Eastern Bankshares Closes at $11.16, -0.27% from Previous Day’s Close.
May 16, 2023
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Eastern Bankshares ($NASDAQ:EBC) Inc. closed at $11.16 in the previous session, a decrease of 0.27% from the day before when it closed at $11.19. Eastern Bankshares Inc. is a publically traded financial services company with operations throughout the Mid Atlantic region that offers a range of banking and financial services to individuals, businesses, and government institutions. The company operates branches in Maryland, Virginia, and Washington, DC, and provides services such as commercial banking, mortgage banking, wealth management, credit cards, and insurance.
The company has shown strong financial performance with growth in total assets, deposits, and revenues over the last few quarters. With its strong fundamentals and diversified product offerings, Eastern Bankshares Inc. is well-positioned to capitalize on any new opportunities that may present themselves in the near future.
Analysis
GoodWhale’s analysis of EASTERN BANKSHARES puts the company into the ‘cow’ classification, meaning it has a track record of paying out consistent and sustainable dividends. This makes it an attractive investment for investors looking for steady returns. The company also boasts a high health score of 9/10 when it comes to cashflows and debt. This demonstrates its ability to pay off debt and fund future operations. Although it is strong in liquidity, it is medium in terms of asset, dividend and weak in growth and profitability. This makes it better suited for more conservative investors who are looking for longer-term, stable returns. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Eastern Bankshares. More…
| Total Revenues | Net Income | Net Margin |
| – | -45.85 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eastern Bankshares. More…
| Operations | Investing | Financing |
| 229.94 | -1.08k | -215.57 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Eastern Bankshares. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.72k | 20.14k | – |
Key Ratios Snapshot
Some of the financial key ratios for Eastern Bankshares are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.5% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
City Union Bank Ltd, Taichung Commercial Bank Co Ltd, Indian Overseas Bank are some of its competitors.
– City Union Bank Ltd ($BSE:532210)
Union Bank has a market cap of 140.4B as of 2022. The company is a leading commercial bank in India that offers a wide range of banking products and services to its customers. It has a strong presence in the retail, SME, and corporate segments. Union Bank has a wide network of branches and ATMs across the country.
– Taichung Commercial Bank Co Ltd ($TWSE:2812)
As of 2022, Taichung Commercial Bank Co Ltd has a market cap of 61.62B. The company is a financial institution that provides banking and other financial services to individuals and businesses in Taiwan.
– Indian Overseas Bank ($BSE:532388)
Overseas Bank has a market cap of 390.33B as of 2022. The company provides banking and financial services to customers in India and overseas. It has a wide network of branches and ATMs, and offers a range of banking products and services to suit the needs of its customers.
Summary
Eastern Bankshares Inc. is a bank holding company offering financial services and banking products to customers located in the Northeast United States. The company’s stock has recently closed at $11.16 per share, down -0.27% from the previous day’s closing price of $11.19. Investors may want to consider the company’s financials, management team, and strategic positioning in order to evaluate the potential of Eastern Bankshares. In particular, investors should consider whether the company is able to maintain its status as a market leader in the Northeast United States and whether its current financials, including cash flow and income statements, are indicative of future success.
Additionally, investors should review the company’s risk management and compliance policies to ensure that their investments are protected in the short-term and long-term. Finally, investors should consider Eastern Bankshares’ competitive positioning in order to determine if there is potential for growth and profitability.
