Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides commercial banking products and services primarily to retail, commercial, and small business customers.
Eastern Bankshares Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$19.39|
|52 Week High||US$11.74|
|52 Week Low||US$23.03|
|1 Month Change||-0.51%|
|3 Month Change||-7.75%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||59.59%|
Recent News & Updates
|EBC||US Banks||US Market|
Return vs Industry: Insufficient data to determine how EBC performed against the US Banks industry.
Return vs Market: Insufficient data to determine how EBC performed against the US Market.
Stable Share Price: EBC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: EBC's weekly volatility (4%) has been stable over the past year.
About the Company
Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides commercial banking products and services primarily to retail, commercial, and small business customers. It operates in two segments, Banking Business and Insurance Agency Business. The company provides interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and certificates of deposits, as well as debit and credit cards.
Eastern Bankshares Fundamentals Summary
|EBC fundamental statistics|
Is EBC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|EBC income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.39|
|Net Profit Margin||11.21%|
How did EBC perform over the long term?See historical performance and comparison
1.7%Current Dividend Yield
Is Eastern Bankshares undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: EBC ($19.39) is trading above our estimate of fair value ($19.16)
Significantly Below Fair Value: EBC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EBC is poor value based on its PE Ratio (49.8x) compared to the US Banks industry average (10.7x).
PE vs Market: EBC is poor value based on its PE Ratio (49.8x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: EBC is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: EBC is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.1x).
How is Eastern Bankshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EBC's forecast earnings growth (34.9% per year) is above the savings rate (2%).
Earnings vs Market: EBC's earnings (34.9% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: EBC's revenue (11.4% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: EBC's revenue (11.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if EBC's Return on Equity is forecast to be high in 3 years time
How has Eastern Bankshares performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: EBC has high quality earnings.
Growing Profit Margin: EBC's current net profit margins (11.2%) are lower than last year (19.7%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if EBC's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: EBC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EBC had negative earnings growth (-36.5%) over the past year, making it difficult to compare to the Banks industry average (36%).
Return on Equity
High ROE: EBC's Return on Equity (2%) is considered low.
How is Eastern Bankshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: EBC's Assets to Equity ratio (5x) is low.
Allowance for Bad Loans: EBC has a sufficient allowance for bad loans (254%).
Low Risk Liabilities: 97% of EBC's liabilities are made up of primarily low risk sources of funding.
Loan Level: EBC has an appropriate level of Loans to Assets ratio (56%).
Low Risk Deposits: EBC's Loans to Deposits ratio (72%) is appropriate.
Level of Bad Loans: EBC has an appropriate level of bad loans (0.4%).
What is Eastern Bankshares's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EBC's dividend (1.65%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: EBC's dividend (1.65%) is low compared to the top 25% of dividend payers in the US market (3.63%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether EBC's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if EBC's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36%), EBC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EBC's dividends in 3 years are forecast to be well covered by earnings (29.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Bob Rivers (56 yo)
Mr. Robert F. Rivers, also known as Bob, has been the Chief Executive Officer of Eastern Bank since January 1, 2017 and serves as its Chairman since January 1, 2017. Mr. Rivers serves as Chairman and Chief...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD4.82M) is about average for companies of similar size in the US market ($USD5.28M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
Experienced Board: EBC's board of directors are considered experienced (7.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: EBC only recently listed within the past 12 months.
Eastern Bankshares, Inc.'s employee growth, exchange listings and data sources
- Name: Eastern Bankshares, Inc.
- Ticker: EBC
- Exchange: NasdaqGS
- Founded: 1818
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$3.287b
- Shares outstanding: 171.99m
- Website: https://www.easternbank.com
Number of Employees
- Eastern Bankshares, Inc.
- 265 Franklin Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 23:03|
|End of Day Share Price||2021/09/23 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.