NASDAQ:EBC Eastern Bankshares (EBC) Stock Price, News & Analysis → The 'Smart Money' Is Ready for May 1st Are You? (From Stansberry Research) (Ad) Free EBC Stock Alerts $13.13 +0.05 (+0.38%) (As of 04/24/2024 ET) Add Compare Share Share Today's Range$12.90▼$13.1550-Day Range$12.24▼$14.0052-Week Range$9.93▼$15.07Volume750,898 shsAverage Volume814,691 shsMarket Capitalization$2.32 billionP/E Ratio9.31Dividend Yield3.35%Price Target$15.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Eastern Bankshares alerts: Email Address Eastern Bankshares MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside16.1% Upside$15.25 Price TargetShort InterestBearish3.04% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.65Upright™ Environmental ScoreNews Sentiment-0.33Based on 3 Articles This WeekInsider TradingSelling Shares$526,967 Sold Last QuarterProj. Earnings Growth27.12%From $1.18 to $1.50 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.4.36 out of 5 starsFinance Sector208th out of 857 stocksFederal Savings Institutions Industry6th out of 30 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 only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.04% 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.Change versus previous monthShort interest in Eastern Bankshares has recently increased by 3.86%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldEastern Bankshares pays a meaningful dividend of 3.36%, 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 31.21%. 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 29.33% next year. This indicates that Eastern Bankshares will be able to sustain or increase its 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 0.9 News and Social Media Coverage News SentimentEastern Bankshares has a news sentiment score of -0.33. 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 is a lower news sentiment than the 0.51 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Eastern Bankshares this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for EBC on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 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. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Eastern Bankshares are expected to grow by 27.12% in the coming year, from $1.18 to $1.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Eastern Bankshares is 9.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.79.Price to Earnings Ratio vs. SectorThe P/E ratio of Eastern Bankshares is 9.31, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.51.Price to Book Value per Share RatioEastern Bankshares has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad WealthPress$25,000 into $109,616 in two months? Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…Go here to watch the most recent trading workshop video at no charge. 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 HeadlinesApril 25, 2024 | americanbankingnews.comEastern Bankshares, Inc. (NASDAQ:EBC) Receives Average Rating of "Hold" from BrokeragesApril 18, 2024 | americanbankingnews.comEastern Bankshares (EBC) Scheduled to Post Earnings on ThursdayApril 25, 2024 | TradeSmith (Ad)The A.I. story nobody is telling you (Read ASAP)There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...April 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)April 25, 2024 | TradeSmith (Ad)The A.I. story nobody is telling you (Read ASAP)There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...March 16, 2024 | finance.yahoo.comEBC Apr 2024 15.000 callMarch 6, 2024 | businesswire.comEastern Bank Announces DPV Transportation (DPV) As A Commercial Banking CustomerFebruary 25, 2024 | morningstar.comEastern Bankshares Inc Ordinary Shares EBCFebruary 24, 2024 | msn.comEastern Bankshares (EBC) Price Target Increased by 6.45% to 16.83February 22, 2024 | benzinga.comEastern Bankshares Stock (NASDAQ:EBC), Short Interest ReportFebruary 18, 2024 | finance.yahoo.comWith 69% ownership of the shares, Eastern Bankshares, Inc. (NASDAQ:EBC) is heavily dominated by institutional ownersFebruary 17, 2024 | ca.finance.yahoo.comEBC Mar 2024 15.000 callJanuary 29, 2024 | markets.businessinsider.comKBW Remains a Buy on Eastern Bankshares (EBC)January 28, 2024 | finance.yahoo.comEastern Bankshares, Inc. (NASDAQ:EBC) Q4 2023 Earnings Call TranscriptJanuary 26, 2024 | finance.yahoo.comEastern Bankshares, Inc. (EBC) Misses Q4 Earnings EstimatesJanuary 26, 2024 | seekingalpha.comEastern Bankshares, Inc. 2023 Q4 - Results - Earnings Call PresentationJanuary 25, 2024 | finance.yahoo.comCompared to Estimates, Eastern Bankshares, Inc. (EBC) Q4 Earnings: A Look at Key MetricsJanuary 25, 2024 | benzinga.comRecap: Eastern Bankshares Q4 EarningsJanuary 25, 2024 | msn.comEastern Bankshares declares $0.11 dividendJanuary 25, 2024 | finance.yahoo.comEastern Bankshares Inc (EBC) Reports Significant Gain from Insurance Operations Sale in Q4 2023January 25, 2024 | finance.yahoo.comEastern Bankshares, Inc. Reports Fourth Quarter 2023 Financial ResultsJanuary 23, 2024 | finance.yahoo.comEastern Bankshares, Inc. (EBC) Q4 Earnings Preview: What You Should Know Beyond the Headline EstimatesJanuary 4, 2024 | finance.yahoo.comEastern Bankshares, Inc. Announces Fourth Quarter 2023 Earnings Release Date, Conference Call and WebcastSee 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 Earnings10/27/2021Ex-Dividend for 3/15 Dividend2/29/2024Dividend Payable3/15/2024Today4/25/2024Next Earnings (Confirmed)4/25/2024Fiscal 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+16.1%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.41 Trailing P/E Ratio9.31 Forward P/E Ratio11.13 P/E GrowthN/ANet Income$232.18 million Net MarginsN/A Pretax Margin-22.55% Return on Equity6.66% Return on Assets0.81% Debt Debt-to-Equity Ratio0.01 Current Ratio0.82 Quick Ratio0.82 Sales & Book Value Annual Sales$558.71 million Price / Sales4.15 Cash Flow$1.14 per share Price / Cash Flow11.56 Book Value$16.86 per share Price / Book0.78Miscellaneous Outstanding Shares176,430,000Free Float174,398,000Market Cap$2.32 billion OptionableOptionable Beta0.85 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.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:BKUFlagstar BancorpNYSE:FBCColumbia FinancialNASDAQ:CLBKAxos FinancialNYSE:AXProvident Financial ServicesNYSE:PFSView All CompetitorsInsiders & InstitutionsEssex Financial Services Inc.Sold 1,370 shares on 4/24/2024Ownership: 0.044%Hennessy Advisors Inc.Sold 3,000 shares on 4/16/2024Ownership: 0.105%Lynch & Associates INSold 1,000 shares on 4/9/2024Ownership: 0.020%Beese Fulmer Investment Management Inc.Sold 4,000 shares on 4/8/2024Ownership: 0.038%Quadrature Capital LtdBought 13,328 shares on 3/25/2024Ownership: 0.008%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 12 month price objectives for Eastern Bankshares' stock. Their EBC share price targets range from $14.00 to $16.50. On average, they expect the company's stock price to reach $15.25 in the next twelve months. This suggests a possible upside of 16.1% 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 at the beginning of the year. Since then, EBC shares have decreased by 7.5% and is now trading at $13.13. View the best growth stocks for 2024 here. When is Eastern Bankshares' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our EBC earnings forecast. How can I listen to Eastern Bankshares' earnings call? Eastern Bankshares will be holding an earnings conference call on Friday, April 26th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Eastern Bankshares' earnings last quarter? Eastern Bankshares, Inc. (NASDAQ:EBC) issued its quarterly earnings results on Wednesday, October, 27th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.01. The business earned $145.90 million during the quarter, compared to the consensus estimate of $150.95 million. How often does Eastern Bankshares pay dividends? What is the dividend yield for Eastern Bankshares? Eastern Bankshares declared a quarterly dividend on Thursday, January 25th. Shareholders of record on Friday, March 1st will be given a dividend of $0.11 per share on Friday, March 15th. This represents a $0.44 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, February 29th. 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 3.36%. 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 31.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EBC will have a dividend payout ratio of 29.33% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for EBC. What ETF holds Eastern Bankshares' stock? Invesco KBW Regional Banking ETF holds 71,838 shares of EBC stock, representing 1.77% of its portfolio. Who are Eastern Bankshares' major shareholders? Eastern Bankshares' stock is owned by many different retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.10%), Essex Financial Services Inc. (0.04%), Beese Fulmer Investment Management Inc. (0.04%) and Lynch & Associates IN (0.02%). 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 4/25/2024 by MarketBeat.com Staff From Our PartnersThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingThis Apple-like Innovator is Revolutionizing HealthcareWall Street StarHe Is Giving Away BitcoinCrypto Swap ProfitsBitcoin Rockets To Record High But Buy THIS InsteadParadigm Presstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyPrepare for a recession unlike any otherAmerican Hartford Gold GroupWill this $2 AI stock double overnight?Behind the MarketsRed Alert: Your Money's Disappearance Act - Banks' Greed Unleashed!Priority Gold 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. 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