What is Seaport Res Ptn’s Estimate for EBC FY2025 Earnings?

Eastern Bankshares, Inc. (NASDAQ:EBC) – Stock analysts at Seaport Res Ptn cut their FY2025 earnings per share estimates for Eastern Bankshares in a report released on Monday, November 3rd. Seaport Res Ptn analyst L. Hunsicker now forecasts that the company will post earnings of $1.51 per share for the year, down from their prior estimate of $1.55. The consensus estimate for Eastern Bankshares’ current full-year earnings is $1.49 per share. Seaport Res Ptn also issued estimates for Eastern Bankshares’ Q4 2025 earnings at $0.40 EPS, Q1 2026 earnings at $0.42 EPS, Q2 2026 earnings at $0.46 EPS, Q3 2026 earnings at $0.48 EPS and FY2026 earnings at $1.86 EPS.

Eastern Bankshares (NASDAQ:EBC) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.32 earnings per share for the quarter. The business had revenue of $162.26 million for the quarter. Eastern Bankshares had a return on equity of 8.04% and a net margin of 4.97%.

EBC has been the topic of a number of other reports. TD Cowen began coverage on shares of Eastern Bankshares in a report on Thursday, September 25th. They issued a “buy” rating and a $23.00 price objective on the stock. Cowen assumed coverage on Eastern Bankshares in a report on Wednesday, September 24th. They set a “buy” rating for the company. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastern Bankshares in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Eastern Bankshares currently has an average rating of “Moderate Buy” and an average target price of $21.50.

Eastern Bankshares Stock Down 2.0%

Shares of NASDAQ:EBC opened at $16.94 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.01. Eastern Bankshares has a fifty-two week low of $13.51 and a fifty-two week high of $19.40. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 67.76 and a beta of 0.95. The firm’s 50 day moving average price is $17.78 and its 200 day moving average price is $16.24.

Eastern Bankshares Dividend Announcement

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 given a dividend of $0.13 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.1%. Eastern Bankshares’s payout ratio is 208.00%.

Insider Activity

In other news, insider Robert Francis Rivers purchased 50,000 shares of the business’s stock in a transaction on Tuesday, October 28th. The shares were bought at an average price of $17.21 per share, with a total value of $860,500.00. Following the completion of the transaction, the insider directly owned 403,274 shares in the company, valued at approximately $6,940,345.54. This represents a 14.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO R David Rosato acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The stock was purchased at an average cost of $17.08 per share, with a total value of $170,800.00. Following the completion of the acquisition, the chief financial officer directly owned 30,000 shares of the company’s stock, valued at approximately $512,400. This trade represents a 50.00% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 73,706 shares of company stock valued at $1,265,261. Insiders own 1.10% of the company’s stock.

Institutional Trading of Eastern Bankshares

A number of large investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its position in Eastern Bankshares by 1.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,770,710 shares of the company’s stock worth $160,240,000 after purchasing an additional 93,157 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Eastern Bankshares by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 8,019,676 shares of the company’s stock worth $131,522,000 after buying an additional 1,087,206 shares during the period. HoldCo Asset Management LP purchased a new position in shares of Eastern Bankshares during the second quarter worth about $79,534,000. Geode Capital Management LLC increased its position in Eastern Bankshares by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 4,732,472 shares of the company’s stock valued at $72,274,000 after acquiring an additional 31,228 shares during the period. Finally, Brown Advisory Inc. lifted its position in Eastern Bankshares by 12.7% during the 1st quarter. Brown Advisory Inc. now owns 4,180,377 shares of the company’s stock worth $68,558,000 after acquiring an additional 469,743 shares during the period. Institutional investors and hedge funds own 71.68% of the company’s stock.

About Eastern Bankshares

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.