Eastern Bankshares
EBC

$16.15

2.3%

Market Cap: $3.24B

About: Eastern Bankshares Inc is a commercial bank that caters its products and services to retail, commercial, and small business customers. Its diversified products and services include lending, deposit, wealth management, and insurance products. The company has one operating segment; Banking business which offers a range of banking lending, savings, and small business offerings, and its wealth management and trust operations.

Employees: 1,744

Financials Savings Institution, Federally Chartered

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

194% more call options, than puts

Call options by funds: $2.54M | Put options by funds: $864K

61% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 51

5% more capital invested

Capital invested by funds: $1.58B [Q1] → $1.66B (+$85.5M) [Q2]

2.45% more ownership

Funds ownership: 65.03% [Q1] → 67.48% (+2.45%) [Q2]

4% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 28

1% more funds holding

Funds holding: 192 [Q1] → 193 (+1) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$18.50

15%

upside

Avg. target

$18.75

16%

upside

High target

$19

18%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

JP Morgan Janet Lee 0 / 0 met price target	15%upside $18.50	Neutral Upgraded	6 Aug 2024
Keefe, Bruyette & Woods Damon Delmonte 43% 1-year accuracy 6 / 14 met price target	18%upside $19	Outperform Reiterated	29 Jul 2024

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Financial journalist opinion

Eastern Bank Announces Senior Leadership Appointments

BOSTON--(BUSINESS WIRE)--Following its recent merger with Cambridge Trust and as part of its enhanced focus on product development, wealth management and private banking, Eastern Bank is pleased to announce that Executive Vice President Sujata Yadav has been named Chief Product Officer, and several former Cambridge Trust leaders have been named to the following roles at Eastern Bank: Jeffrey F. Smith, Executive Vice President, Wealth Management; Danielle Remis Hackel, Executive Vice President,.

Eastern Bank Announces Senior Leadership Appointments

Eastern Bank Is Recognized By Disability:IN® as a 2024 Best Place to Work for Disability Inclusion

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce it has been recognized by Disability:IN as a top-scoring business in the Disability Equality Index® and as a 2024 Best Place to Work for Disability Inclusion. The Disability Equality Index is a joint initiative of Disability:IN and The American Association of People with Disabilities, and is acknowledged today as the most robust disability inclusion assessment tool in business. “Eastern Bank thanks Disability:IN for its efforts in dri.

Eastern Bank Is Recognized By Disability:IN® as a 2024 Best Place to Work for Disability Inclusion

Eastern Bankshares, Inc. (EBC) Q2 2024 Earnings Call Transcript

Eastern Bankshares, Inc. (NASDAQ:EBC ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Bob Rivers - Chair & Chief Executive Officer Denis Sheahan - CEO James Fitzgerald - Chief Financial & Chief Administrative Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Seaport Research Operator Hello, and welcome to the Eastern Bankshares, Inc., Second Quarter 2024 Earnings Conference Call. Today's call will include forward-looking statements, including statements about Eastern's future financial and operating results, outlook, business strategies, and plans, as well as other opportunities and potential risks that management foresees.

Eastern Bankshares, Inc. (EBC) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Compared to Estimates, Eastern Bankshares (EBC) Q2 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Eastern Bankshares (EBC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Eastern Bankshares (EBC) Q2 Earnings: A Look at Key Metrics

Zacks Investment Research

Eastern Bankshares, Inc. (EBC) Matches Q2 Earnings Estimates

Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.28 per share a year ago.

Eastern Bankshares, Inc. (EBC) Matches Q2 Earnings Estimates

Eastern Bankshares, Inc. Reports Second Quarter 2024 Financial Results

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Second Quarter 2024 Financial Results.

Eastern Bankshares, Inc. Reports Second Quarter 2024 Financial Results

Zacks Investment Research

Eastern Bankshares (EBC) Closes Merger With Cambridge Bancorp

Eastern Bankshares (EBC) acquires Cambridge Bancorp in an all-stock transaction. This enhances the company's position as a leading local bank in Greater Boston and aligns with its expansion strategy.

Eastern Bankshares (EBC) Closes Merger With Cambridge Bancorp

Zacks Investment Research

3 Top Breakout Stocks to Keep on Your Radar: BRFS, PBI, EBC

BRF (BRFS), Pitney Bowes (PBI) and Eastern Bankshares (EBC) have been selected as the breakout stocks for today.

3 Top Breakout Stocks to Keep on Your Radar: BRFS, PBI, EBC

Chemical Insights Research Institute Partners with Duke University and the East-West Center to Examine Dust and Ash from Devastating Hawaiian Wildfires

ATLANTA--(BUSINESS WIRE)--Chemical Insights Research Institute (CIRI) of UL Research Institutes applies cutting edge technologies to evaluate the toxicity of burn-impacted land areas affected by the August 2023 Lahaina wildfires. Created with CIRI research partners from Duke University and the East-West Center (EWC) in Hawai'i, the study known as Lahaina Environmental Assessment Project (LEAP), will collect and analyze residual dust, soil and ash samples from properties affected by the fires. T.

Chemical Insights Research Institute Partners with Duke University and the East-West Center to Examine Dust and Ash from Devastating Hawaiian Wildfires

Eastern Bank Provides Financing for Capstan Atlantic's Conversion to an Employee-Owned Company

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce it has provided the financing to facilitate Capstan Atlantic's conversion to an employee-owned company. Founded in 1956 and located in Wrentham, MA, Capstan Atlantic is an industry leading powder metal manufacturer producing complex gears, sprockets and structural components for the automotive industry and a wide array of other applications, including lawn mowers, snowblowers and all-terrain vehicles. Eastern Bank is providing a term.

Eastern Bank Provides Financing for Capstan Atlantic's Conversion to an Employee-Owned Company

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