Eastern Bankshares (EBC)

• Market cap: $2.9B
• 1 day: -0.81%
• 5 days: 0.69%
• 1 month: -11.93%
• 3 months: -17.46%
• 6 months: -11.35%
• Year to date: -13.81%
• 1 year: 12.82%
• 5 years: 20.25%
• 10 years: 20.25%
• Sector: Financials
• Industry: Banks - Regional

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: 1,998

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

1,207% more call options, than puts

Call options by funds: $6.25M | Put options by funds: $478K

27% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 22

10% more capital invested

Capital invested by funds: $2.3B [Q3] → $2.53B (+$232M) [Q4]

3.27% more ownership

Funds ownership: 65.16% [Q3] → 68.43% (+3.27%) [Q4]

1% more funds holding

Funds holding: 238 [Q3] → 241 (+3) [Q4]

22% less repeat investments, than reductions

Existing positions increased: 66 | 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 51% upside
• Avg. target: $22 51% upside
• High target: $22 51% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Keefe, Bruyette & Woods Damon Delmonte 8% 1-year accuracy 2 / 26 met price target

51% upside $22

Outperform Reiterated

27 Jan 2025