Should I buy or sell Eastern Bankshares stock right now?

3 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 2 buy ratings 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 .

What is Eastern Bankshares' stock price target for 2024?

3 brokerages have issued 12-month target prices for Eastern Bankshares' shares. Their EBC share price targets range from $14.00 to $16.50. On average, they anticipate the company's share price to reach $15.25 in the next twelve months. This suggests a possible upside of 21.3% 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 2024. Since then, EBC stock has decreased by 11.5% and is now trading at $12.57. 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) released its earnings results on Thursday, January, 25th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.21 by $0.11. The business earned $160.05 million during the quarter, compared to analyst estimates of $153.53 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. Stockholders of record on Friday, March 1st will be paid 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 3.50%. The ex-dividend date 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 3.49%. 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 institutional and retail investors. Top institutional investors include Hennessy Advisors Inc. (0.10%), 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 .

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NASDAQ:EBC

Eastern Bankshares (EBC) Stock Price, News & Analysis

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$12.37

-0.20 (-1.59%)

(As of 10:58 AM ET)

Compare

Today's Range: $12.22
▼
$12.47
50-Day Range: $12.57
▼
$14.27
52-Week Range: $9.93
▼
$15.07

Volume: 123,760 shs
Average Volume: 949,500 shs
Market Capitalization: $2.18 billion

P/E Ratio: 8.77
Dividend Yield: 3.56%
Price Target: $15.25

Get Eastern Bankshares alerts:

Eastern Bankshares MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 21.3% Upside
$15.25 Price Target
Short Interest: Bearish
3.04% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.65
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$526,967 Sold Last Quarter
Proj. Earnings Growth: 27.12%
From $1.18 to $1.50 Per Share

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.

4.58 out of 5 stars

Finance Sector

152nd out of 878 stocks

Federal Savings Institutions Industry

6th out of 35 stocks

2.2

Analyst's Opinion

Consensus Rating
Eastern 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 Coverage
Eastern Bankshares has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.04% of the float of Eastern Bankshares has been sold short.
Short Interest Ratio / Days to Cover
Eastern Bankshares has a short interest ratio ("days to cover") of 5.
Change versus previous month
Short interest in Eastern Bankshares has recently increased by 3.86%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Eastern Bankshares pays a meaningful dividend of 3.49%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Eastern Bankshares has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Eastern Bankshares is 31.21%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based 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.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Eastern 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 Sustainability
The Environmental Impact score for Eastern Bankshares is -0.65.

2.7

News and Social Media Coverage

News Sentiment
Eastern Bankshares has a news sentiment score of 1.89. 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 higher news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Eastern Bankshares this week, compared to 2 articles on an average week.
Search Interest
Only 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.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 1.15% of the stock of Eastern Bankshares is held by insiders.
Percentage Held by Institutions
71.68% of the stock of Eastern Bankshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of Eastern Bankshares is 8.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Eastern Bankshares is 8.91, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.90.
Price to Book Value per Share Ratio
Eastern Bankshares has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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.

EBC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EBC Stock News Headlines

March 22, 2024 | insidertrades.com

Luis Borgen Sells 40,288 Shares of Eastern Bankshares, Inc. (NASDAQ:EBC) Stock

April 5, 2024 | nasdaq.com

EBC Crosses Below Key Moving Average Level

April 16, 2024 | InvestorPlace (Ad)

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April 4, 2024 | businesswire.com

Eastern Bankshares, Inc. Announces First Quarter 2024 Earnings Release Date, Conference Call and Webcast

March 21, 2024 | finance.yahoo.com

Director Luis Borgen Sells 40,288 Shares of Eastern Bankshares Inc (EBC)

March 16, 2024 | investing.com

Eastern Bankshares Inc (EBC)

March 16, 2024 | finance.yahoo.com

EBC Apr 2024 15.000 call

March 6, 2024 | businesswire.com

Eastern Bank Announces DPV Transportation (DPV) As A Commercial Banking Customer

April 16, 2024 | InvestorPlace (Ad)

REVEALED: Elon Musk’s Secret A.I. Facility?

I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.

February 25, 2024 | morningstar.com

Eastern Bankshares Inc Ordinary Shares EBC

February 24, 2024 | msn.com

Eastern Bankshares (EBC) Price Target Increased by 6.45% to 16.83

February 22, 2024 | benzinga.com

Eastern Bankshares Stock (NASDAQ:EBC), Short Interest Report

February 18, 2024 | finance.yahoo.com

With 69% ownership of the shares, Eastern Bankshares, Inc. (NASDAQ:EBC) is heavily dominated by institutional owners

February 17, 2024 | ca.finance.yahoo.com

EBC Mar 2024 15.000 call

January 29, 2024 | markets.businessinsider.com

KBW Remains a Buy on Eastern Bankshares (EBC)

January 28, 2024 | finance.yahoo.com

Eastern Bankshares, Inc. (NASDAQ:EBC) Q4 2023 Earnings Call Transcript

January 26, 2024 | finance.yahoo.com

Eastern Bankshares, Inc. (EBC) Misses Q4 Earnings Estimates

January 26, 2024 | seekingalpha.com

Eastern Bankshares, Inc. 2023 Q4 - Results - Earnings Call Presentation

January 25, 2024 | finance.yahoo.com

Compared to Estimates, Eastern Bankshares, Inc. (EBC) Q4 Earnings: A Look at Key Metrics

January 25, 2024 | benzinga.com

Recap: Eastern Bankshares Q4 Earnings

January 25, 2024 | msn.com

Eastern Bankshares declares $0.11 dividend

January 25, 2024 | finance.yahoo.com

Eastern Bankshares Inc (EBC) Reports Significant Gain from Insurance Operations Sale in Q4 2023

January 25, 2024 | finance.yahoo.com

Eastern Bankshares, Inc. Reports Fourth Quarter 2023 Financial Results

January 23, 2024 | finance.yahoo.com

Eastern Bankshares, Inc. (EBC) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

January 4, 2024 | finance.yahoo.com

Eastern Bankshares, Inc. Announces Fourth Quarter 2023 Earnings Release Date, Conference Call and Webcast

December 22, 2023 | nasdaq.com

EBC Breaks Above 3% Yield Territory

December 12, 2023 | finance.yahoo.com

Eastern Bank Named #1 SBA Lender in Massachusetts for the 15th Year in a Row

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Ex-Dividend for 3/15 Dividend: 2/29/2024
Dividend Payable: 3/15/2024
Today: 4/15/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Federal savings institutions
Sub-Industry: N/A
Current Symbol: NASDAQ:EBC
CUSIP: N/A
CIK: 1810546
Web: www.easternbank.com
Phone: 800-327-8376
Fax: N/A
Employees: 1,744
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $15.25
High Stock Price Target: $16.50
Low Stock Price Target: $14.00
Potential Upside/Downside: +21.3%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.41
Trailing P/E Ratio: 8.91
Forward P/E Ratio: 10.65
P/E Growth: N/A
Net Income: $232.18 million
Net Margins: N/A
Pretax Margin: -22.55%
Return on Equity: 6.66%
Return on Assets: 0.81%

Debt

Debt-to-Equity Ratio: 0.01
Current Ratio: 0.82
Quick Ratio: 0.82

Sales & Book Value

Annual Sales: $558.71 million
Price / Sales: 3.97
Cash Flow: $1.13 per share
Price / Cash Flow: 11.15
Book Value: $16.86 per share
Price / Book: 0.75

Miscellaneous

Outstanding Shares: 176,430,000
Free Float: 174,398,000
Market Cap: $2.22 billion
Optionable: Optionable
Beta: 0.85

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Key Executives

Mr. Robert F. Rivers (Age 59)
Chairman & CEO
Comp: $2.23M
Mr. Quincy L. Miller (Age 49)
President
Comp: $1.09M
Mr. James B. Fitzgerald (Age 66)
CFO, Chief Administrative Officer & Treasurer
Comp: $1.1M
Ms. Kathleen Cloherty Henry Esq. (Age 51)
Executive VP, General Counsel & Corporate Secretary
Comp: $724.52k
Mr. Donald Michael Westermann (Age 46)
Executive VP & Chief Information Officer of Eastern Bank
Comp: $723.05k
Ms. Jillian A. Belliveau
Head of Investor Relations
Ms. Nancy Huntington Stager (Age 63)
President & CEO of Eastern Bank Foundation

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

EBC Stock Analysis - Frequently Asked Questions

Should I buy or sell Eastern Bankshares stock right now?: 3 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 2 buy ratings 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.
What is Eastern Bankshares' stock price target for 2024?: 3 brokerages have issued 12-month target prices for Eastern Bankshares' shares. Their EBC share price targets range from $14.00 to $16.50. On average, they anticipate the company's share price to reach $15.25 in the next twelve months. This suggests a possible upside of 21.3% 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 2024. Since then, EBC stock has decreased by 11.5% and is now trading at $12.57.
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) released its earnings results on Thursday, January, 25th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.21 by $0.11. The business earned $160.05 million during the quarter, compared to analyst estimates of $153.53 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. Stockholders of record on Friday, March 1st will be paid 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 3.50%. The ex-dividend date 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 3.49%. 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 institutional and retail investors. Top institutional investors include Hennessy Advisors Inc. (0.10%), 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 4/16/2024 by MarketBeat.com Staff

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Eastern Bankshares (EBC) Stock Price, News & Analysis

Eastern Bankshares MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Eastern Bankshares Stock (NASDAQ:EBC)

EBC Stock Price History

EBC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

EBC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™