Eastern Bankshares

EBC · NASDAQ

$21.47+$0.46 (+2.19%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $21.01

EBC analyst rating

BuyConsensus of 7 analysts over the last 12 months. 86% rate it a buy.

Strong buy0
Buy6
Hold1
Underperform0
Sell0

12-month price target · 9 analysts

Average $25.31 (+17.9% upside)

Low: $22.22
Now: $21.47
High: $28.35

Upgrades and downgrades

The latest rating actions, newest first

EBC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 5, 2026	Maintains	Equal-Weight	$22.00 → $23.00	54%
TD Cowen	Oct 5, 2026	Maintains	Buy	$26.00 → $25.00	47%
Piper Sandler	Jul 27, 2026	Maintains	Overweight	$24.00 → $26.00	68%
Keefe, Bruyette & Woods	Jul 27, 2026	Maintains	Outperform	$23.00 → $25.00	64%
TD Cowen	Jul 27, 2026	Maintains	Buy	$25.00 → $26.00	47%
DA Davidson	Jul 27, 2026	Maintains	Buy	$24.00 → $25.00	53%
Piper Sandler	Jun 26, 2026	Maintains	Overweight	$23.00 → $24.00	68%
DA Davidson	May 15, 2026	Initiates	Buy	$24.00	53%
TD Cowen	Apr 27, 2026	Maintains	Buy	$23.00 → $22.00	47%
Barclays	Apr 27, 2026	Maintains	Equal-Weight	$23.00 → $22.00	54%

The case for and against

Updated Oct 19, 2025

Bull case

Eastern Bankshares Inc. has demonstrated a positive trend in its net interest margin (NIM), which expanded to 4.72% from 4.56%, coupled with a reduction in the cost of interest-bearing liabilities to 2.05%. The company reported a 3% increase in end-of-period (EOP) loans, driven primarily by significant growth in commercial and industrial loans (C&I), commercial real estate (CRE), and consumer home equity, despite some declines in other areas. Additionally, strategic restructuring efforts have contributed to a stronger margin, while active share buybacks reflect confidence in the company's financial position and future growth potential.

Bear case

Eastern Bankshares has experienced a significant decline in its end-of-period deposits, dropping 9% quarter-over-quarter, with non-interest-bearing (NIB) balances declining 1% and interest-bearing (IB) balances down 12%. Additionally, time deposits fell sharply by 17% as higher-cost deposits exited the balance sheet, indicating potential challenges in attracting and retaining funding. While non-performing assets (NPAs) decreased by approximately 33% to $91.6 million, representing a positive trend in asset quality, the overall decline in deposit metrics may raise concerns about the bank's funding stability and future growth prospects.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.