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Eastern Bankshares, Inc. (EBC)

NASDAQ: EBC · IEX Real-Time Price · USD
19.48 0.09 (0.46%)
Sep 24, 2021 4:00 PM EDT - Market closed
Market Cap3.66B
Revenue (ttm)607.62M
Net Income (ttm)66.92M
Shares Out186.76M
EPS (ttm)0.39
PE Ratio50.34
Forward PE17.27
Dividend$0.14 (0.72%)
Ex-Dividend DateSep 2, 2021
Volume299,778
Open19.34
Previous Close19.39
Day's Range19.34 - 19.66
52-Week Range11.61 - 22.85
Betan/a
AnalystsStrong Buy
Price Target24.25 (+24.5%)
Est. Earnings DateOct 28, 2021

About EBC

Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides commercial 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 certificates of deposits, as well as debit and credit cards. It also offers commercial and industrial loans, commercial real estate and construction ...

IndustryBanks
IPO DateOct 15, 2020
Employees1,900
Stock ExchangeNASDAQ
Ticker SymbolEBC
Full Company Profile

Financial Performance

In 2020, EBC's revenue was $540.82 million, a decrease of -7.91% compared to the previous year's $587.26 million. Earnings were $22.74 million, a decrease of -83.17%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for EBC stock is "Strong Buy." The 12-month stock price forecast is 24.25, which is an increase of 24.49% from the latest price.

Price Target
$24.25
(24.49% upside)
Analyst Consensus: Strong Buy

News

After a Recent Pullback, Shares of This Small Regional Bank Look Attractive

This relatively new bank stock has strong fundamentals in its niche and may be undervalued at its current level.

Other symbols:CNBKA
1 month ago - The Motley Fool

Eastern Bankshares, Inc. Reports Second Quarter 2021 Financial Results and Declares Quarterly Dividend

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports Second Quarter 2021 Financial Results and Declares Quarterly Dividend

1 month ago - Business Wire

Bank Stocks to Watch for Earnings on Jul 29: HBAN, CFR & More

While continued low interest rates and muted loan growth are likely to have hindered HBAN, CFR, TFSL, EBC and COLB in Q2; credit quality improvement on economic recovery is a bright spot.

Other symbols:BOCHCFRCOLBHBANTFSL
1 month ago - Zacks Investment Research

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

BOSTON--(BUSINESS WIRE)--Announcement of the availability of earnings release and conference call.

2 months ago - Business Wire

Eastern Bankshares, Inc. Announces Intent to Declassify Its Board of Directors

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (the “Company,” or together with its affiliates and subsidiaries, “Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Ba...

4 months ago - Business Wire

Eastern Bankshares, Inc. Reports First Quarter 2021 Financial Results

BOSTON--(BUSINESS WIRE)--Q1 2021 Earnings Press Release

4 months ago - Business Wire

Why Shares of Meridian Bancorp Are Climbing Today

The bank announced last night that it plans to be acquired by a nearby competitor.

Other symbols:EBSBINDB
5 months ago - The Motley Fool

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.

5 months ago - Zacks Investment Research

Eastern Bankshares Is Buying Century Bancorp. Is it a Good Move?

The acquisition, which comes six months after the buyer went public, will create a $22 billion bank in the Boston area.

Other symbols:CNBKA
5 months ago - The Motley Fool

Eastern Bankshares, Century Bancorp To Merge With $22 Billion In Assets

Eastern Bankshares, a Boston-based mutual that is the country's largest of its kind, and Century Bancorp have entered into an agreement to merge companies, with an aggregate transaction value of $642 mi...

Other symbols:CNBKA
5 months ago - PYMNTS

Why This Small Bank Stock Is Surging Today

The bank last night announced an acquisition, representing a big shake-up in its local banking scene.

Other symbols:CNBKA
5 months ago - The Motley Fool

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

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the foll...

5 months ago - Business Wire

Why Eastern Bankshares (EBC) Stock Might be a Great Pick

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

6 months ago - Zacks Investment Research

Buy This Stock Before It Becomes a Dividend Aristocrat

This bank recently launched a dividend that could grow significantly in coming years.

7 months ago - The Motley Fool

Eastern Bankshares' (EBC) CEO Bob Rivers on Q4 2020 Results - Earnings Call Transcript

Eastern Bankshares' (EBC) CEO Bob Rivers on Q4 2020 Results - Earnings Call Transcript

7 months ago - Seeking Alpha

The Future of Home Buying Arrives in Houston

HOUSTON, Jan. 28, 2021 /PRNewswire/ -- House X today announced Houston, Texas as one of the pilot cities to launch the American Dream 2021, expanding home ownership; featuring over 40,000 new, healthier...

7 months ago - PRNewsWire

Eastern Bankshares, Inc. Reports Fourth Quarter 2020 Financial Results

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (the “Company,” or together with its affiliates and subsidiaries, “Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Ba...

7 months ago - Business Wire

3 Best Forever Stocks For 2021: Eastern Bankshares, WideOpenWest, And Franchise Group

My biggest investments and best ideas. 3 forever stocks to buy before the ball drops.

Other symbols:FRGWOW
8 months ago - Seeking Alpha

Eastern Bank's Recent Earnings Are Another Reason I'm Bullish on This Stock

The bank is returning to its more normal level of earnings, and it has a low-cost deposit base and practically no charge-offs.

10 months ago - The Motley Fool

Hidin' From Biden

Time for a second passport. A stock that will survive a blue wave.

10 months ago - Seeking Alpha

Why Did Eastern Just Pop 25%?

Any why might it do it again? How you can get in ahead of massive demand.

11 months ago - Seeking Alpha

The ESG Bank: Eastern Bancorp

A for-profit bank with a non-profit ethos.

11 months ago - Seeking Alpha

U.S. IPO Weekly Recap: Solar Technology Shines In A 9-IPO Week

Nine IPOs and five SPACs went public this past week, and one IPO postponed.

11 months ago - Seeking Alpha

Eastern Bankshares Finalizes Public Offering

Talks between J.C. Penney Co's lenders and the would-be buyers, Simon Property Group Inc SPG.N and Brookfield Property Partners LP BPY.O, broke down in recent days, Bloomberg News reported on Thursday, ...

11 months ago - Seeking Alpha

Eastern Bankshares, Inc. Announces Receipt of Regulatory Approvals, Closing Date of Conversion and Final Results of S...

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (the “Company”), a Massachusetts corporation and the proposed holding company for Eastern Bank, announced today that it has received all required regula...

11 months ago - Business Wire