Eastern Bankshares Inc (EBC)

NASDAQ
Currency in USD
14.61
-0.12(-0.81%)
Closed·
After Hours
14.610.00(0.00%)
·
EBC Scorecard
Full Analysis
Has raised its dividend for 4 consecutive years
Earnings results expected in 3 days
Fair Value
Day's Range
14.5114.73
52 wk Range
12.5419.40
Key Statistics
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Prev. Close
14.73
Open
14.63
Day's Range
14.51-14.73
52 wk Range
12.54-19.4
Volume
856.3K
Average Vol. (3m)
1.25M
1-Year Change
14.9%
Book Value / Share
17.89
Fair Value
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Fair Value Upside
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EBC Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
21.00
Upside
+43.74%
Members' Sentiments
Bearish
Bullish
ProTips
Net income is expected to grow this year
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Eastern Bankshares Inc Company Profile

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.

Employees
1998

Eastern Bankshares Inc SWOT Analysis


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
Read full SWOT analysis

Eastern Bankshares Inc Earnings Call Summary for Q3/2024

  • Eastern Bankshares met EPS of $0.34, missed revenue at $216.54M; stock rose 1.87% premarket despite shortfall
  • Merger with Cambridge Trust completed, expanding wealth management; operating net income up 36% quarter-over-quarter
  • Q4 outlook: Flat loan balances, net interest income $175-180M, margin 3.00-3.05%, operating non-interest income $33-34M
  • CEO highlights position as largest community bank in Greater Boston, Eastern Massachusetts, and New Hampshire markets
  • Challenges include revenue miss, flat loan projections, merger integration risks, and regional market competition
Last Updated: 01/24/2025, 07:09 AM
Read Full Transcript

Compare EBC to Peers and Sector

Metrics to compare
EBC
Peers
Sector
Relationship
P/E Ratio
24.7x11.0x8.5x
PEG Ratio
−0.46−0.670.03
Price / Book
0.8x1.1x1.0x
Price / LTM Sales
4.4x3.1x2.6x
Upside (Analyst Target)
43.5%20.8%21.2%
Fair Value Upside
Unlock15.8%4.0%Unlock

Analyst Ratings

3 Buy
1 Hold
0 Sell
Ratings:
4 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 21.00
(+43.74% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 0.66%
Dividend Yield
3.26%
Industry Median 4.27%
Annualized Payout
0.48
Paid quarterly
5-Years Growth
-
Growth Streak

Earnings

Latest Release
Jan 23, 2025
EPS / Forecast
0.34 / 0.34
Revenue / Forecast
216.54M / 227.29M
EPS Revisions
Last 90 days

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FAQ

What Is the Eastern Bankshares (EBC) Stock Price Today?

The Eastern Bankshares stock price today is 14.61

What Stock Exchange Does Eastern Bankshares Trade On?

Eastern Bankshares is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Eastern Bankshares?

The stock symbol for Eastern Bankshares is "EBC."

Does Eastern Bankshares Pay Dividends? What’s The Current Dividend Yield?

The Eastern Bankshares dividend yield is 3.29%.

What Is the Eastern Bankshares Market Cap?

As of today, Eastern Bankshares market cap is 2.92B.

What is Eastern Bankshares Earnings Per Share?

The Eastern Bankshares EPS is 0.66.

What Is the Next Eastern Bankshares Earnings Date?

Eastern Bankshares will release its next earnings report on Apr 24, 2025.

From a Technical Analysis Perspective, Is EBC a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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