2 weeks Ago By Defense World Staff
LPL Financial LLC grew its position in Eastern Bankshares, Inc. ( NASDAQ:EBC – Free Report ) by 24.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 38,208 shares of the company’s stock after purchasing an additional 7,517 shares during the quarter. LPL Financial LLC’s holdings in Eastern Bankshares were worth $659,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors have also recently modified their holdings of the company.
KLP Kapitalforvaltning AS purchased a new stake in Eastern Bankshares in the 4th quarter worth $701,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Eastern Bankshares during the fourth quarter worth about $33,000.
Whittier Trust Co. bought a new stake in Eastern Bankshares during the 4th quarter valued at approximately $172,000. Xponance Inc.
raised its stake in Eastern Bankshares by 9.6% during the 4th quarter. Xponance Inc.
now owns 13,778 shares of the company’s stock valued at $238,000 after purchasing an additional 1,203 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in Eastern Bankshares by 152.1% in the 4th quarter.
Intech Investment Management LLC now owns 80,311 shares of the company’s stock worth $1,385,000 after purchasing an additional 48,456 shares in the last quarter. 71.68% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $22.00 price objective (up previously from $21.00) on shares of Eastern Bankshares in a research report on Monday, January 27th.
Eastern Bankshares Stock Up 2.5 % Shares of Eastern Bankshares stock opened at $15.49 on Thursday.
Eastern Bankshares, Inc. has a twelve month low of $12.54 and a twelve month high of $19.
40. The business has a 50-day moving average price of $16.17 and a 200-day moving average price of $17.
16. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 23.
12 and a beta of 0.96. Eastern Bankshares ( NASDAQ:EBC – Get Free Report ) last released its quarterly earnings data on Thursday, January 23rd.
The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.
05. Eastern Bankshares had a return on equity of 6.02% and a net margin of 11.
07%. On average, equities analysts expect that Eastern Bankshares, Inc. will post 1.
49 EPS for the current fiscal year. Insider Activity at Eastern Bankshares In other Eastern Bankshares news, CFO R David Rosato acquired 10,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $15.
40 per share, for a total transaction of $154,000.00. Following the completion of the transaction, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at $308,000.
This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink .
1.10% of the stock is currently owned by insiders. Eastern Bankshares Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than Eastern Bankshares P/E Ratio Calculation: How to Assess Stocks Can IBM’s Q1 Earnings Spark a Breakout for the Stock? Top Biotech Stocks: Exploring Innovation Opportunities S&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry? What is a support level? Fundamentally Sound, These 5 Stocks Sold Off Anyway Receive News & Ratings for Eastern Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eastern Bankshares and related companies with MarketBeat.com's FREE daily email newsletter .
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