Eastern Bankshares, Inc. (EBC)
| 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...]
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 StatementsAnalyst 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.
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 ...
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...
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...
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.