Capstone Investment Advisors LLC Acquires Shares of 22,892 Eastern Bankshares, Inc. $EBC

Posted by Geri Gentry on Aug 29th, 2026

Capstone Investment Advisors LLC bought a new stake in Eastern Bankshares, Inc. (NASDAQ:EBC – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,892 shares of the company’s stock, valued at approximately $509,000.

Several other hedge funds have also recently modified their holdings of EBC. Vanguard Group Inc. grew its holdings in Eastern Bankshares by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 21,874,030 shares of the company’s stock worth $403,138,000 after acquiring an additional 2,440,017 shares during the period. UBS Group AG lifted its stake in shares of Eastern Bankshares by 249.9% in the 4th quarter. UBS Group AG now owns 1,810,225 shares of the company’s stock valued at $33,362,000 after purchasing an additional 1,292,857 shares during the period. Algebris UK Ltd. boosted its position in shares of Eastern Bankshares by 21.8% in the 4th quarter. Algebris UK Ltd. now owns 624,471 shares of the company’s stock worth $11,514,000 after purchasing an additional 111,811 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Eastern Bankshares in the 2nd quarter worth $1,074,000. Finally, Minerva Advisors LLC acquired a new stake in shares of Eastern Bankshares during the fourth quarter worth $1,153,000. Institutional investors and hedge funds own 71.68% of the company’s stock.

Insider Activity

In related news, Director Luis Borgen sold 1,710 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $22.71, for a total transaction of $38,834.10. Following the completion of the sale, the director directly owned 20,475 shares of the company’s stock, valued at approximately $464,987.25. This represents a 7.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph F. Casey sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $22.72, for a total transaction of $227,200.00. Following the sale, the director owned 62,079 shares in the company, valued at $1,410,434.88. This trade represents a 13.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 35,197 shares of company stock worth $809,724 in the last quarter. 1.26% of the stock is currently owned by company insiders.

Eastern Bankshares Stock Performance

Shares of Eastern Bankshares stock opened at $22.29 on Friday. The company has a market capitalization of $5.09 billion, a PE ratio of 12.66 and a beta of 0.68. Eastern Bankshares, Inc. has a 12 month low of $16.61 and a 12 month high of $23.77. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $22.67 and its 200 day simple moving average is $20.97.

Eastern Bankshares (NASDAQ:EBC – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03. Eastern Bankshares had a return on equity of 8.71% and a net margin of 25.12%.The firm had revenue of $316.01 million for the quarter, compared to analyst estimates of $308.20 million. On average, research analysts predict that Eastern Bankshares, Inc. will post 1.88 EPS for the current year.

Eastern Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 8th. Eastern Bankshares’s payout ratio is 34.09%.

Wall Street Analyst Weigh In

A number of research firms recently commented on EBC. Keefe, Bruyette & Woods upped their price objective on Eastern Bankshares from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Piper Sandler restated an “overweight” rating and set a $26.00 target price (up from $24.00) on shares of Eastern Bankshares in a research report on Monday, July 27th. Seaport Research Partners reaffirmed a “buy” rating and issued a $27.00 price target on shares of Eastern Bankshares in a research note on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Eastern Bankshares in a research note on Friday, August 7th. Finally, Hovde Group boosted their price objective 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 research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.86.

Read Our Latest Stock Analysis on Eastern Bankshares

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.