Eastern Bankshares Intrinsic Value – Swiss National Bank Invests $4.24 Million in Eastern Bankshares,
November 30, 2023
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The company is a leading provider of comprehensive banking services to businesses and consumers. Eastern Bankshares ($NASDAQ:EBC) recently announced that the Swiss National Bank has invested $4.24 million in the company’s stock. The investment will help the company further expand its reach in the region and build on its strong track record of delivering reliable financial services to customers. This long-term investment will also provide additional capital for Eastern Bankshares to use in its future operations. The Swiss National Bank’s investment in Eastern Bankshares is part of a larger pattern of investments in US companies by foreign institutions.
As international markets become more interconnected, foreign investments in US companies are becoming increasingly common as a way to diversify and access new markets. Eastern Bankshares is well-positioned to capitalize on these trends and continue to grow its business in the years to come.
Market Price
As a result, EASTERN BANKSHARES stock opened at $12.2 and closed at $12.2, up by 1.2% from its prior closing price of 12.0. Live Quote…
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 |
| – | -44.03 | – |
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 |
| 21.15k | 18.7k | – |
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 |
| – | – | – |
Analysis – Eastern Bankshares Intrinsic Value
GoodWhale has conducted an analysis of the health of EASTERN BANKSHARES. Our proprietary Valuation Line has calculated the intrinsic value of EASTERN BANKSHARES to be around $26.5. Currently, however, it is traded at $12.2 – a 54.0% undervaluation. This presents a great opportunity for investors to take advantage of this undervaluation and purchase shares of the company at a discounted rate. GoodWhale recommends investors take this opportunity to invest in EASTERN BANKSHARES as we believe that it presents a great potential for growth and appreciation in the future. More…
Peers
City Union Bank Ltd, Taichung Commercial Bank Co Ltd, Indian Overseas Bank are some of its competitors.
– City Union Bank Ltd ($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 an attractive investment opportunity with the Swiss National Bank holding $4.24 million in its stock. Analysts note the company’s potential for strong capital appreciation and dividend payout growth due to its resilient financial performance and low cost of capital. The bank has a strong balance sheet with a good credit rating, a diversified loan portfolio, and has maintained a steady rate of return over the last five years. Low interest rates have allowed Eastern to remain competitive and generate decent profits.
The company also boasts low leverage and sizable liquidity reserves, providing an extra layer of security for investors. Taking all of these factors into account, Eastern Bankshares is an attractive investment for those looking for long-term growth and stability.
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