JP Morgan downgraded Eastern Bankshares from Neutral to Underweight and set a new price target of $15.00 from $19.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/6/2024 | $14.00 → $18.50 | Neutral | JP Morgan |
| 9/12/2023 | $16.00 | Buy | Seaport Research Partners |
| 1/31/2023 | $19.50 → $15.00 | Neutral → Underweight | JP Morgan |
| 1/30/2023 | $17.00 | Buy → Neutral | Janney |
| 11/16/2021 | $25.00 | Overweight | Piper Sandler |
4 - Eastern Bankshares, Inc. (0001810546) (Issuer)
4 - Eastern Bankshares, Inc. (0001810546) (Issuer)
4 - Eastern Bankshares, Inc. (0001810546) (Issuer)
4 - Eastern Bankshares, Inc. (0001810546) (Issuer)
4 - Eastern Bankshares, Inc. (0001810546) (Issuer)
JP Morgan resumed coverage of Eastern Bankshares with a rating of Neutral and set a new price target of $18.50 from $14.00 previously
Seaport Research Partners initiated coverage of Eastern Bankshares with a rating of Buy and set a new price target of $16.00
JP Morgan downgraded Eastern Bankshares from Neutral to Underweight and set a new price target of $15.00 from $19.50 previously
Strong Performance Reflects Focus on Growth and Profitability Net income of $100.2 million, or $0.50 per diluted share, included GAAP tax benefit related to losses from investment portfolio repositioning completed in the first quarter. Operating net income of $81.7 million, or $0.41 per diluted share. Return on average assets of 1.60%, or 1.30% on an operating basis; return on average tangible equity of 16.44%, or 13.56% on an operating basis. Period-end loans grew 8% annualized linked quarter, primarily driven by higher C&I activity. Net interest margin on a fully tax equivalent basis expanded 21 basis points to 3.59%, primarily due to higher asset yields. Non-performing
Civic and nonprofit leader and lawyer brings decades of experience promoting and enhancing opportunity for new Americans Eastern Bank Foundation is pleased to announce Eva A. Millona has joined its team as a Foundation Fellow focused on the design, implementation, and promotion of a new Career-Focused English Proficiency Initiative (CFEPI) that will further the Foundation's work to support economic inclusion and mobility across the region. Eastern Bank Foundation Fellows bring deep expertise to the Foundation's efforts to increase economic mobility and prosperity, especially for those who have not historically benefited from a robust regional economy. According to a 2022 Massachusetts T
Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's second quarter 2025 results: Earnings Release: Thursday, July 24, 2025 after the market close Conference Call: Friday, July 25, 2025 at 9:00 AM Eastern Time Join by Telephone: Toll-Free Dial-In Number: (800) 549-8228 Conference ID: 88195 Webcast: The conference call will be simultaneously webcast. Participants may jo
8-K - Eastern Bankshares, Inc. (0001810546) (Filer)
EFFECT - Eastern Bankshares, Inc. (0001810546) (Filer)
424B3 - Eastern Bankshares, Inc. (0001810546) (Filer)
Civic and nonprofit leader and lawyer brings decades of experience promoting and enhancing opportunity for new Americans Eastern Bank Foundation is pleased to announce Eva A. Millona has joined its team as a Foundation Fellow focused on the design, implementation, and promotion of a new Career-Focused English Proficiency Initiative (CFEPI) that will further the Foundation's work to support economic inclusion and mobility across the region. Eastern Bank Foundation Fellows bring deep expertise to the Foundation's efforts to increase economic mobility and prosperity, especially for those who have not historically benefited from a robust regional economy. According to a 2022 Massachusetts T
Eastern Bank is pleased to welcome Joseph Rodolfy as a Senior Vice President, Commercial Real Estate Relationship Manager. Mr. Rodolfy brings over 13 years of banking experience with a focus on commercial real estate and credit analysis. "Joseph Rodolfy's lending background and formal training in credit analysis align strongly to our focus on delivering comprehensive commercial banking services rooted in personalized relationships, and we are excited to welcome him to Eastern Bank's Commercial Banking team," said Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank. Mr. Rodolfy joins Eastern Bank from Cambridge Savings Bank, where he spent the past de
Mr. Francois focuses on commercial lending solutions for middle market companies Eastern Bank is pleased to welcome Karl-Henry Francois as a Senior Vice President, Commercial Banking Relationship Manager. Mr. Francois brings more than 20 years of banking experience, including 18 years of experience providing a comprehensive range of lending solutions for middle market commercial businesses. "Karl-Henry Francois brings a strong background in serving the credit, refinancing and overall lending and financing needs of middle market companies, and we are excited to welcome him to Eastern Bank's Commercial Banking team," said Greg Buscone, Executive Vice President, Chief Commercial Banking Of
Strong Performance Reflects Focus on Growth and Profitability Net income of $100.2 million, or $0.50 per diluted share, included GAAP tax benefit related to losses from investment portfolio repositioning completed in the first quarter. Operating net income of $81.7 million, or $0.41 per diluted share. Return on average assets of 1.60%, or 1.30% on an operating basis; return on average tangible equity of 16.44%, or 13.56% on an operating basis. Period-end loans grew 8% annualized linked quarter, primarily driven by higher C&I activity. Net interest margin on a fully tax equivalent basis expanded 21 basis points to 3.59%, primarily due to higher asset yields. Non-performing
Eastern Bankshares, Inc. (the "Company") (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company's second quarter 2025 results: Earnings Release: Thursday, July 24, 2025 after the market close Conference Call: Friday, July 25, 2025 at 9:00 AM Eastern Time Join by Telephone: Toll-Free Dial-In Number: (800) 549-8228 Conference ID: 88195 Webcast: The conference call will be simultaneously webcast. Participants may jo
Key Highlights: Merger solidifies Eastern's leading position in Greater Boston while expanding into Rhode Island Financially compelling transaction with 16% EPS accretion resulting in top quartile operating profitability1 Pro forma balance sheet has robust capital, liquidity and reserves 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 agr
SC 13G/A - Eastern Bankshares, Inc. (0001810546) (Subject)
SC 13G/A - Eastern Bankshares, Inc. (0001810546) (Subject)
SC 13G/A - Eastern Bankshares, Inc. (0001810546) (Subject)