2 weeks Ago By Defense World Staff
American Century Companies Inc. trimmed its position in Eastern Bankshares, Inc. (NASDAQ:EBC – Free Report) by 37.
7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,768 shares of the company’s stock after selling 199,445 shares during the period. American Century Companies Inc.
owned approximately 0.15% of Eastern Bankshares worth $5,688,000 as of its most recent SEC filing. Several other institutional investors also recently bought and sold shares of EBC.
State Street Corp lifted its stake in shares of Eastern Bankshares by 20.3% in the 3rd quarter. State Street Corp now owns 6,940,433 shares of the company’s stock worth $113,754,000 after acquiring an additional 1,170,276 shares during the period.
Geode Capital Management LLC lifted its position in Eastern Bankshares by 23.0% in the third quarter. Geode Capital Management LLC now owns 4,587,497 shares of the company’s stock valued at $75,203,000 after purchasing an additional 859,136 shares during the period.
Barclays PLC boosted its holdings in Eastern Bankshares by 284.1% in the 3rd quarter. Barclays PLC now owns 617,306 shares of the company’s stock valued at $10,118,000 after purchasing an additional 456,586 shares in the last quarter.
Kovitz Investment Group Partners LLC purchased a new stake in Eastern Bankshares in the 3rd quarter valued at approximately $3,404,000. Finally, Bank of New York Mellon Corp increased its position in Eastern Bankshares by 12.8% during the 4th quarter.
Bank of New York Mellon Corp now owns 1,259,223 shares of the company’s stock worth $21,722,000 after purchasing an additional 142,999 shares during the period. 71.68% of the stock is owned by institutional investors and hedge funds.
Eastern Bankshares Stock Down 2.8 %Shares of EBC opened at $14.49 on Friday.
Eastern Bankshares, Inc. has a 52-week low of $12.22 and a 52-week high of $19.
40. The company has a 50-day simple moving average of $17.33 and a 200-day simple moving average of $17.
34. The company has a market capitalization of $3.09 billion, a PE ratio of 21.
63 and a beta of 0.96. Eastern Bankshares (NASDAQ:EBC – Get Free Report) last issued its earnings results on Thursday, January 23rd.
The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.
05. Eastern Bankshares had a net margin of 11.07% and a return on equity of 6.
02%. On average, research analysts anticipate that Eastern Bankshares, Inc. will post 1.
49 EPS for the current year. Eastern Bankshares Announces DividendThe company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.
12 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.
48 dividend on an annualized basis and a yield of 3.31%. Eastern Bankshares’s payout ratio is 71.
64%. Insiders Place Their BetsIn other Eastern Bankshares news, CFO R David Rosato bought 10,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $15.
40 per share, for a total transaction of $154,000.00. Following the acquisition, the chief financial officer now owns 20,000 shares of the company’s stock, valued at $308,000.
The trade was a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
1.15% of the stock is owned by company insiders. Wall Street Analysts Forecast GrowthSeparately, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $22.
00 price target (up from $21.00) on shares of Eastern Bankshares in a report on Monday, January 27th.Check Out Our Latest Analysis on EBCEastern Bankshares Profile (Free Report)Eastern Bankshares, Inc operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers.
The company provides deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts.Recommended StoriesFive stocks we like better than Eastern BanksharesMarket Cap Calculator: How to Calculate Market CapArcher Aviation’s Africa Deal Could Boost ACHR StockThe Significance of a Trillion-Dollar Market Cap Goes Beyond a NumberAre Short Sellers Wrong About These 3 Semiconductor Stocks?TSX Venture Exchange (Formerly Canadian Venture Exchange)Boeing Gets $50B in March Orders—Is BA Stock a Buy Now?Want to see what other hedge funds are holding EBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eastern Bankshares, Inc.
(NASDAQ:EBC – Free Report)..
