Eastern BanksharesEBC
EBC
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 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
1,207% more call options, than puts
Call options by funds: $6.25M | Put options by funds: $478K
18% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 22
9% more capital invested
Capital invested by funds: $2.33B [Q3] → $2.53B (+$205M) [Q4]
2.51% more ownership
Funds ownership: 65.91% [Q3] → 68.41% (+2.51%) [Q4]
0% more funds holding
Funds holding: 238 [Q3] → 238 (+0) [Q4]
24% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 85
25% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$22
24%
upside
Avg. target
$22
24%
upside
High target
$22
24%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Damon Delmonte 81% 1-year accuracy 21 / 26 met price target | 24%upside $22 | Outperform Reiterated | 27 Jan 2025 |
Financial journalist opinion
Based on 7 articles about EBC published over the past 30 days
Positive
Zacks Investment Research
2 weeks ago
What Makes Eastern Bankshares, Inc. (EBC) a Strong Momentum Stock: Buy Now?
Does Eastern Bankshares, Inc. (EBC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Positive
Zacks Investment Research
2 weeks ago
3 Top-Ranked Breakout Stocks to Buy Now: BWB, EBC, BWAY
Bridgewater Bancshares, Eastern Bankshares and BrainsWay have been selected as the breakout stocks for today.
Positive
Zacks Investment Research
3 weeks ago
Can Eastern Bankshares (EBC) Run Higher on Rising Earnings Estimates?
Eastern Bankshares (EBC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Positive
Seeking Alpha
4 weeks ago
Eastern Bankshares: Emerging As A Stronger Bank
Eastern Bankshares, Inc.'s Q4 results showed strong revenue growth, driven by mergers, with a 35.3% increase year-over-year, beating estimates by $4.7 million. Margins are stabilizing, with an eight basis point expansion in net interest margin to 3.05%, leading to higher net interest and non-interest income. Asset quality improved, with a significant decrease in the provision for credit losses, despite a rise in non-performing loans due to merger-related assets.
Neutral
Seeking Alpha
4 weeks ago
Eastern Bankshares, Inc. (EBC) Q4 2024 Earnings Call Transcript
Eastern Bankshares, Inc. (NASDAQ:EBC ) Q4 2024 Earnings Conference Call January 24, 2025 9:00 AM ET Company Participants Bob Rivers - Executive Chair & Chair of the Board Denis Sheahan - CEO David Rosato - CFO Conference Call Participants Greg Zingone - Piper Sandler Damon DelMonte - KBW Laurie Hunsicker - Seaport Research Partners Operator Hello, and welcome to the Eastern Bankshares, Inc. Fourth 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.
Positive
Zacks Investment Research
4 weeks ago
Eastern Bankshares, Inc. (EBC) Tops Q4 Earnings and Revenue Estimates
Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.10 per share a year ago.
Neutral
Business Wire
4 weeks ago
Eastern Bankshares, Inc. Reports Fourth Quarter 2024 Net Income of $60.8 Million, or $0.30 per Diluted Share
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Fourth Quarter 2024 Net Income of $60.8 Million, or $0.30 per Diluted Share.
Neutral
Zacks Investment Research
1 month 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
1 month 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 month 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.
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