Eastern BanksharesEBC
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
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]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
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 |