Eastern Bankshares, Inc. $EBC Shares Acquired by Vest Financial LLC

Posted by George Bondi on Oct 24th, 2026

Vest Financial LLC grew its position in Eastern Bankshares, Inc. (NASDAQ:EBC – Free Report) by 98.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 188,493 shares of the company’s stock after buying an additional 93,296 shares during the period. Vest Financial LLC owned approximately 0.08% of Eastern Bankshares worth $3,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EBC. BlackRock Inc. bought a new position in Eastern Bankshares during the 2nd quarter worth about $498,672,000. State Street Corp boosted its holdings in shares of Eastern Bankshares by 42.3% in the 2nd quarter. State Street Corp now owns 12,124,657 shares of the company’s stock valued at $269,652,000 after buying an additional 3,603,128 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Eastern Bankshares by 28.9% in the first quarter. Jennison Associates LLC now owns 6,846,216 shares of the company’s stock valued at $133,912,000 after buying an additional 1,535,094 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Eastern Bankshares in the second quarter valued at $38,188,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Eastern Bankshares in the second quarter valued at $37,479,000. 71.68% of the stock is currently owned by institutional investors and hedge funds.

Key Eastern Bankshares News

Here are the key news stories impacting Eastern Bankshares this week:

Positive Sentiment: Q3 earnings exceeded expectations. Eastern Bankshares reported adjusted earnings of $0.51 per share, up from $0.37 a year earlier and $0.02 above the $0.49 analyst consensus. Reported revenue was $311.7 million versus expectations of $310.6 million. Eastern Bankshares Q3 Earnings Beat Estimates
Positive Sentiment: Dividend maintained. The bank declared a quarterly cash dividend of $0.15 per share, payable December 21 to shareholders of record December 7. The $0.60 annualized payout equates to a reported yield of approximately 2.7%, supporting the stock’s income appeal. Eastern Bankshares Declares Quarterly Cash Dividend
Neutral Sentiment: Management commentary may shape the next move. The Q3 earnings call transcript provides additional details on loan growth, margins, credit quality and the company’s outlook, but the available headline does not identify a specific new catalyst. Eastern Bankshares Q3 2026 Earnings Call Transcript
Negative Sentiment: Credit-loss data remains a potential risk. Eastern Bankshares reported net loans charged off during the quarter ended September 30. Without the charge-off amount or comparison with prior periods in the headline, investors may view the disclosure as a reason to monitor asset quality and future provisioning. Eastern Bankshares Reports Net Loans Charged Off

Analysts Set New Price Targets

Several analysts have issued reports on EBC shares. Stephens lowered shares of Eastern Bankshares from an “overweight” rating to an “equal weight” rating and set a $24.00 price target on the stock. in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods lifted their price objective on shares of Eastern Bankshares from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Piper Sandler restated an “overweight” rating and set a $26.00 price objective (up from $24.00) on shares of Eastern Bankshares in a research note on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eastern Bankshares in a report on Friday, August 7th. Finally, Hovde Group upped their target price on shares of Eastern Bankshares from $23.50 to $26.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.86.

Read Our Latest Analysis on EBC

Insider Transactions at Eastern Bankshares

In other news, Director Joseph Casey sold 1,778 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $22.69, for a total value of $40,342.82. Following the completion of the transaction, the director directly owned 60,301 shares in the company, valued at approximately $1,368,229.69. The trade was a 2.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donald Westermann sold 23,005 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $21.43, for a total transaction of $492,997.15. Following the sale, the insider directly owned 22,565 shares of the company’s stock, valued at approximately $483,567.95. This trade represents a 50.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,190 shares of company stock worth $1,452,900 over the last quarter. Corporate insiders own 1.26% of the company’s stock.

Eastern Bankshares Stock Performance

EBC opened at $22.40 on Friday. The firm has a market cap of $5.12 billion, a P/E ratio of 12.87 and a beta of 0.70. Eastern Bankshares, Inc. has a 52-week low of $16.61 and a 52-week high of $23.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The business’s fifty day moving average is $21.73 and its 200-day moving average is $21.40.

Eastern Bankshares (NASDAQ:EBC – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $311.70 million for the quarter, compared to analysts’ expectations of $310.60 million. Eastern Bankshares had a return on equity of 9.31% and a net margin of 24.04%. Sell-side analysts expect that Eastern Bankshares, Inc. will post 1.88 EPS for the current fiscal year.

Eastern Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Monday, December 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, December 7th. Eastern Bankshares’s dividend payout ratio is presently 34.09%.

About Eastern Bankshares

(Free Report)

Eastern Bankshares, Inc (NASDAQ:EBC) is the holding company for Eastern Bank, a full-service commercial bank headquartered in Boston, Massachusetts. Founded in 1818, Eastern Bank is one of the oldest and largest mutual banks in the United States to have converted to public ownership.

Eastern Bank provides a range of personal and business banking products, including checking and savings accounts, residential and commercial real estate loans, consumer lending, commercial loans, cash-management services and online banking.