Eastern Bankshares, Inc. $EBC Shares Sold by FJ Capital Management LLC

Posted by Stanley Muller on Jun 14th, 2026

FJ Capital Management LLC reduced its position in shares of Eastern Bankshares, Inc. (NASDAQ:EBC – Free Report) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 926,841 shares of the company’s stock after selling 49,501 shares during the period. Eastern Bankshares comprises about 1.9% of FJ Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding. FJ Capital Management LLC’s holdings in Eastern Bankshares were worth $17,082,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Focus Partners Wealth boosted its stake in shares of Eastern Bankshares by 287.3% during the 4th quarter. Focus Partners Wealth now owns 285,577 shares of the company’s stock worth $5,263,000 after acquiring an additional 211,840 shares in the last quarter. Barclays PLC boosted its stake in shares of Eastern Bankshares by 24.2% during the 4th quarter. Barclays PLC now owns 874,433 shares of the company’s stock worth $16,116,000 after acquiring an additional 170,547 shares in the last quarter. Basswood Capital Management L.L.C. bought a new stake in shares of Eastern Bankshares during the 4th quarter worth $21,957,000. Kestra Advisory Services LLC bought a new stake in shares of Eastern Bankshares during the 4th quarter worth $61,000. Finally, Marshall Wace LLP boosted its stake in shares of Eastern Bankshares by 63.0% during the 4th quarter. Marshall Wace LLP now owns 442,104 shares of the company’s stock worth $8,148,000 after acquiring an additional 170,828 shares in the last quarter. 71.68% of the stock is owned by institutional investors.

Eastern Bankshares Price Performance

EBC opened at $20.75 on Friday. The stock has a fifty day moving average of $20.10 and a 200-day moving average of $19.81. The firm has a market capitalization of $4.80 billion, a P/E ratio of 11.66 and a beta of 0.69. Eastern Bankshares, Inc. has a 12-month low of $14.10 and a 12-month high of $22.58. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.16.

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

Eastern Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a dividend of $0.15 per share. This is a positive change from Eastern Bankshares’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, June 5th. Eastern Bankshares’s dividend payout ratio is 33.71%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Eastern Bankshares in a research note on Monday, June 8th. Piper Sandler began coverage on Eastern Bankshares in a report on Monday, March 16th. They issued an “overweight” rating and a $23.00 target price for the company. Stephens began coverage on Eastern Bankshares in a report on Wednesday, April 15th. They issued an “overweight” rating and a $24.00 target price for the company. TD Cowen reduced their target price on Eastern Bankshares from $23.00 to $22.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, Barclays reduced their target price on Eastern Bankshares from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.92.

Read Our Latest Stock Analysis on EBC

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.