NASDAQ:EBC Eastern Bankshares (EBC) Stock Price, News & Analysis $16.88 +0.56 (+3.43%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$16.26▼$17.2650-Day Range$12.85▼$16.8852-Week Range$10.65▼$17.26Volume3.48 million shsAverage Volume986,532 shsMarket Capitalization$2.98 billionP/E Ratio5.92Dividend Yield2.61%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/Downside9.7% Downside$15.25 Price TargetShort InterestBearish4.32% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.65Upright™ Environmental ScoreNews Sentiment0.45Based on 13 Articles This WeekInsider TradingN/AProj. 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.3.93 out of 5 starsFinance Sector238th out of 898 stocksFederal Savings Institutions Industry7th out of 36 stocks 1.2 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 Shorted4.32% of the outstanding shares of Eastern Bankshares have been sold short.Short Interest Ratio / Days to CoverEastern Bankshares has a short interest ratio ("days to cover") of 7.9.Change versus previous monthShort interest in Eastern Bankshares has recently increased by 21.11%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldEastern Bankshares pays a meaningful dividend of 2.73%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEastern Bankshares does not have a long track record of dividend growth.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 21.93% 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 3.0 News and Social Media Coverage News SentimentEastern Bankshares has a news sentiment score of 0.45. 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 13 news articles for Eastern Bankshares this week, compared to 2 articles on an average week.Search Interest5 people have searched for EBC on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.MarketBeat Follows8 people have added Eastern Bankshares to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Eastern Bankshares insiders have not sold or bought any 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 3.1 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 5.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.20.Price to Earnings Ratio vs. SectorThe P/E ratio of Eastern Bankshares is 5.92, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.62.Price to Book Value per Share RatioEastern Bankshares has a P/B Ratio of 1.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Eastern Bankshares' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap Profits625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.>> Dive into the Workshop Here 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 HeadlinesJuly 26 at 3:36 PM | seekingalpha.comEastern Bankshares, Inc. (EBC) Q2 2024 Earnings Call TranscriptJuly 26 at 3:36 PM | markets.businessinsider.comPiper Sandler Reaffirms Their Buy Rating on Eastern Bankshares (EBC)July 27, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.July 26 at 3:36 PM | msn.comEastern Bankshares (EBC) Q2 2024 Earnings Call TranscriptJuly 25 at 10:12 PM | msn.comEBC Stock Earnings: Eastern Bankshares Beats EPS, Beats Revenue for Q2 2024July 25 at 7:10 AM | msn.comStocks Slip Before the Open as Investors Await Key U.S. GDP Data and Earnings ReportsJuly 25 at 7:10 AM | msn.comEastern Bankshares Q2 2024 Earnings PreviewJuly 23, 2024 | americanbankingnews.comEastern Bankshares (EBC) Scheduled to Post Earnings on ThursdayJuly 27, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.May 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 CompanySee 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 Last Earnings4/26/2024Ex-Dividend for 6/14 Dividend6/03/2024Dividend Payable6/14/2024Today7/26/2024Next Earnings (Estimated)10/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Federal savings institutions Sub-IndustryBanking 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-9.7%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.85 Trailing P/E Ratio5.92 Forward P/E Ratio14.55 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 / Sales5.34 Cash Flow$1.19 per share Price / Cash Flow14.23 Book Value$16.86 per share Price / Book1.00Miscellaneous Outstanding Shares176,630,000Free Float174,600,000Market Cap$2.98 billion OptionableOptionable Beta0.89 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.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 CompetitorsBankUnitedNYSE:BKUProvident Financial ServicesNYSE:PFSUmpquaNASDAQ:UMPQFlagstar BancorpNYSE:FBCTFS FinancialNASDAQ:TFSLView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 32,741 shares on 7/26/2024Ownership: 0.603%Hennessy Advisors Inc.Bought 40,000 shares on 7/23/2024Ownership: 0.127%Rockland Trust Co.Bought 24,480 shares on 7/23/2024Ownership: 0.025%O ROURKE & COMPANY IncSold 6,500 shares on 7/18/2024Ownership: 0.014%Diversified Trust CoBought 17,495 shares on 7/16/2024Ownership: 0.010%View All Insider TransactionsView All Institutional Transactions EBC Stock Analysis - Frequently Asked Questions How have EBC shares performed this year? Eastern Bankshares' stock was trading at $14.20 on January 1st, 2024. Since then, EBC stock has increased by 18.9% and is now trading at $16.88. View the best growth stocks for 2024 here. How were Eastern Bankshares' earnings last quarter? Eastern Bankshares, Inc. (NASDAQ:EBC) released its earnings results on Friday, April, 26th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.03. The firm 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%. Who are Eastern Bankshares' major shareholders? Top institutional shareholders of Eastern Bankshares include Bank of New York Mellon Corp (0.60%), Hennessy Advisors Inc. (0.13%), Beese Fulmer Investment Management Inc. (0.04%) and Rockland Trust Co. (0.02%). Insiders that own company stock include Greg Allen Sr Shell, Luis Borgen, Gregory Paul Buscone, Nancy Huntington Stager and Bari A Harlam. 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 7/27/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredNext opportunity for crypto millionsThe Bitcoin halving is the #1 creator of "crypto millionaires". That's because historically, every halving has...Crypto 101 Media | Sponsoredtop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. 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