Analysts have maintained their price target for Eastern Bankshares at $21.75 per share, citing subtle improvements in revenue growth projections and a slightly lower future price-to-earnings ratio as the basis for their continued outlook.
What's in the News
- Eastern Bankshares has completed its acquisition of HarborOne Bancorp. Most shareholders chose to receive Eastern stock as consideration (Key Developments).
- HoldCo Asset Management LP, which owns a 3% stake, is calling for Eastern Bankshares to sell itself instead of pursuing more acquisitions and is criticizing recent capital allocation and governance practices (Key Developments).
- Eastern Bankshares' Board of Directors has authorized a new share buyback program that allows up to 11,900,000 shares to be repurchased through October 2026 (Key Developments).
- Eastern Bankshares announced a new commercial banking relationship with LOUD Security Systems Inc., supporting the company's growth with $7.5 million in financing (Key Developments).
Valuation Changes
- Consensus Analyst Price Target remains unchanged at $21.75 per share.
- Discount Rate has decreased marginally from 6.96% to 6.96%.
- Revenue Growth projection has risen slightly, moving from 37.46% to 37.48%.
- Net Profit Margin is nearly stable, with a minor decrease from 48.01% to 48.01%.
- Future P/E ratio has fallen moderately, from 6.93x to 6.59x.
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