Eastern Bankshares (EBC) News Today

Eastern Bankshares (NASDAQ:EBC) will be releasing earnings after the market closes on Thursday, October 24, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=428296)

Eastern Bankshares (NASDAQ:EBC) Hits New 1-Year High - What's Next?

Sentinel Pension Advisors Inc. bought a new position in Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 124,979 shares of the company'

Single Point Partners LLC trimmed its holdings in Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) by 28.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 104,067 shares of the company's stock after selling 41,334 shares during the quarter

The Manufacturers Life Insurance Company cut its holdings in Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,367,685 shares of the company's stock after sell

Eastern Bankshares, Inc. (NASDAQ:EBC - Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 3,760,000 shares, an increase of 9.6% from the August 31st total of 3,430,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the short-interest ratio is currently 2.9 days.

Renaissance Technologies LLC reduced its position in shares of Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) by 50.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 205,500 shares of the company's st

Systematic Financial Management LP purchased a new stake in shares of Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 248,750 shares of the company's stock, valued at approximately $3,478

Dimensional Fund Advisors LP increased its position in shares of Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) by 24.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,835,761

Caxton Associates LP acquired a new stake in Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 84,699 shares of the company's stock, valued at appr

Mutual of America Capital Management LLC reduced its holdings in Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) by 14.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 320,137 shares of the company's

Massachusetts Financial Services Co. MA increased its stake in shares of Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) by 58.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,079,028 shares of the company's stock

Eastern Bankshares, Inc. (NASDAQ:EBC - Get Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 3,430,000 shares, a decline of 7.5% from the August 15th total of 3,710,000 shares. Based on an average trading volume of 1,240,000 shares, the days-to-cover ratio is presently 2.8 days.

Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) - Stock analysts at Seaport Res Ptn lowered their FY2024 earnings per share estimates for Eastern Bankshares in a research note issued to investors on Thursday, September 12th. Seaport Res Ptn analyst L. Hunsicker now expects that the company wi

Jupiter Asset Management Ltd. lifted its position in Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) by 24.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 344,380 shares of the company's stock after b

Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) - Equities research analysts at Seaport Res Ptn dropped their Q3 2024 earnings per share (EPS) estimates for shares of Eastern Bankshares in a research note issued on Thursday, September 12th. Seaport Res Ptn analyst L. Hunsicker now expects tha

Quest Partners LLC increased its position in Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) by 63,717.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,179 shares of the company's stock after buying an additional 63,080 shares during the

Bank of New York Mellon Corp boosted its holdings in Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,064,969 shares of the company's stock a

Panagora Asset Management Inc. acquired a new stake in shares of Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 88,187 shares of the company's

Stieven Capital Advisors L.P. purchased a new stake in Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 480,477 shares of the company's stoc

Hennessy Advisors Inc. boosted its holdings in Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) by 21.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 225,000 shares of the company's stock after purchasing

Eastern Bankshares, Inc. (NASDAQ:EBC - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the three research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and two have gi

Eastern Bankshares, Inc. (NASDAQ:EBC - Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 3,790,000 shares, a decline of 50.3% from the July 15th total of 7,630,000 shares. Based on an average daily volume of 1,140,000 shares, the days-to-cover ratio is presently 3.3 days.

JPMorgan Chase & Co. raised shares of Eastern Bankshares from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $14.00 to $18.50 in a research note on Tuesday.

Vanguard Group Inc. trimmed its position in shares of Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) by 0.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,287,657 shares of the company's stock after selling 95

Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) - Stock analysts at Seaport Res Ptn lifted their FY2024 earnings per share (EPS) estimates for shares of Eastern Bankshares in a research note issued to investors on Monday, July 29th. Seaport Res Ptn analyst L. Hunsicker now expects that the co

Shares of Eastern Bankshares, Inc. (NASDAQ:EBC - Get Free Report) have earned an average rating of "Hold" from the three analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and two have given a buy recommenda

Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $19.00 price objective (up previously from $17.00) on shares of Eastern Bankshares in a research note on Monday.

Eastern Bankshares (NASDAQ:EBC - Get Free Report) posted its earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company 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 return on equity of 5.14%. During the same period last year, the business posted $0.28 earnings per share.

Eastern Bankshares, Inc. (NASDAQ:EBC) announced a quarterly dividend on Thursday, July 25th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of 0.11 per share on Monday, September 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Tuesday, September 3rd.

Eastern Bankshares (NASDAQ:EBC) Sets New 1-Year High at $17.12

Edgestream Partners L.P. lessened its holdings in shares of Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) by 84.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,496 shares of the company's st

Jupiter Asset Management Ltd. purchased a new stake in shares of Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 276,052 shares of the company's stock, valued at approximately $3,804,000. Jupiter Asset Ma

Eastern Bankshares (NASDAQ:EBC) Reaches New 12-Month High at $16.64