<div id="readability-page-1"><p>Abacus Wealth Partners LLC acquired a new stake in shares of  Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities &amp; Exchange Commission. The firm acquired 20,660 shares of the company's stock, valued at approximately $339,000.</p><p>A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EBC. GAMMA Investing LLC increased its stake in shares of  Eastern Bankshares by 92.1% during 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.  Sterling Capital Management LLC increased its position in  Eastern Bankshares by 836.6% during the fourth quarter. Sterling Capital Management LLC now owns 6,219 shares of the company's stock worth $107,000 after purchasing an additional 5,555 shares during the last quarter.  Barrett &amp; Company Inc. acquired a new position in  Eastern Bankshares during the first quarter worth approximately $134,000.  RFG Bristol Wealth Advisors LLC purchased a new position in  Eastern Bankshares during the fourth quarter worth approximately $178,000.  Finally, Cetera Investment Advisers acquired a new position in shares of  Eastern Bankshares in the 1st quarter valued at $169,000. Hedge funds and other institutional investors own  71.68% of the company's stock. </p><div><p><span></span><span>Get <strong>Eastern Bankshares</strong> alerts:</span></p></div><h2>Insider Activity</h2><p>In other news, Director Luis Borgen sold 2,348 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $15.60, for a total value of $36,628.80. Following the transaction, the director owned 29,011 shares in the company, valued at $452,571.60. This represents a 7.49% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders. </p><h2>Analyst Upgrades and Downgrades</h2><p>Separately, Keefe, Bruyette &amp; Woods cut their price objective on Eastern Bankshares from $22.00 to $20.00 and set an &#34;outperform&#34; rating on the stock in a research report on Monday, April 28th.</p><p><b>Read Our Latest Stock Report on EBC</b></p><h2>Eastern Bankshares Trading Down 0.4%</h2><p>Shares of NASDAQ:EBC opened at $15.68 on Thursday. The company has a 50 day moving average of $15.33 and a 200-day moving average of $16.10. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.35 billion, a P/E ratio of -50.58 and a beta of 0.94. Eastern Bankshares, Inc. has a twelve month low of $13.51 and a twelve month high of $19.40. </p><p>Eastern Bankshares (NASDAQ:EBC - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. Eastern Bankshares had a positive return on equity of 7.38% and a negative net margin of 6.49%. The firm had revenue of $249.10 million for the quarter, compared to analyst estimates of $241.32 million.  As a group, analysts anticipate that  Eastern Bankshares, Inc. will post 1.49 earnings per share for the current fiscal year. </p><h2>Eastern Bankshares Announces Dividend</h2><p>The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, September 3rd will be given a $0.13 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.52 annualized dividend and a dividend yield of 3.32%. Eastern Bankshares's dividend payout ratio (DPR) is presently -167.74%. </p><h2>About Eastern Bankshares</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Eastern Bankshares</li><li>What is the Shanghai Stock Exchange Composite Index?</li><li>Visa Beats Q3 Earnings Expectations, So Why Did the Market Panic?</li><li>The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number</li><li>How Marvell Went From Short Target to Breakout Star</li><li>P/E Ratio Calculation: How to Assess Stocks</li><li>Palo Alto Networks: The All‑in‑One Cybersecurity Powerhouse</li></ul><p><strong>Want to see what other hedge funds are holding EBC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eastern Bankshares, Inc. (NASDAQ:EBC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RUJD?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RUJD"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Eastern Bankshares Right Now?</h2><p>Before you consider Eastern Bankshares, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eastern Bankshares wasn't on the list.</p><p>While Eastern Bankshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Abacus Wealth Partners LLC has acquired 20,660 shares of Eastern Bankshares, Inc. (NASDAQ:EBC) valued at approximately $339,000. Other institutional investors have also adjusted their stakes in EBC, with GAMMA Investing LLC increasing its stake by 92.1%. Eastern Bankshares recently declared a quarterly dividend of $0.13, with a dividend yield of 3.32%. The company reported earnings of $0.41 per share for the last quarter, exceeding estimates. The stock is currently trading at $15.68, with a market cap of $3.35 billion.</p>

Abacus Wealth Partners LLC Purchases Shares of 20,660 Eastern Bankshares, Inc. (NASDAQ:EBC)