Eastern Bankshares
About: Eastern Bankshares Inc is a commercial bank that caters its products and services to retail, commercial, and small business customers. Its diversified products and services include lending, deposit, wealth management, and insurance products. The company has one operating segment; Banking business which offers a range of banking lending, savings, and small business offerings, and its wealth management and trust operations.
Employees: 1,998
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
1,207% more call options, than puts
Call options by funds: $6.25M | Put options by funds: $478K
27% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 22
10% more capital invested
Capital invested by funds: $2.3B [Q3] → $2.53B (+$232M) [Q4]
3.27% more ownership
Funds ownership: 65.16% [Q3] → 68.43% (+3.27%) [Q4]
1% more funds holding
Funds holding: 238 [Q3] → 241 (+3) [Q4]
22% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 85
25% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$20
34%
upside
Avg. target
$20
34%
upside
High target
$20
34%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Damon Delmonte 23% 1-year accuracy 7 / 31 met price target | 34%upside $20 | Outperform Maintained | 28 Apr 2025 |
Financial journalist opinion
Based on 12 articles about EBC published over the past 30 days
Positive
Zacks Investment Research
2 days ago
Eastern Bankshares (EBC) Upgraded to Buy: Here's Why
Eastern Bankshares (EBC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Neutral
Business Wire
2 days ago
HARBORONE BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HarborOne Bancorp - HONE
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of HarborOne Bancorp (NasdaqGS: HONE) to Eastern Bankshares, Inc. (NasdaqGS: EBC). Under the terms of the proposed transaction, shareholders of HarborOne may elect to receive either 0.765 shares of Eastern or $12.00 in cash (subject to certain allocation procedures), for each share of HarborOne that th.
Negative
Seeking Alpha
4 days ago
Eastern Bankshares Q1 Earnings: Looking Past Messy Headline Figures
Like the wider space, Boston-based Eastern Bankshares has been up and down since my last piece, with recent economic concerns undoing the stock's post-election rally. Eastern recently reported first quarter results. Although the headline figures look messy, this was driven by a balance sheet repositioning, and core trends were better. The stock continues to look cheap, trading for less than 9x 2026 consensus EPS and roughly 1.25x tangible book value.
Neutral
Seeking Alpha
5 days ago
Eastern Bankshares, Inc. (EBC) Q1 2025 Earnings Call Transcript
Eastern Bankshares, Inc. (NASDAQ:EBC ) Q1 2025 Earnings Conference Call April 25, 2025 9:00 AM ET Company Participants Robert Rivers - Executive Chair & Chair of the Board Denis Sheahan - CEO David Rosato - CFO Conference Call Participants Damon DelMonte - KBW Mark Fitzgibbon - Piper Sandler Laurie Hunsicker - Seaport Research Partners Operator Welcome to the Eastern Bankshares, Inc. First Quarter 2025 Earnings and Announced Merger with HarborOne Corp Conference Call. Currently, all participants' lines are in a listen-only mode.
Neutral
PRNewsWire
5 days ago
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of HarborOne Bancorp, Inc.
NEW YORK , April 25, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by HarborOne Bancorp, Inc. (NASDAQ: HONE) and its board of directors concerning the proposed acquisition of the company by Eastern Bankshares, Inc. (NASDAQ: EBC). Stockholders will receive $12.00 in cash or 0.765 shares of Eastern Bankshares common stock for each share of HarborOne Bancorp stock that they hold.
Neutral
Zacks Investment Research
6 days ago
Compared to Estimates, Eastern Bankshares (EBC) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Eastern Bankshares (EBC) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
6 days ago
Eastern Bankshares, Inc. (EBC) Beats Q1 Earnings Estimates
Eastern Bankshares, Inc. (EBC) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.23 per share a year ago.
Positive
Reuters
6 days ago
Eastern to acquire HarborOne in $490 million deal in latest U.S. regional bank consolidation
Eastern Bankshares will acquire HarborOne Bancorp in a stock and cash deal valued at $490 million, the lenders said on Thursday, as bank consolidation gains traction in an uncertain market.
Neutral
Business Wire
6 days ago
Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. Enter Into Definitive Agreement To Merge
BOSTON & BROCKTON, Mass.--(BUSINESS WIRE)--Eastern Bankshares, Inc. (“Eastern” or “the Company”) (Nasdaq: EBC), the holding company for Eastern Bank, and HarborOne Bancorp (“HarborOne”) (Nasdaq: HONE), the holding company for HarborOne Bank, today jointly announced they have entered into a definitive merger agreement pursuant to which HarborOne will merge with and into Eastern in a stock and cash transaction. Under the terms of the merger agreement, which has been unanimously adopted by both bo.
Neutral
Business Wire
6 days ago
Eastern Bankshares, Inc. Reports First Quarter 2025 Financial Results
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. Reports First Quarter 2025 Financial Results.
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