Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking, trust, and investment services to retail, commercial, and small business customers. The company provides deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. It also offers commercial and industrial, such as asset based lending portfolio; commercial real estate and construction; small business, residential real estate, and home equity loans; lines of credit; and other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans. In addition, the company provides wealth management and trust services, financial planning, and portfolio management; and automated lock box collection, cash management, and account reconciliation services. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.
Future Trajectory | Analyst targets range from $16 to $21, reflecting optimism about EBC's growth prospects and successful integration efforts |
Market Valuation | Delve into EBC's attractive valuation, trading below fair value with a P/E of 8.15, suggesting potential upside for investors |
Financial Resilience | Explore EBC's robust performance metrics, including impressive core ROA and ROTCE, signaling strong operational efficiency and profitability |
Strategic Acquisition | Eastern Bankshares' purchase of Cambridge Bancorp marks a pivotal move, enhancing market presence and driving financial growth potential |
Metrics to compare | EBC | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipEBCPeersSector | |
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P/E Ratio | 24.7x | 11.0x | 8.5x | |
PEG Ratio | −0.46 | −0.67 | 0.03 | |
Price / Book | 0.8x | 1.1x | 1.0x | |
Price / LTM Sales | 4.4x | 3.1x | 2.6x | |
Upside (Analyst Target) | 43.5% | 20.8% | 21.2% | |
Fair Value Upside | Unlock | 15.8% | 4.0% | Unlock |