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Eastern Bankshares, Inc. (EBC)

Stock Price: $12.26 USD -0.22 (-1.76%)
Updated Oct 23, 2020 4:00 PM EDT - Market closed
After-hours: $12.28 +0.02 (0.16%) Oct 23, 4:31 PM

Stock Price Chart

Key Info

Market Cap 2.29B
Revenue (ttm) 534.86M
Net Income (ttm) 105.37M
Shares Out 186.76M
EPS (ttm) 0.56
PE Ratio 21.89
Forward PE n/a
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 23, 2020
Last Price $12.26
Previous Close $12.48
Change ($) -0.22
Change (%) -1.76%
Day's Open 12.49
Day's Range 12.11 - 12.49
Day's Volume 2,034,712
52-Week Range 11.74 - 12.50

More Stats

Market Cap 2.29B
Enterprise Value 886.25M
Earnings Date (est) n/a
Ex-Dividend Date n/a
Shares Outstanding 186.76M
Float 184.68M
EPS (basic) n/a
EPS (diluted) 0.56
FCF / Share n/a
Dividend n/a
Dividend Yield n/a
Earnings Yield 4.57%
FCF Yield n/a
Payout Ratio n/a
Shares Short n/a
Short Ratio n/a
Short % of Float n/a
Beta n/a
PE Ratio 21.89
Forward PE n/a
P/FCF Ratio n/a
PS Ratio 4.28
PB Ratio 1.46
Revenue 534.86M
Operating Income n/a
Net Income 105.37M
Free Cash Flow n/a
Net Cash 1.40B
Net Cash / Share 7.51
Gross Margin 109.80%
Operating Margin n/a
Profit Margin n/a
FCF Margin n/a
ROA n/a
ROE n/a
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (2)

Buy 2
Overweight 0
Hold 0
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$14.50*
(18.27% upside)
Low
14.0
Current: $12.26
High
15.0
Target: 14.50
*Average 12-month price target from 2 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year20192018
Revenue587556
Revenue Growth5.71%-
Gross Profit587556
Operating Income175158
Net Income135123
Operating Cash Flow196205
Capital Expenditures-7.19-9.03
Free Cash Flow189196
Cash & Equivalents363260
Total Debt2352,915
Net Cash / Debt127-2,655
Assets11,62911,378
Liabilities10,0299,945
Book Value1,6001,433
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Eastern Bankshares, Inc.
Employees 1,676
CEO Robert F. Rivers

Stock Information

Ticker Symbol EBC
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: EBC
IPO Date October 15, 2020

Description

Eastern Bankshares provides commercial banking products and services primarily to retail, commercial, and small business customers. The company offers interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and certificates of deposits. It also offers commercial and industrial loans, commercial real estate and construction loans, business banking loans, residential real estate loans, and home equity and other consumer loans. Its personal banking products and services also include debit and credit cards; mortgage and personal loans; personal and cash reserve lines of credit; auto and student loans; retirement planning products and services; and online learning services in the areas of finance. The company's business banking products and services also include preferred term loans, small business administration loans, lines of credit, cash reserves, cash management, merchant services, escrow express service, correspondent and government banking, international banking, interest on lawyers trust accounts services, products and services for not-for-profit and healthcare, and business telephone banking. In addition, it offers trust and investment products and services; community development and asset-based lending services; financial planning, portfolio management, wealth management, private banking, and fiduciary and retirement products and services; and treasury management, electronic banking, interest rate protection, and foreign exchange products and services. Further, the company acts as an independent insurance agent and offers commercial, personal, and employee benefits insurance products to individual and commercial clients. It operates through 89 banking offices located in eastern Massachusetts and southern and coastal New Hampshire. Eastern Bankshares, Inc. was formerly known as Eastern Bank Corporation. The company was founded in 1818 and is headquartered in Boston, Massachusetts.