Eastern Bankshares (EBC) to Release Earnings on Thursday

Eastern Bankshares (NASDAQ:EBC) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Eastern Bankshares (NASDAQ:EBC) last announced its earnings results on Thursday, January 25th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.11). The company had revenue of $160.05 million during the quarter, compared to analysts’ expectations of $153.53 million. On average, analysts expect Eastern Bankshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Eastern Bankshares Stock Up 1.0 %

Shares of EBC stock opened at $12.95 on Tuesday. Eastern Bankshares has a 1-year low of $9.93 and a 1-year high of $15.07. The stock’s fifty day moving average price is $13.15 and its 200 day moving average price is $13.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 9.18 and a beta of 0.85.

Eastern Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 3.40%. Eastern Bankshares’s dividend payout ratio (DPR) is 31.21%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Eastern Bankshares in a research note on Friday, January 26th.

Insiders Place Their Bets

In other Eastern Bankshares news, Director Luis Borgen sold 40,288 shares of Eastern Bankshares stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $13.08, for a total transaction of $526,967.04. Following the completion of the sale, the director now owns 42,040 shares of the company’s stock, valued at approximately $549,883.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.15% of the stock is currently owned by insiders.

Eastern Bankshares Company Profile

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.