern Bankshares has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Eastern Bankshares this week, compared to 2 articles on an average week.Search Interest3 people have searched for EBC on MarketBeat in the last 30 days. MarketBeat Follows3 people have added Eastern Bankshares to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Eastern Bankshares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $526,967.00 in company stock.Percentage Held by InsidersOnly 1.15% of the stock of Eastern Bankshares is held by insiders.Percentage Held by Institutions71.68% of the stock of Eastern Bankshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Eastern Bankshares' insider trading history. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Eastern Bankshares are expected to grow by 28.45% in the coming year, from $1.16 to $1.49 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Eastern Bankshares is 4.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.63.Price to Earnings Ratio vs. SectorThe P/E ratio of Eastern Bankshares is 4.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.67.Price to Book Value per Share RatioEastern Bankshares has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Eastern Bankshares' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Brooks EnterprisesHow’d you do in 20222022 was a rough year. At their worst, the S&P 500 was down over 25% and the NASDAQ was down over 35%, and to make things even more interesting the Fed was seemingly raising interest rates every week!Get those kind of results during the Great Financial Crisis, without having to study more 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. 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. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.Read More EBC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EBC Stock News HeadlinesJune 3 at 8:40 AM | americanbankingnews.comEastern Bankshares, Inc. (NASDAQ:EBC) Sees Large Increase in Short InterestMay 29, 2024 | finance.yahoo.comEastern Bankshares (NASDAQ:EBC) Could Be A Buy For Its Upcoming DividendMay 29, 2024 | markets.businessinsider.comKBW Reaffirms Their Buy Rating on Eastern Bankshares (EBC)May 28, 2024 | bizjournals.comAfter delay, Eastern Bank, Cambridge Trust get regulatory approval to mergeMay 28, 2024 | markets.businessinsider.comEastern Bankshares Receives Regulatory Approvals For Merger With Cambridge TrustMay 28, 2024 | markets.businessinsider.comEastern Bankshares Receives Regulatory Approvals For Merger With Cambridge TrustMay 24, 2024 | benzinga.comPeering Into Eastern Bankshares's Recent Short InterestMay 20, 2024 | businesswire.comChemical Insights Research Institute Partners with Duke University and the East-West Center to Examine Dust and Ash from Devastating Hawaiian WildfiresMay 14, 2024 | finance.yahoo.comEastern Bank Provides Financing for Capstan Atlantic’s Conversion to an Employee-Owned CompanyMay 14, 2024 | businesswire.comEastern Bank Provides Financing for Capstan Atlantic's Conversion to an Employee-Owned CompanyApril 30, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: SoFi Technologies (SOFI) and Eastern Bankshares (EBC)April 30, 2024 | finance.yahoo.comEastern Bankshares, Inc. (NASDAQ:EBC) Q1 2024 Earnings Call TranscriptApril 29, 2024 | seekingalpha.comEastern Bankshares, Inc. (EBC) Q1 2024 Earnings Call TranscriptApril 28, 2024 | bizjournals.comEastern Bank expects 'challenging environment' throughout 2024April 27, 2024 | finance.yahoo.comEastern Bankshares First Quarter 2024 Earnings: EPS Beats Expectations, Revenues LagApril 27, 2024 | finance.yahoo.comEastern Bankshares Inc (EBC) (Q1 2024) Earnings Call Transcript Highlights: Navigating ...April 26, 2024 | msn.comEastern Bankshares (EBC) Q1 2024 Earnings Call TranscriptApril 26, 2024 | markets.businessinsider.comKBW Keeps Their Buy Rating on Eastern Bankshares (EBC)April 26, 2024 | seekingalpha.comEastern Bankshares, Inc. 2024 Q1 - Results - Earnings Call PresentationApril 25, 2024 | businesswire.comEastern Bankshares, Inc. Reports First Quarter 2024 Financial ResultsApril 17, 2024 | finance.yahoo.comEastern Bankshares, Inc. (EBC)April 5, 2024 | nasdaq.comEBC Crosses Below Key Moving Average LevelApril 4, 2024 | businesswire.comEastern Bankshares, Inc. Announces First Quarter 2024 Earnings Release Date, Conference Call and WebcastMarch 21, 2024 | finance.yahoo.comDirector Luis Borgen Sells 40,288 Shares of Eastern Bankshares Inc (EBC)March 16, 2024 | investing.comEastern Bankshares Inc (EBC)See More Headlines Receive EBC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Eastern Bankshares and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/15 Dividend2/29/2024Dividend Payable3/15/2024Last Earnings4/26/2024Ex-Dividend for 6/14 Dividend6/03/2024Today6/04/2024Dividend Payable6/14/2024Next Earnings (Estimated)7/25/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Federal savings institutions Sub-IndustryN/A Current SymbolNASDAQ:EBC CUSIPN/A CIK1810546 Webwww.easternbank.com Phone800-327-8376FaxN/AEmployees1,744Year FoundedN/APrice Target and Rating Average Stock Price Target$15.25 High Stock Price Target$16.50 Low Stock Price Target$14.00 Potential Upside/Downside+14.7%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.85 Trailing P/E Ratio4.66 Forward P/E Ratio11.46 P/E GrowthN/ANet Income$232.18 million Net Margins49.59% Pretax Margin20.31% Return on Equity5.59% Return on Assets0.72% Debt Debt-to-Equity Ratio0.01 Current Ratio0.83 Quick Ratio0.83 Sales & Book Value Annual Sales$558.71 million Price / Sales4.20 Cash Flow$1.10 per share Price / Cash Flow12.11 Book Value$16.86 per share Price / Book0.79Miscellaneous Outstanding Shares176,630,000Free Float174,600,000Market Cap$2.35 billion OptionableOptionable Beta0.90 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Robert F. Rivers (Age 59)Chairman & CEO Comp: $2.23MMr. Quincy L. Miller (Age 49)President Comp: $1.09MMr. James B. Fitzgerald (Age 66)CFO, Chief Administrative Officer & Treasurer Comp: $1.1MMs. Kathleen Cloherty Henry Esq. (Age 51)Executive VP, General Counsel & Corporate Secretary Comp: $724.52kMr. Donald Michael Westermann (Age 46)Executive VP & Chief Information Officer of Eastern Bank Comp: $723.05kMs. Jillian A. BelliveauHead of Investor RelationsMs. Nancy Huntington Stager (Age 63)President & CEO of Eastern Bank Foundation More ExecutivesKey CompetitorsFlagstar BancorpNYSE:FBCTFS FinancialNASDAQ:TFSLAxos FinancialNYSE:AXBankUnitedNYSE:BKUColumbia FinancialNASDAQ:CLBKView All CompetitorsInsiders & InstitutionsCambridge Trust Co.Bought 23,925 shares on 5/30/2024Ownership: 0.014%Cetera Advisors LLCBought 13,237 shares on 5/24/2024Ownership: 0.007%Janus Henderson Group PLCBought 401,027 shares on 5/16/2024Ownership: 2.149%Jacobs Levy Equity Management Inc.Sold 2,491 shares on 5/16/2024Ownership: 0.130%California State Teachers Retirement SystemSold 8,545 shares on 5/16/2024Ownership: 0.090%View All Insider TransactionsView All Institutional Transactions EBC Stock Analysis - Frequently Asked Questions Should I buy or sell Eastern Bankshares stock right now? 3 Wall Street 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 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 Wall Street research analysts have issued 1-year price objectives for Eastern Bankshares' shares. Their EBC share price targets range from $14.00 to $16.50. On average, they anticipate the company's stock price to reach $15.25 in the next year. This suggests a possible upside of 14.7% 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 2024? Eastern Bankshares' stock was trading at $14.20 on January 1st, 2024. Since then, EBC shares have decreased by 6.4% and is now trading at $13.29. View the best growth stocks for 2024 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 5,290,000 shares, an increase of 7.3% from the April 30th total of 4,930,000 shares. Based on an average daily volume of 929,300 shares, the short-interest ratio is presently 5.7 days. Currently, 3.3% of the company's shares 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 25th 2024. View our EBC earnings forecast. How were Eastern Bankshares' earnings last quarter? Eastern Bankshares, Inc. (NASDAQ:EBC) posted its earnings results on Friday, April, 26th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $230.30 million for the quarter, compared to the consensus estimate of $157.52 million. Eastern Bankshares had a net margin of 49.59% and a trailing twelve-month return on equity of 5.59%. During the same quarter last year, the company earned $0.38 earnings per share. How often does Eastern Bankshares pay dividends? What is the dividend yield for Eastern Bankshares? Eastern Bankshares declared a quarterly dividend on Thursday, April 25th. Investors of record on Monday, June 3rd will be given a dividend of $0.11 per share on Friday, June 14th. This represents a $0.44 annualized dividend and a yield of 3.31%. The ex-dividend date is Monday, June 3rd. 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 3.21%. 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 15.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EBC will have a dividend payout ratio of 29.53% 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), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY) and FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD). Who are Eastern Bankshares' major shareholders? Eastern Bankshares' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.23%), Janus Henderson Group PLC (2.15%), Jennison Associates LLC (1.70%), William Blair Investment Management LLC (1.43%), Mutual of America Capital Management LLC (0.21%) and Jupiter Asset Management Ltd. (0.16%). 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 6/5/2024 by MarketBeat.com Staff From Our PartnersWas the Great Financial Crisis fun?The Great Financial Crisis, which actually started in the summer of 2007 and did not end until March of 2009, ...Brooks Enterprises| Sponsored[Webinar] Understanding Covered CallsDiscover the details of this option-selling strategy.OIC| SponsoredWhat’s Pelosi Buying Now?They Make the Top Investors Look Like Amateurs They beat the market for three years straight… avoided some ...Altimetry| SponsoredMoonshot Coins for the Current Crypto RunDid you see bitcoin crossed $70k again? Don't miss the next bull run. Because while Bitcoin and Ethereum s...Crypto 101 Media| SponsoredElon Musk’s Final Masterpiece: “X-9840”The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Ju...Paradigm Press| SponsoredAre You Positioned For The New Energy Goldrush?Open AI’s Sam Altman recently helped this company raise $577 million in funding… What’s more is, It has alr...Wealthpin Pro| SponsoredMan Who Called Nvidia at $1.10 Says Buy This Now...In 2004, one man called Nvidia before just about anyone knew it existed. Now, this same guy says a new comp...The Oxford Club| SponsoredHow Biden has already won 2024Obama’s Forever Term [Exposed] or Obama Biden has already won 2024 Exposed: the shocking election plot that...Porter & Company| Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Eastern Bankshares, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Share Eastern Bankshares With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.