Eastern Bankshares (EBC) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Eastern Bankshares (NASDAQ: EBC) in the last few weeks:

• 11/3/2026 – Eastern Bankshares had its price target raised by Barclays from $23.00 to $24.00. They now have an “equal weight” rating on the stock.
• 11/2/2026 – Eastern Bankshares was upgraded by Weiss Ratings from “buy (b)” to “buy (b+)”.
• 10/26/2026 – Eastern Bankshares was given a new $26.00 price target by DA Davidson.
• 10/26/2026 – Eastern Bankshares had its “overweight” rating reaffirmed by Piper Sandler. They now have a $26.00 price target on the stock, up from $24.00.
• 10/5/2026 – Eastern Bankshares had its price target raised by Barclays from $22.00 to $23.00. They now have an “equal weight” rating on the stock.
• 10/5/2026 – Eastern Bankshares had its price target lowered by TD Cowen from $26.00 to $25.00. They now have a “buy” rating on the stock.

Eastern Bankshares Stock Down 2.5%

Shares of EBC traded down $0.58 during mid-day trading on Thursday, reaching $22.73. The company’s stock had a trading volume of 2,551,819 shares, compared to its average volume of 2,339,141. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 13.06 and a beta of 0.70. Eastern Bankshares, Inc. has a 1 year low of $16.97 and a 1 year high of $23.78. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average of $21.70 and a 200 day moving average of $21.10.

Eastern Bankshares (NASDAQ:EBC) last posted its earnings results on Thursday, October 22nd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. The company had revenue of $311.70 million during the quarter, compared to the consensus estimate of $310.60 million. Eastern Bankshares had a net margin of 24.04% and a return on equity of 9.37%. As a group, analysts forecast that Eastern Bankshares, Inc. will post 1.89 earnings per share for the current fiscal year.

Eastern Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Monday, December 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, December 7th. Eastern Bankshares’s dividend payout ratio is 34.48%.

Insider Activity

In other Eastern Bankshares news, Director Joseph F. Casey sold 10,000 shares of Eastern Bankshares stock in a transaction on Monday, August 24th. The shares were sold at an average price of $22.72, for a total value of $227,200.00. Following the sale, the director directly owned 62,079 shares in the company, valued at approximately $1,410,434.88. The trade was a 13.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald Westermann sold 23,005 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $21.43, for a total transaction of $492,997.15. Following the sale, the insider directly owned 22,565 shares in the company, valued at $483,567.95. This trade represents a 50.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 65,190 shares of company stock valued at $1,452,900 in the last three months. Company insiders own 1.26% of the company’s stock.

Eastern Bankshares, Inc (NASDAQ:EBC) is the holding company for Eastern Bank, a full-service commercial bank headquartered in Boston, Massachusetts. Founded in 1818, Eastern Bank is one of the oldest and largest mutual banks in the United States to have converted to public ownership.

Eastern Bank provides a range of personal and business banking products, including checking and savings accounts, residential and commercial real estate loans, consumer lending, commercial loans, cash-management services and online banking.