<div id="readability-page-1"><p>Eastern Bankshares, Inc. (NASDAQ:EBC - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $19.34 and last traded at $19.2950, with a volume of 325167 shares traded. The stock had previously closed at $19.05.</p><div><p><span></span><span>Get <strong>Eastern Bankshares</strong> alerts:</span></p></div><h2>Wall Street Analyst Weigh In</h2><p>A number of equities analysts have recently weighed in on EBC shares. TD Cowen started coverage on shares of Eastern Bankshares in a research report on Thursday, September 25th. They set a &#34;buy&#34; rating and a $23.00 price target on the stock. Keefe, Bruyette &amp; Woods  reaffirmed an &#34;outperform&#34; rating on shares of Eastern Bankshares in a research report on Friday. Cowen began coverage on Eastern Bankshares in a research report on Wednesday, September 24th. They issued a &#34;buy&#34; rating for the company. Finally, Weiss Ratings  reissued a &#34;hold (c)&#34; rating on shares of Eastern Bankshares in a research note on Monday, December 1st. Three research analysts have rated the stock with a Buy rating and one  has assigned  a Hold rating to the company's stock. Based on data from MarketBeat, Eastern Bankshares currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $21.50.</p><p><b>Check Out Our Latest Analysis on EBC</b></p><h2>Eastern Bankshares Stock Performance</h2><p>The stock's 50 day moving average price is $18.06 and its 200 day moving average price is $16.70. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 77.42 and a beta of 0.83. </p><p>Eastern Bankshares (NASDAQ:EBC - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.32 earnings per share for the quarter. The firm had revenue of $162.26 million for the quarter. Eastern Bankshares had a return on equity of 7.94% and a net margin of 4.97%. Analysts expect that  Eastern Bankshares, Inc. will post 1.49 earnings per share for the current year. </p><h2>Eastern Bankshares Announces Dividend</h2><p>The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Wednesday, December 3rd will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, December 3rd. Eastern Bankshares's dividend payout ratio  is presently 208.00%. </p><h2>Insider Activity</h2><p>In other Eastern Bankshares news, Director Joseph F. Casey sold 322,771 shares of Eastern Bankshares stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $19.03, for a total transaction of $6,142,332.13. Following the completion of the transaction, the director directly owned 36,112 shares of the company's stock, valued at $687,211.36. The trade was a 89.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Francis Rivers bought 50,000 shares of the firm's stock in a transaction on Tuesday, October 28th. The stock was purchased at an average cost of $17.21 per share, for a total transaction of $860,500.00. Following the completion of the acquisition, the insider owned 403,274 shares in the company, valued at approximately $6,940,345.54. This trade represents a 14.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own  1.10% of the company's stock. </p><h2>Institutional Investors Weigh In On Eastern Bankshares</h2><p>Hedge funds have recently made changes to their positions in the business. Assetmark Inc. lifted its stake in shares of  Eastern Bankshares by 8,112.5% during the 2nd quarter. Assetmark Inc. now owns 1,971 shares of the company's stock valued at $30,000 after buying an additional 1,947 shares in the last quarter.  Corsicana &amp; Co. purchased a new position in shares of  Eastern Bankshares during the 3rd quarter valued at $36,000.  Allworth Financial LP increased its holdings in shares of  Eastern Bankshares by 36.4% in the third quarter. Allworth Financial LP now owns 2,189 shares of the company's stock worth $40,000 after purchasing an additional 584 shares during the period.  Federated Hermes Inc. purchased a new stake in shares of  Eastern Bankshares in the third quarter worth $49,000.  Finally, CWM LLC boosted its position in shares of  Eastern Bankshares by 90.5% during the 2nd quarter. CWM LLC now owns 2,862 shares of the company's stock valued at $44,000 after acquiring an additional 1,360 shares during the last quarter. 71.68% of the stock is currently owned by institutional investors. </p><h2>Eastern Bankshares Company Profile</h2> (Get 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>See Also</h2><ul><li>Five stocks we like better than Eastern Bankshares</li><li>Find and Profitably Trade Stocks at 52-Week Lows</li><li>SoftBank’s Next AI Move? DigitalBridge Rockets 46% on Takeover Buzz</li><li>Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?</li><li>D-Wave's 22% Surge: What's Behind the December Rally?</li><li>Stock Market Upgrades: What Are They?</li><li>Netflix Wins the Streaming Wars: The $82B Warner Bros. Deal</li></ul><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 reporting and unbiased coverage. 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>Eastern Bankshares (NASDAQ:EBC) reached a new 52-week high at $19.34. Analysts have given it a "Moderate Buy" rating with a target price of $21.50. The company announced a quarterly dividend of $0.13, yielding 2.7%. Insider trading includes significant stock sales and purchases. Institutional investors have increased their holdings, with 71.68% ownership. The stock's performance and financial metrics are highlighted, including a market cap of $4.08 billion and a P/E ratio of 77.42.</p>

Eastern Bankshares (NASDAQ:EBC) Sets New 1-Year High - Still a Buy?