JP Morgan resumed coverage on Eastern Bankshares with a new price target
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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
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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)
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
4 - Eastern Bankshares, Inc. (0001810546) (Issuer)
4 - Eastern Bankshares, Inc. (0001810546) (Issuer)
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 first quarter 2025 results: Earnings Release: Thursday, April 24, 2025 after the market close Conference Call: Friday, April 25, 2025 at 9:00 AM Eastern Time Join by Telephone: Toll-Free Dial-In Number: (800) 549-8228 Conference ID: 70523 Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the Company's Investor Relations website at investor.easternbank.com. A replay of the webca
~ Company Announces 2025 Investment Portfolio Repositioning ~ Operating net income* of $68.3 million, or $0.34 per diluted share. $1.2 billion investment portfolio repositioning in Q1 2025 anticipated to add approximately $0.13 to 2025 operating EPS. Net interest margin on a fully tax equivalent basis* expanded 8 basis points to 3.05%, primarily due to lower cost of funds. Annualized net charge-offs of 0.71% of average total loans primarily driven by purchased credit deteriorated loans acquired from Cambridge Trust. Strong balance sheet with robust capital and reserve levels. Year-end CET1 ratio of 15.73%(1) and allowance coverage of total loans of 1.29%. Eastern Bankshare
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 fourth quarter 2024 results: Earnings Release: Thursday, January 23, 2025 after the market close Conference Call: Friday, January 24, 2025 at 9:00 AM Eastern Time Join by Telephone: Toll-Free Dial-In Number: (800) 549-8228 Conference ID: 65981 Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the Company's Inve
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 first quarter 2025 results: Earnings Release: Thursday, April 24, 2025 after the market close Conference Call: Friday, April 25, 2025 at 9:00 AM Eastern Time Join by Telephone: Toll-Free Dial-In Number: (800) 549-8228 Conference ID: 70523 Webcast: The conference call will be simultaneously webcast. Participants may join the webcast on the Company's Investor Relations website at investor.easternbank.com. A replay of the webca
David Farwell and Randi Baskin Blume Bring Decades of Franchise Lending Experience Eastern Bank is pleased to expand its Franchise Lending group with the arrivals of Senior Vice President and Head of Specialty Finance David Farwell and Senior Vice President of Franchise Finance Randi Baskin Blume. Both bring extensive expertise in franchise lending and commercial banking. "It is an exciting time for Eastern Bank as we build out our franchise lending offering, and we are thrilled to welcome David Farwell and Randi Baskin Blume to the team," said Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank. "David's track record of developing high-performing team
~ Company Announces 2025 Investment Portfolio Repositioning ~ Operating net income* of $68.3 million, or $0.34 per diluted share. $1.2 billion investment portfolio repositioning in Q1 2025 anticipated to add approximately $0.13 to 2025 operating EPS. Net interest margin on a fully tax equivalent basis* expanded 8 basis points to 3.05%, primarily due to lower cost of funds. Annualized net charge-offs of 0.71% of average total loans primarily driven by purchased credit deteriorated loans acquired from Cambridge Trust. Strong balance sheet with robust capital and reserve levels. Year-end CET1 ratio of 15.73%(1) and allowance coverage of total loans of 1.29%. Eastern Bankshare
SC 13G/A - Eastern Bankshares, Inc. (0001810546) (Subject)
SC 13G/A - Eastern Bankshares, Inc. (0001810546) (Subject)
SC 13G/A - Eastern Bankshares, Inc. (0001810546) (Subject)
David Farwell and Randi Baskin Blume Bring Decades of Franchise Lending Experience Eastern Bank is pleased to expand its Franchise Lending group with the arrivals of Senior Vice President and Head of Specialty Finance David Farwell and Senior Vice President of Franchise Finance Randi Baskin Blume. Both bring extensive expertise in franchise lending and commercial banking. "It is an exciting time for Eastern Bank as we build out our franchise lending offering, and we are thrilled to welcome David Farwell and Randi Baskin Blume to the team," said Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank. "David's track record of developing high-performing team
Eastern Bank, Greater Boston's leading local bank, is pleased to announce that Kimberly Dee, a highly accomplished retail, customer transformation and business banking executive, has been named Executive Vice President, Consumer Banking Director. She will also serve on the Bank's Management Committee, comprised of Eastern's most senior executives. Dee most recently served as Executive Vice President and Head of the Retail Branch Network of Citizens Financial Group, where she was a member of its Executive Leadership Group. "Delivering a truly differentiated, personalized customer experience across a full range of banking and wealth management solutions is central to Eastern's focus as Great
Eastern Bank Surpasses $25 Billion In Assets Eastern Bankshares, Inc. ("Eastern") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, today announced the closing of its merger with Cambridge Bancorp (NASDAQ:CATC) ("Cambridge"), the parent company of Cambridge Trust Company (the "Merger"). The all-stock transaction was originally announced on September 19, 2023. "We are excited to have successfully completed Eastern's merger with Cambridge Trust and in doing so, to strategically solidify Eastern's position as Greater Boston's leading local bank and Cambridge Trust Wealth Management as the largest bank-owned independent investment advisor in Massachusetts," sai
DEFA14A - Eastern Bankshares, Inc. (0001810546) (Filer)
DEF 14A - Eastern Bankshares, Inc. (0001810546) (Filer)
10-K - Eastern Bankshares, Inc. (0001810546) (Filer)