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 6,823 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
219% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 21
171% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 38
38% more capital invested
Capital invested by funds: $1.69B [Q2] → $2.33B (+$636M) [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]
2.68% less ownership
Funds ownership: 68.59% [Q2] → 65.91% (-2.68%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$21
20%
upside
Avg. target
$21
20%
upside
High target
$21
20%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Damon Delmonte 33% 1-year accuracy 7 / 21 met price target | 20%upside $21 | Outperform Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 4 articles about EBC published over the past 30 days
Neutral
Zacks Investment Research
3 days ago
Ahead of Eastern Bankshares (EBC) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Eastern Bankshares (EBC) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Neutral
Business Wire
6 days ago
Andrew Hersom Joins Eastern Bank As Senior Vice President, Head Of Investor Relations
BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to welcome Andrew Hersom as Senior Vice President, Head of Investor Relations. Mr. Hersom brings over 19 years of investor relations experience. He joins Eastern Bank from Argo Group International Holdings where he was head of investor relations responsible for interfacing with the investment community. Prior to that, Mr. Hersom was Senior Vice President of Investor Relations with People's United Financial, Inc. until the company's acquisition by.
Neutral
Business Wire
1 week ago
Eastern Bank Earns Top Score for 11th Consecutive Year in Human Rights Campaign Foundation's 2025 Corporate Equality Index
BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce that for the eleventh consecutive year, it received a score of 100 on the Human Rights Campaign Foundation's 2025 Corporate Equality Index (CEI), the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Eastern joins 765 U.S. businesses that also earned top marks this year. “At Eastern, advancing LGBTQ+ equality, both within and outside our organization, is a.
Neutral
Business Wire
2 weeks ago
Eastern Bankshares, Inc. Announces Fourth Quarter 2024 Earnings Release Date, Conference Call and Webcast
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Fourth Quarter 2024 Earnings Release Date, Conference Call and Webcast.
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
2 months 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
2 months 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
2 months 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
2 months 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
2 months 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.
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