Eastern Bankshares Inc's fundamentals are relatively healthy, and its growth potential is good.Its valuation is considered fairly valued, ranking 122 out of 396 in the Banking Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 23.31.In the medium term, the stock price is expected to trend up.Despite a good stock market performance and strong technicals over the past month, the fundamentals don't support the current trend.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Eastern Bankshares Inc's Score
Industry at a Glance
Industry Ranking
122 / 396
Overall Ranking
212 / 4565
Industry
Banking Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Negative
Eastern Bankshares Inc Highlights
StrengthsRisks
Eastern Bankshares, Inc. is the holding company for Eastern Bank (The Bank). Eastern Bank is a local bank with approximately 109 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. The Company provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management division. Its diversified products and services include lending, deposit, and wealth management. offer a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts and time certificates of deposit accounts. Its lending focuses on the various loan categories: commercial and industrial, including its asset-based lending portfolio, commercial real estate, commercial construction, small business banking, residential real estate and home equity loans.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 130.86% year-on-year.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 69.26%.
Overvalued
The company’s latest PB is 1.21, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 193.63M shares, increasing 6.04% quarter-over-quarter.
Eastern Bankshares, Inc. is the holding company for Eastern Bank (The Bank). Eastern Bank is a local bank with approximately 109 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. The Company provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management division. Its diversified products and services include lending, deposit, and wealth management. offer a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts and time certificates of deposit accounts. Its lending focuses on the various loan categories: commercial and industrial, including its asset-based lending portfolio, commercial real estate, commercial construction, small business banking, residential real estate and home equity loans.