Eastern Bank/EBC

$13.27

-1.04%
-
1D1W1MYTD1YMAX

About Eastern Bank

Eastern Bankshares, Inc. is the stock holding company for Eastern Bank (The Bank). Through the Bank, it provides a variety of banking and trust and investment services. Its diversified products and services include lending, deposit, and wealth management. It offers a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. Its banking business consists of a full range of banking, lending (commercial, residential and consumer), savings and small business offerings, including its wealth management and trust operations that it conducts through its Eastern Wealth Management division. It offers automated lock box collection services, cash management services and account reconciliation services to its corporate and institutional customers, as well as cash management services to its municipal clients. Its securities portfolio consists of government-sponsored residential mortgage-backed securities.

Ticker

EBC

Sector

Financials

Trading on

NASDAQ

Industry

Money Center Banks

CEO

Robert Rivers

Employees

1,562

Headquarters

Boston, United States

Eastern Bank Metrics

BasicAdvanced
$2.4B
Market cap
4.74
P/E ratio
$2.86
EPS
0.89
Beta
$0.42
Dividend rate
3.24%
Dividend yield
$2.4B
0.88885
$15.07
$10.65
943K
$0.42
40.44%
0.77%
6.15%
4.742
3.928
0.812
1.004
20.669
3.1%
3.24%
22.28%
386.37%
24.44%

What the Analysts think about Eastern Bank

Analyst Ratings

Majority rating from 4 analysts.
Buy

Price Targets

Average projection from 4 analysts.
24.34% upside
High $18.00
Low $15.00
$13.27
Current price
$16.50
Average price target

Eastern Bank Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
16.76% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$230M
-0.04%
Net income
$39M
-87.88%
Profit margin
16.76%
-87.88%

Eastern Bank Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 15%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.28
$0.32
$0.10
$0.23
-
Expected
$0.30
$0.28
$0.20
$0.20
$0.22
Surprise
-5.33%
14.78%
-50.31%
15%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Eastern Bank stock?

Eastern Bank (EBC) has a market cap of $2.4B as of May 29, 2024.

What is the P/E ratio for Eastern Bank stock?

The price to earnings (P/E) ratio for Eastern Bank (EBC) stock is 4.74 as of May 29, 2024.

Does Eastern Bank stock pay dividends?

Yes, the Eastern Bank (EBC) stock pays dividends to shareholders. As of May 29, 2024, the dividend rate is $0.42 and the yield is 3.24%. Eastern Bank has a payout ratio of 40.44% on a trailing twelve-month basis.

When is the next Eastern Bank dividend payment date?

The next Eastern Bank (EBC) dividend payment is scheduled for June 14, 2024.

What is the beta indicator for Eastern Bank?

Eastern Bank (EBC) has a beta rating of 0.89. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Eastern Bank stock price target?

The target price for Eastern Bank (EBC) stock is $16.5, which is 24.34% above the current price of $13.27. This is an average based on projections from 4 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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