Eastern Bankshares Stock Today
| EBC Stock | USD 18.76 0.27 1.42% |
Performance6 of 100
| Odds Of DistressLess than 27
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Eastern Bankshares is trading at 18.76 as of the 28th of November 2024, a 1.42 percent decrease since the beginning of the trading day. The stock's open price was 19.03. Eastern Bankshares has about a 27 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Eastern Bankshares are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain Banks | IPO Date | Category Financial Services | Classification Financials |
Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts. The company has 198.91 M outstanding shares of which 3.77 M shares are currently shorted by investors with about 3.54 days to cover. More on Eastern Bankshares
Moving together with Eastern Stock
| 0.92 | AX | Axos Financial | PairCorr |
| 0.9 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.92 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Eastern Stock
Follow Valuation Profit Patterns Odds of Bankruptcy
Fiscal Year End 23rd of January 2025
Eastern Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO Director | Denis Sheahan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, NASDAQ Composite, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsEastern Bankshares can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Eastern Bankshares' financial leverage. It provides some insight into what part of Eastern Bankshares' total assets is financed by creditors.
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Eastern Bankshares (EBC) is traded on NASDAQ Exchange in USA. It is located in 265 Franklin Street, Boston, MA, United States, 02110 and employs 1,744 people. Eastern Bankshares is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 3.73 B. Eastern Bankshares runs under Banks sector within Financials industry. The entity has 198.91 M outstanding shares of which 3.77 M shares are currently shorted by investors with about 3.54 days to cover.
Eastern Bankshares has about 158.44 M in cash with 261.69 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.95.
Check Eastern Bankshares Probability Of Bankruptcy
Ownership AllocationEastern Bankshares holds a total of 198.91 Million outstanding shares. The majority of Eastern Bankshares outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Eastern Bankshares to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Eastern Bankshares. Please pay attention to any change in the institutional holdings of Eastern Bankshares as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Eastern Ownership Details
Eastern Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Wellington Management Company Llp | 2024-06-30 | 3.1 M | |
| William Blair Investment Management, Llc | 2024-09-30 | 2.4 M | |
| Massachusetts Financial Services Company | 2024-09-30 | 2.3 M | |
| Goldman Sachs Group Inc | 2024-06-30 | 2.1 M | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 2 M | |
| Northern Trust Corp | 2024-09-30 | 1.8 M | |
| Systematic Financial Management Lp | 2024-09-30 | 1.7 M | |
| Jpmorgan Chase & Co | 2024-06-30 | 1.5 M | |
| Eastern Bank | 2024-09-30 | 1.5 M | |
| Vanguard Group Inc | 2024-09-30 | 20 M | |
| Fmr Inc | 2024-09-30 | 18.4 M |
Eastern Bankshares Historical Income Statement
Eastern Stock Against Markets
Eastern Bankshares Corporate Management
| Danielle Hackel | Executive Officer | Profile | |
| Andrew Ravens | Corporate Manager | Profile | |
| Gregory Buscone | Executive Officer | Profile | |
| Steven Antonakes | Executive Management | Profile | |
| Barbara Heinemann | Executive Banking | Profile | |
| Donald Westermann | Executive Officer | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade Eastern Stock refer to our How to Trade Eastern Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastern Bankshares. If investors know Eastern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastern Bankshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.46) | Dividend Share 0.44 | Earnings Share 0.53 | Revenue Per Share 3.554 | Quarterly Revenue Growth 0.049 |
The market value of Eastern Bankshares is measured differently than its book value, which is the value of Eastern that is recorded on the company's balance sheet. Investors also form their own opinion of Eastern Bankshares' value that differs from its market value or its book value, called intrinsic value, which is Eastern Bankshares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastern Bankshares' market value can be influenced by many factors that don't directly affect Eastern Bankshares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eastern Bankshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastern Bankshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastern Bankshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.