Eastern Bankshares, Inc. (EBC)

NASDAQ: EBC · IEX Real-Time Price · USD
19.12
+0.59 (3.18%)
Jun 24, 2022 4:00 PM EDT - Market closed
3.18%
Market Cap 3.49B
Revenue (ttm) 651.81M
Net Income (ttm) 158.52M
Shares Out 182.68M
EPS (ttm) 0.92
PE Ratio 20.81
Forward PE 15.02
Dividend $0.36 (1.88%)
Ex-Dividend Date Jun 2, 2022
Volume 2,404,058
Open 18.75
Previous Close 18.53
Day's Range 18.74 - 19.13
52-Week Range 17.94 - 22.35
Beta n/a
Analysts Buy
Price Target 24.48 (+28.0%)
Earnings Date Aug 4, 2022

About EBC

Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. It operates in two segments, Banking Business and Insurance Agency Business. The company provides interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and time certificates of deposits, as well as debit and credit cards. It also offers commercial and industrial loans, commercial real estate and construction loans,... [Read more...]

Industry Banks
IPO Date Oct 15, 2020
Employees 2,100
Stock Exchange NASDAQ
Ticker Symbol EBC
Full Company Profile

Financial Performance

In 2021, EBC's revenue was $632.67 million, an increase of 16.98% compared to the previous year's $540.82 million. Earnings were $154.67 million, an increase of 580.20%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for EBC stock is "Buy." The 12-month stock price forecast is 24.48, which is an increase of 28.03% from the latest price.

Price Target
$24.48
(28.03% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Eastern Bank Foundation Honors Boston Ujima Project With Community Advocacy Award

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation is pleased to announce Boston Ujima Project (“Ujima”) as a 2022 Community Advocacy Award honoree for its innovative approaches to financing small busines...

Eastern Bank Provides $14 Million Loan To The Arts & Business Council Of Greater Boston For Its Landmark Purchase Of ...

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce a $14 million loan to the Arts & Business Council of Greater Boston for its landmark purchase of the Western Avenue Studios & Lofts (WASL) in...

Eastern Bank Foundation Honors The Sustainable Business Network Of Massachusetts With Community Advocacy Award

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation is pleased to announce the Sustainable Business Network of Massachusetts (SBN) as a 2022 Community Advocacy Award honoree for its work to cultivate a str...

Eastern Bank Welcomes Asian Atlantic Industries, LLC As An Asset-Based Lending Customer

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce Asian Atlantic Industries, LLC (AAI) as a new asset-based lending customer. Founded in 1998 by CEO Tom Mahoney, AAI is a global supplier of e...

Eastern Bank Foundation Honors The New Hampshire Community Loan Fund With Community Advocacy Award

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation is pleased to announce the New Hampshire Community Loan Fund (the “Community Loan Fund”) as a 2022 Community Advocacy Award honoree for its pioneering ef...

Eastern Bank Foundation Honors CommonWealth Kitchen With A Community Advocacy Award

BOSTON--(BUSINESS WIRE)--Eastern Bank Foundation is pleased to announce CommonWealth Kitchen (“CWK”) as a 2022 Community Advocacy Award honoree for its leadership in investing in BIPOC and women entrepr...

Eastern Bank Welcomes New Members To Its Board of Advisors and Board of Ambassadors

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce the election of five local community and business leaders to its Board of Advisors and Board of Ambassadors. The newly elected Advisors are: ...

Eastern Bankshares, Inc. (EBC) Upgraded to Strong Buy: What Does It Mean for the Stock?

Eastern Bankshares, Inc. (EBC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Eastern Bankshares, Inc. Reports First Quarter 2022 Financial Results

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports First Quarter 2022 Financial Results & Declares Quarterly Cash Dividend

Eastern Bank Welcomes Leading Mechanical Industry Supplier Charles D. Sheehy, Inc. As A Commercial Customer

BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to announce Charles D. Sheehy, Inc. (Sheehy) as a new commercial banking customer. Founded in 1951, Sheehy is a fourth-generation, privately-owned suppli...

Eastern Bankshares, Inc. Announces First Quarter 2022 Earnings Release Date, Conference Call and Webcast

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces First Quarter 2022 Earnings Release Date, Conference Call and Webcast

Needham Bank Completes Transfer of Cannabis Banking Business from Eastern Bank

NEEDHAM, Mass. , April 4, 2022 /PRNewswire/ -- Needham Bank ("Needham") and Eastern Bankshares, Inc. ("Eastern") (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced...

This Stock Will Benefit From Higher Interest Rates -- and It Just Raised Its Dividend

This stock will see revenue rise with higher interest rates and has been growing its dividend as well.

Raging Inflation Ups Chances of Bigger Rate Hike: 3 Bank Picks

With an aim to tame the red-hot inflation, the Fed is expected to announce bigger interest rate hike. Thus, banks like Signature Bank (SBNY), Washington Federal (WAFD) and Eastern Bankshares (EBC) will ...

Other symbols: SBNYWAFD

All You Need to Know About Eastern Bankshares, Inc. (EBC) Rating Upgrade to Strong Buy

Eastern Bankshares, Inc. (EBC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Eastern Bankshares, Inc. (EBC) Q4 Earnings and Revenues Beat Estimates

Eastern Bankshares, Inc. (EBC) delivered earnings and revenue surprises of 13.04% and 3.90%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Eastern Bankshares, Inc. Reports Fourth Quarter 2021 Financial Results

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Fourth Quarter 2021 Financial Results and Announces a 25% Increase to Quarterly Dividend

Eastern Bankshares, Inc. (EBC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Eastern Bankshares, Inc. (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.

Eastern Bankshares, Inc. (“Eastern”) and Needham Bank Enter Into Asset Purchase Agreement For The Transfer of Eastern...

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (“Eastern”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, and Needham Bank (“Needham”) today jointly announced they ha...

Eastern Bankshares, Inc. Announces Fourth Quarter 2021 Earnings Release Date, Conference Call and Webcast

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Fourth Quarter 2021 Earnings Release Date, Conference Call and Webcast

Why You Shouldn't Bet Against Eastern Bankshares (EBC) Stock

Eastern Bankshares (EBC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

3 Bank Stocks to Buy as Fed Sees 3 Rate Hikes in 2022

With an overwhelming Fed official seeing an interest rate hike next year with more to follow, bank stocks like Bank of America (BAC), Eastern Bankshares (EBC) and Veritex (VBTX) are undoubtedly poised t...

Other symbols: BACVBTX

Find 'Strong Buy' Stocks for December and Beyond with this Screener

Given this backdrop, investors with long-term horizons should remain on the hunt for stocks heading into December because timing the market is difficult. Utilizing our Filtered Zacks Rank 5 Stock Screen...

Other symbols: NOG

Eastern Bankshares, Inc. Announces Third Quarter 2021 Earnings Release Date, Conference Call and Webcast

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Announces Third Quarter 2021 Earnings Release Date, Conference Call and Webcast

1 Question I Have for One of My Favorite Mid-Cap Stocks

Eastern Bankshares has been on a great run since going public, but still has a lot of excess capital it needs to work through.