According to Zacks, “Eastern Bankshares Inc. provides commercial banking products and services primarily to retail, commercial and small business customers. It provides banking, trust, and investment services, as well as insurance services, through its full-service bank branches and insurance offices. Eastern Bankshares Inc. is based in Boston, Massachusetts. “
Separately, Seaport Global Securities assumed coverage on shares of Eastern Bankshares in a report on Thursday, February 25th. They set a “buy” rating and a $19.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.00.
Eastern Bankshares (NASDAQ:EBC) last announced its quarterly earnings data on Thursday, January 28th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The firm had revenue of $153.25 million for the quarter, compared to the consensus estimate of $145.17 million. Analysts expect that Eastern Bankshares will post 0.47 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of EBC. BlackRock Inc. acquired a new position in Eastern Bankshares in the 4th quarter valued at about $187,013,000. FJ Capital Management LLC purchased a new stake in shares of Eastern Bankshares during the 4th quarter worth about $53,321,000. Price T Rowe Associates Inc. MD purchased a new position in Eastern Bankshares in the 4th quarter worth approximately $43,551,000. Brown Advisory Inc. purchased a new position in Eastern Bankshares in the 4th quarter worth approximately $39,040,000. Finally, Northern Trust Corp purchased a new position in Eastern Bankshares in the 4th quarter worth approximately $28,903,000.
Eastern Bankshares Company Profile
Eastern Bankshares, Inc 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.
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