Seaport Res Ptn Has Bearish Forecast for EBC FY2025 Earnings

Eastern Bankshares, Inc. (NASDAQ:EBC) – Equities research analysts at Seaport Res Ptn cut their FY2025 earnings per share estimates for shares of Eastern Bankshares in a report released on Monday, November 3rd. Seaport Res Ptn analyst L. Hunsicker now anticipates that the company will post earnings per share of $1.51 for the year, down from their prior estimate of $1.55. The consensus estimate for Eastern Bankshares’ current full-year earnings is $1.49 per share. Seaport Res Ptn also issued estimates for Eastern Bankshares’ Q4 2025 earnings at $0.40 EPS, Q1 2026 earnings at $0.42 EPS, Q2 2026 earnings at $0.46 EPS, Q3 2026 earnings at $0.48 EPS and FY2026 earnings at $1.86 EPS.

A number of other equities analysts have also weighed in on EBC. TD Cowen initiated coverage on shares of Eastern Bankshares in a research report on Thursday, September 25th. They issued a “buy” rating and a $23.00 price target for the company. Cowen began coverage on shares of Eastern Bankshares in a research note on Wednesday, September 24th. They set a “buy” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Eastern Bankshares in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.50.

Eastern Bankshares Trading Down 2.0%

Eastern Bankshares stock opened at $16.94 on Wednesday. Eastern Bankshares has a 12-month low of $13.51 and a 12-month high of $19.40. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 67.76 and a beta of 0.95. The firm has a 50 day moving average of $17.78 and a 200 day moving average of $16.24. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.01.

Eastern Bankshares (NASDAQ:EBC) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.32 earnings per share (EPS) for the quarter. Eastern Bankshares had a return on equity of 8.04% and a net margin of 4.97%.The business had revenue of $162.26 million during the quarter.

Hedge Funds Weigh In On Eastern Bankshares

A number of institutional investors have recently bought and sold shares of EBC. Jane Street Group LLC lifted its holdings in Eastern Bankshares by 789.9% in the first quarter. Jane Street Group LLC now owns 545,589 shares of the company’s stock valued at $8,948,000 after acquiring an additional 484,277 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Eastern Bankshares during the 1st quarter worth about $277,000. Jupiter Asset Management Ltd. acquired a new stake in Eastern Bankshares in the 1st quarter worth about $3,717,000. GAMMA Investing LLC raised its holdings in Eastern Bankshares by 92.1% in the 1st quarter. GAMMA Investing LLC now owns 1,815 shares of the company’s stock valued at $30,000 after acquiring an additional 870 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Eastern Bankshares by 36.2% during the 1st quarter. Intech Investment Management LLC now owns 109,369 shares of the company’s stock worth $1,794,000 after purchasing an additional 29,058 shares during the last quarter. 71.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Robert Francis Rivers bought 50,000 shares of the stock in a transaction on Tuesday, October 28th. The stock was bought at an average cost of $17.21 per share, for a total transaction of $860,500.00. Following the completion of the purchase, the insider directly owned 403,274 shares in the company, valued at approximately $6,940,345.54. The trade was a 14.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Quincy Lee Miller purchased 13,706 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was acquired at an average price of $17.07 per share, with a total value of $233,961.42. Following the completion of the purchase, the president owned 13,706 shares of the company’s stock, valued at $233,961.42. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 73,706 shares of company stock worth $1,265,261. Company insiders own 1.10% of the company’s stock.

Eastern Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 3.1%. Eastern Bankshares’s payout ratio is 208.00%.

About Eastern Bankshares

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. The company provides deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts.