Eastern Bankshares
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
499% more call options, than puts
Call options by funds: $4.6M | Put options by funds: $768K
205% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 22
171% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 38
38% more capital invested
Capital invested by funds: $1.67B [Q2] → $2.3B (+$631M) [Q3]
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
23% more funds holding
Funds holding: 193 [Q2] → 238 (+45) [Q3]
2.57% less ownership
Funds ownership: 67.73% [Q2] → 65.17% (-2.57%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$21
22%
upside
Avg. target
$21
22%
upside
High target
$21
22%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Damon Delmonte 43% 1-year accuracy 9 / 21 met price target | 22%upside $21 | Outperform Maintained | 4 Dec 2024 |
Financial journalist opinion
Neutral
Business Wire
1 month ago
Eastern Bank Named #1 SBA Lender in Massachusetts for the 16th Year in a Row
BOSTON--(BUSINESS WIRE)--Eastern Bank has been named by the U.S. Small Business Administration (SBA) as the top lender to small businesses for SBA 7(a) and 504 loans in Massachusetts for the 16th consecutive year. “Eastern is very honored to be recognized once again by the Small Business Administration as a top lender to the small business community, working together to help power the American Dream for local business owners,” said Quincy Miller, Vice Chair, President and Chief Operating Office.
Neutral
Business Wire
1 month ago
Wolters Kluwer names Eastern Bank the winner of 2024 Community Impact Award
ORLANDO, Fla.--(BUSINESS WIRE)-- #CRA--Wolters Kluwer Compliance Solutions has named Massachusetts-based Eastern Bank as the winner of its 2024 Community Impact Award. The announcement was made at the company's 28th annual CRA & Fair Lending Colloquium held Nov. 17-20 at the Omni Orlando Resort at Championsgate, Fla. Award winners demonstrate the creativity, impact, and economic sustainability of their community reinvestment programs. Eastern Bank was recognized for its Equity Alliance for Busines.
Neutral
Business Wire
1 month ago
Eastern Bank Names Kimberly Dee Executive Vice President, Consumer Banking Director
BOSTON--(BUSINESS WIRE)--Eastern Bank, Greater Boston's leading local bank, is pleased to announce that Kimberly Dee, a highly accomplished retail, customer transformation and business banking executive, has been named Executive Vice President, Consumer Banking Director. She will also serve on the Bank's Management Committee, comprised of Eastern's most senior executives. Dee most recently served as Executive Vice President and Head of the Retail Branch Network of Citizens Financial Group, wher.
Negative
Zacks Investment Research
1 month ago
New Strong Sell Stocks for October 28th
MURGY, DOV and EBC have been added to the Zacks Rank #5 (Strong Sell) List on October 28, 2024.
Neutral
Seeking Alpha
1 month ago
Eastern Bankshares, Inc. (EBC) Q3 2024 Earnings Call Transcript
Eastern Bankshares, Inc. (NASDAQ:EBC ) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Bob Rivers - Executive Chair & Chair of the Board Denis Sheahan - Chief Executive Officer David Rosato - Chief Financial Officer & Treasurer Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Seaport Research Operator Hello, and welcome to the Eastern Bankshares, Inc. Third 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 risk debt management foresees.
Neutral
Zacks Investment Research
1 month ago
Eastern Bankshares (EBC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Eastern Bankshares (EBC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
1 month ago
Eastern Bankshares, Inc. (EBC) Q3 Earnings and Revenues Miss Estimates
Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.32 per share a year ago.
Neutral
Business Wire
1 month ago
Eastern Bankshares, Inc. Reports Third Quarter 2024 Financial Results
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Third Quarter 2024 Financial Results.
Positive
Zacks Investment Research
1 month ago
Unveiling Eastern Bankshares (EBC) Q3 Outlook: Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Eastern Bankshares (EBC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Neutral
Zacks Investment Research
2 months ago
Eastern Bankshares, Inc. (EBC) Earnings Expected to Grow: Should You Buy?
Eastern Bankshares (EBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Charts implemented using Lightweight Charts™