NASDAQ:EBC Eastern Bankshares (EBC) Stock Price, News & Analysis $16.15 -0.38 (-2.30%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$16.12▼$16.5850-Day Range$13.69▼$16.9752-Week Range$10.65▼$17.26Volume909,717 shsAverage Volume1.01 million shsMarket Capitalization$2.85 billionP/E Ratio5.67Dividend Yield2.72%Price Target$18.00 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 RatingModerate Buy2.67 Rating ScoreUpside/Downside11.5% Upside$18.00 Price TargetShort InterestHealthy2.10% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.65Upright™ Environmental ScoreNews Sentiment0.79Based on 4 Articles This WeekInsider TradingSelling Shares$211,182 Sold Last QuarterProj. Earnings Growth30.97%From $1.13 to $1.48 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.4.72 out of 5 starsFinance Sector55th out of 871 stocksFederal Savings Institutions Industry2nd out of 28 stocks 2.3 Analyst's Opinion Consensus RatingEastern Bankshares has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageEastern Bankshares has only been the subject of 2 research reports in the past 90 days.Read more about Eastern Bankshares' stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.10% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Eastern Bankshares has recently decreased by 2.11%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldEastern Bankshares pays a meaningful dividend of 2.59%, 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 29.73% 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 2.7 News and Social Media Coverage News SentimentEastern Bankshares has a news sentiment score of 0.79. 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 4 news articles for Eastern Bankshares this week, compared to 2 articles on an average week.Search Interest4 people have searched for EBC on MarketBeat in the last 30 days. This is an increase of 100% 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 $211,182.00 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Eastern Bankshares are expected to grow by 30.97% in the coming year, from $1.13 to $1.48 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Eastern Bankshares is 5.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.87.Price to Earnings Ratio vs. SectorThe P/E ratio of Eastern Bankshares is 5.67, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 32.21.Price to Book Value per Share RatioEastern Bankshares has a P/B Ratio of 1.17. 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. 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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 HeadlinesSeptember 6 at 8:50 AM | insidertrades.comQuincy Lee Miller Sells 12,676 Shares of Eastern Bankshares, Inc. (NASDAQ:EBC) StockAugust 29, 2024 | finance.yahoo.comShould You Buy Eastern Bankshares, Inc. (NASDAQ:EBC) For Its Upcoming Dividend?September 7, 2024 | Golden Crest (Ad)Biden's Successor: The Radical Threat to YOUR Savings!Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.August 28, 2024 | americanbankingnews.comEastern Bankshares, Inc. (NASDAQ:EBC) Given Average Recommendation of "Moderate Buy" by BrokeragesAugust 28, 2024 | americanbankingnews.comEastern Bankshares, Inc. (NASDAQ:EBC) Receives $18.00 Consensus Target Price from BrokeragesAugust 12, 2024 | finance.yahoo.comEastern Bankshares Second Quarter 2024 Earnings: Misses ExpectationsAugust 6, 2024 | msn.comJP Morgan Upgrades Eastern Bankshares (EBC)August 6, 2024 | msn.comEastern Bankshares to see 'incremental benefits' from Cambridge Bancorp merger: JPMSeptember 7, 2024 | Golden Crest (Ad)Biden's Successor: The Radical Threat to YOUR Savings!Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.July 30, 2024 | finance.yahoo.comPBI Aug 2024 7.500 put (PBI240816P00007500)July 26, 2024 | seekingalpha.comEastern Bankshares, Inc. (EBC) Q2 2024 Earnings Call TranscriptJuly 26, 2024 | markets.businessinsider.comPiper Sandler Reaffirms Their Buy Rating on Eastern Bankshares (EBC)July 26, 2024 | msn.comEastern Bankshares (EBC) Q2 2024 Earnings Call TranscriptJuly 25, 2024 | msn.comEBC Stock Earnings: Eastern Bankshares Beats EPS, Beats Revenue for Q2 2024July 25, 2024 | msn.comStocks Slip Before the Open as Investors Await Key U.S. GDP Data and Earnings ReportsJuly 25, 2024 | msn.comEastern Bankshares Q2 2024 Earnings PreviewMay 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)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 6/14 Dividend6/03/2024Dividend Payable6/14/2024Last Earnings7/25/2024Ex-Dividend for 9/16 Dividend9/03/2024Today9/07/2024Dividend Payable9/16/2024Next 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$18.00 High Stock Price Target$19.00 Low Stock Price Target$16.50 Potential Upside/Downside+11.5%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.85 Trailing P/E Ratio5.67 Forward P/E Ratio14.29 P/E GrowthN/ANet Income$232.18 million Net Margins48.38% Pretax Margin18.37% Return on Equity5.06% Return on Assets0.68% Debt Debt-to-Equity Ratio0.01 Current Ratio0.84 Quick Ratio0.84 Sales & Book Value Annual Sales$623.53 million Price / Sales4.57 Cash Flow$1.08 per share Price / Cash Flow15.00 Book Value$13.76 per share Price / Book1.17Miscellaneous Outstanding Shares176,631,000Free Float174,600,000Market Cap$2.85 billion OptionableOptionable Beta0.89 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.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 CompetitorsTFS FinancialNASDAQ:TFSLUmpquaNASDAQ:UMPQBankUnitedNYSE:BKUProvident Financial ServicesNYSE:PFSFlagstar BancorpNYSE:FBCView All CompetitorsInsiders & InstitutionsQuincy Lee MillerSold 12,676 sharesTotal: $211,182.16 ($16.66/share)Systematic Financial Management LPBought 248,750 shares on 8/16/2024Ownership: 0.141%Creative PlanningBought 8,857 shares on 8/16/2024Ownership: 0.076%Susquehanna International Group LLPSold 75,300 shares on 8/16/2024Ownership: 0.000%Algert Global LLCBought 15,985 shares on 8/16/2024Ownership: 0.009%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 at the start of the year. Since then, EBC stock has increased by 13.7% and is now trading at $16.15. View the best growth stocks for 2024 here. How were Eastern Bankshares' earnings last quarter? Eastern Bankshares, Inc. (NASDAQ:EBC) announced its quarterly earnings results on Thursday, July, 25th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $232.72 million for the quarter, compared to analyst estimates of $157.45 million. Eastern Bankshares had a net margin of 48.38% and a trailing twelve-month return on equity of 5.06%. Who are Eastern Bankshares' major shareholders? Eastern Bankshares' top institutional investors include Dimensional Fund Advisors LP (2.74%), William Blair Investment Management LLC (1.43%), Massachusetts Financial Services Co. MA (1.18%) and The Manufacturers Life Insurance Company (0.77%). Insiders that own company stock include Greg Allen Sr Shell, Luis Borgen, Gregory Paul Buscone, Nancy Huntington Stager, Quincy Lee Miller 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 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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