Eastern Bankshares, Inc. $EBC Shares Sold by Northstar Asset Management Inc.

Posted by Brenda Bartman on Aug 29th, 2026

Northstar Asset Management Inc. decreased its holdings in shares of Eastern Bankshares, Inc. (NASDAQ:EBC – Free Report) by 86.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,430 shares of the company’s stock after selling 225,225 shares during the period. Northstar Asset Management Inc.’s holdings in Eastern Bankshares were worth $766,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in Eastern Bankshares by 32.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,166 shares of the company’s stock worth $42,000 after buying an additional 529 shares during the last quarter. 1620 Investment Advisors Inc. lifted its stake in Eastern Bankshares by 8.3% in the fourth quarter. 1620 Investment Advisors Inc. now owns 7,092 shares of the company’s stock valued at $131,000 after buying an additional 543 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Eastern Bankshares by 2.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 27,812 shares of the company’s stock valued at $513,000 after buying an additional 584 shares during the last quarter. California State Teachers Retirement System lifted its stake in Eastern Bankshares by 0.4% in the second quarter. California State Teachers Retirement System now owns 179,379 shares of the company’s stock valued at $2,739,000 after buying an additional 660 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in shares of Eastern Bankshares by 6.0% during the second quarter. Orion Porfolio Solutions LLC now owns 13,102 shares of the company’s stock valued at $200,000 after acquiring an additional 740 shares during the period. 71.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on EBC shares. Seaport Research Partners reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Eastern Bankshares in a report on Monday, July 27th. Wall Street Zen upgraded shares of Eastern Bankshares from a “sell” rating to a “hold” rating in a research report on Sunday, August 23rd. 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 note on Tuesday, July 28th. Hovde Group lifted their price target on Eastern Bankshares from $23.50 to $26.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $26.00 price target (up from $24.00) on shares of Eastern Bankshares in a report on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Eastern Bankshares presently has a consensus rating of “Moderate Buy” and an average price target of $24.86.

View Our Latest Research Report on EBC

Eastern Bankshares Price Performance

Shares of NASDAQ EBC opened at $22.29 on Friday. The stock has a market cap of $5.09 billion, a P/E ratio of 12.66 and a beta of 0.68. The firm’s 50-day simple moving average is $22.67 and its 200 day simple moving average is $20.97. Eastern Bankshares, Inc. has a fifty-two week low of $16.61 and a fifty-two week high of $23.77. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09.

Eastern Bankshares (NASDAQ:EBC – Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The firm had revenue of $316.01 million for the quarter, compared to analysts’ expectations of $308.20 million. Eastern Bankshares had a net margin of 25.12% and a return on equity of 8.71%. Equities analysts expect that Eastern Bankshares, Inc. will post 1.88 EPS for the current year.

Eastern Bankshares Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Joseph F. Casey sold 1,778 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $22.69, for a total value of $40,342.82. Following the completion of the sale, the director owned 60,301 shares in the company, valued at $1,368,229.69. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Luis Borgen sold 1,710 shares of Eastern Bankshares stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $22.71, for a total value of $38,834.10. Following the transaction, the director directly owned 20,475 shares in the company, valued at approximately $464,987.25. The trade was a 7.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 35,197 shares of company stock worth $809,724 in the last three months. Company insiders own 1.26% of the company’s stock.

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.