Seaport Global Securities initiated coverage of Eastern Bankshares with a rating of Buy
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Recent Analyst Ratings for $EBC
| 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 |
Eastern Bankshares, Inc. Announces First Quarter 2025 Earnings Release Date, Conference Call and Webcast
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
Eastern Bank Expands Franchise Lending Offering
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 Bankshares, Inc. Reports Fourth Quarter 2024 Net Income of $60.8 Million, or $0.30 per Diluted Share
~ 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
JP Morgan resumed coverage on Eastern Bankshares with a new price target
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 on Eastern Bankshares with a new price target
Seaport Research Partners initiated coverage of Eastern Bankshares with a rating of Buy and set a new price target of $16.00
Eastern Bankshares downgraded by JP Morgan with a new price target
JP Morgan downgraded Eastern Bankshares from Neutral to Underweight and set a new price target of $15.00 from $19.50 previously
Chief Financial Officer Rosato R David bought $154,000 worth of shares (10,000 units at $15.40) (SEC Form 4)
4 - Eastern Bankshares, Inc. (0001810546) (Issuer)
Director Palandjian Leon Aghababai bought $78,200 worth of shares (5,000 units at $15.64), increasing direct ownership by 6% to 91,506 units (SEC Form 4)
4 - Eastern Bankshares, Inc. (0001810546) (Issuer)
Chief Financial Officer Rosato R David bought $154,000 worth of shares (10,000 units at $15.40) (SEC Form 4)
4 - Eastern Bankshares, Inc. (0001810546) (Issuer)
SVP, Chief Accounting Officer Ahlquist David Andrew converted options into 6,781 shares and covered exercise/tax liability with 2,302 shares, increasing direct ownership by 45% to 21,820 units (SEC Form 4)
4 - Eastern Bankshares, Inc. (0001810546) (Issuer)
Chief Information Officer Westermann Donald Michael converted options into 14,359 shares, covered exercise/tax liability with 22,301 shares and was granted 35,578 shares, increasing direct ownership by 191% to 42,116 units (SEC Form 4)
4 - Eastern Bankshares, Inc. (0001810546) (Issuer)
SEC Form DEFA14A filed by Eastern Bankshares Inc.
DEFA14A - Eastern Bankshares, Inc. (0001810546) (Filer)
SEC Form DEFA14A filed by Eastern Bankshares Inc.
DEFA14A - Eastern Bankshares, Inc. (0001810546) (Filer)
SEC Form DEF 14A filed by Eastern Bankshares Inc.
DEF 14A - Eastern Bankshares, Inc. (0001810546) (Filer)
Eastern Bank Expands Franchise Lending Offering
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 Names Kimberly Dee Executive Vice President, Consumer Banking Director
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 Bankshares, Inc. Announces Successful Merger With Cambridge Bancorp, And Names David Rosato New Chief Financial Officer
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
Eastern Bankshares, Inc. Announces First Quarter 2025 Earnings Release Date, Conference Call and Webcast
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
Eastern Bankshares, Inc. Reports Fourth Quarter 2024 Net Income of $60.8 Million, or $0.30 per Diluted Share
~ 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. Announces Fourth Quarter 2024 Earnings Release Date, Conference Call and Webcast
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
Amendment: SEC Form SC 13G/A filed by Eastern Bankshares Inc.
SC 13G/A - Eastern Bankshares, Inc. (0001810546) (Subject)
Amendment: SEC Form SC 13G/A filed by Eastern Bankshares Inc.
SC 13G/A - Eastern Bankshares, Inc. (0001810546) (Subject)
Amendment: SEC Form SC 13G/A filed by Eastern Bankshares Inc.
SC 13G/A - Eastern Bankshares, Inc. (0001810546) (Subject)