Eastern Bankshares (EBC) to Release Quarterly Earnings on Thursday

Eastern Bankshares (NASDAQ:EBCGet Free Report) will likely be releasing its Q2 2025 earnings data after the market closes on Thursday, July 24th. Analysts expect Eastern Bankshares to post earnings of $0.38 per share and revenue of $241.32 million for the quarter.

Eastern Bankshares (NASDAQ:EBCGet Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Eastern Bankshares had a positive return on equity of 6.42% and a negative net margin of 15.56%. The business had revenue of $222.40 million for the quarter, compared to analyst estimates of $226.98 million. On average, analysts expect Eastern Bankshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Eastern Bankshares Stock Performance

Shares of Eastern Bankshares stock opened at $15.69 on Thursday. Eastern Bankshares has a 52 week low of $13.51 and a 52 week high of $19.40. The business’s fifty day simple moving average is $15.23 and its 200-day simple moving average is $16.18. The firm has a market cap of $3.35 billion, a PE ratio of -24.14 and a beta of 0.94. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01.

Eastern Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Tuesday, June 3rd were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, June 3rd. This is a positive change from Eastern Bankshares’s previous quarterly dividend of $0.12. Eastern Bankshares’s dividend payout ratio is -80.00%.

Insider Transactions at Eastern Bankshares

In related news, Director Luis Borgen sold 2,348 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $15.60, for a total transaction of $36,628.80. Following the transaction, the director owned 29,011 shares of the company’s stock, valued at approximately $452,571.60. This represents a 7.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Eastern Bankshares

Several large investors have recently bought and sold shares of the stock. Strs Ohio purchased a new stake in Eastern Bankshares during the 1st quarter worth about $130,000. Jane Street Group LLC increased its holdings in Eastern Bankshares by 789.9% during the 1st quarter. Jane Street Group LLC now owns 545,589 shares of the company’s stock worth $8,948,000 after purchasing an additional 484,277 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Eastern Bankshares by 7.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 432,405 shares of the company’s stock worth $7,091,000 after purchasing an additional 29,781 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Eastern Bankshares by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 114,881 shares of the company’s stock worth $1,884,000 after purchasing an additional 5,028 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in Eastern Bankshares during the 1st quarter worth about $954,000. Hedge funds and other institutional investors own 71.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods decreased their price target on Eastern Bankshares from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th.

Check Out Our Latest Stock Analysis on Eastern Bankshares

About Eastern Bankshares

(Get Free Report)

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.

Recommended Stories

Earnings History for Eastern Bankshares (NASDAQ:EBC)

Receive News & Ratings for Eastern Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eastern Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.