1,191,380 Shares in Eastern Bankshares, Inc. $EBC Purchased by Basswood Capital Management L.L.C.

Posted by Francis Steltz on Jun 14th, 2026

Basswood Capital Management L.L.C. bought a new stake in shares of Eastern Bankshares, Inc. (NASDAQ:EBC – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,191,380 shares of the company’s stock, valued at approximately $21,957,000. Basswood Capital Management L.L.C. owned 0.57% of Eastern Bankshares as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in EBC. EverSource Wealth Advisors LLC increased its position in Eastern Bankshares by 87.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,637 shares of the company’s stock valued at $30,000 after purchasing an additional 762 shares during the period. Danske Bank A S increased its position in Eastern Bankshares by 533.3% during the 4th quarter. Danske Bank A S now owns 1,900 shares of the company’s stock valued at $35,000 after purchasing an additional 1,600 shares during the period. Allworth Financial LP increased its position in Eastern Bankshares by 36.4% during the 3rd quarter. Allworth Financial LP now owns 2,189 shares of the company’s stock valued at $40,000 after purchasing an additional 584 shares during the period. Flagship Harbor Advisors LLC purchased a new position in Eastern Bankshares during the 4th quarter valued at about $52,000. Finally, Bayforest Capital Ltd purchased a new position in Eastern Bankshares during the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 71.68% of the company’s stock.

Analysts Set New Price Targets

EBC has been the topic of a number of research reports. Stephens initiated coverage on shares of Eastern Bankshares in a research report on Wednesday, April 15th. They set an “overweight” rating and a $24.00 target price on the stock. Piper Sandler initiated coverage on shares of Eastern Bankshares in a research report on Monday, March 16th. They set an “overweight” rating and a $23.00 target price on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Eastern Bankshares in a research report on Monday, June 8th. TD Cowen cut their target price on shares of Eastern Bankshares from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Finally, Weiss Ratings raised shares of Eastern Bankshares from a “hold (c)” rating to a “buy (b)” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.92.

Read Our Latest Stock Report on EBC

Eastern Bankshares Stock Up 0.1%

NASDAQ:EBC opened at $20.75 on Friday. Eastern Bankshares, Inc. has a fifty-two week low of $14.10 and a fifty-two week high of $22.58. The stock has a market capitalization of $4.80 billion, a P/E ratio of 11.66 and a beta of 0.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 0.91. The company’s 50-day simple moving average is $20.10 and its 200-day simple moving average is $19.81.

Eastern Bankshares (NASDAQ:EBC – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Eastern Bankshares had a net margin of 26.28% and a return on equity of 8.42%. The firm had revenue of $295.90 million during the quarter, compared to the consensus estimate of $308.68 million. On average, equities analysts anticipate that Eastern Bankshares, Inc. will post 1.87 earnings per share for the current fiscal year.

Eastern Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be issued a $0.15 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from Eastern Bankshares’s previous quarterly dividend of $0.13. Eastern Bankshares’s dividend payout ratio (DPR) is 33.71%.

Eastern Bankshares Profile

(Free Report)

Eastern Bankshares, Inc is the bank holding company for Eastern Bank, one of the oldest and largest mutual banks in the United States. Founded in 1818 as Salem Savings Bank and later rebranded as Eastern Bank in 1989, the company preserved its mutual ownership structure for more than two centuries. In March 2020, it completed an initial public offering and began trading on the Nasdaq under the ticker EBC, while continuing to emphasize its community-focused heritage.

Through its primary subsidiary, Eastern Bank, the company delivers a broad range of commercial and consumer banking products.