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Hot Stocks
Eastern Insurance Group acquires assets of Barr Insurance Agency » 12:21
05/03/21
05/03
12:21
05/03/21
12:21
EBC

Eastern Bankshares

$21.75 /

+0.42 (+1.97%)

Eastern Insurance Group,…

Eastern Insurance Group, a wholly owned subsidiary of Eastern Bank, announced that it has acquired the operating assets of the Barr Insurance Agency, a full-service, family-operated insurance agency headquartered in Watertown, MA. The transaction is effective May 1, 2021. Barr Insurance has assisted individuals and businesses with personal and business insurance coverages for more than 50 years.

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EBC Eastern Bankshares
$21.75 /

+0.42 (+1.97%)

EBC Eastern Bankshares
$21.75 /

+0.42 (+1.97%)

02/18/21 Seaport Global
Eastern Bankshares initiated with a Buy at Seaport Global
11/10/20 JPMorgan
Eastern Bankshares initiated with a Neutral at JPMorgan
11/09/20 Keefe Bruyette
Eastern Bankshares initiated with an Outperform at Keefe Bruyette
10/15/20 Janney Montgomery Scott
Eastern Bankshares initiated with a Buy at Janney Montgomery Scott
EBC Eastern Bankshares
$21.75 /

+0.42 (+1.97%)

EBC Eastern Bankshares
$21.75 /

+0.42 (+1.97%)

EBC Eastern Bankshares
$21.75 /

+0.42 (+1.97%)

Earnings
Eastern Bankshares reports Q1 operating EPS 27c, consensus 20c » 16:18
04/29/21
04/29
16:18
04/29/21
16:18
EBC

Eastern Bankshares

$21.59 /

+0.33 (+1.55%)

"We're off to a…

"We're off to a tremendous start in 2021 and I'd like to thank all of our employees for their contributions," said Bob Rivers, Chief Executive Officer and Chair of the Board of Eastern Bankshares, Inc. and Eastern Bank. "Our financial results for the first quarter show strong organic growth, sound asset quality, and reflect our continued commitment to be a source of financial support to businesses in need during the pandemic with the origination of $453 million in PPP loans in the first quarter. As we look to the future, our recently announced agreement to merge with Century is the next step in our journey towards expanding our presence in the communities we serve, and we look forward to welcoming Century's customers."

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EBC Eastern Bankshares
$21.59 /

+0.33 (+1.55%)

EBC Eastern Bankshares
$21.59 /

+0.33 (+1.55%)

02/18/21 Seaport Global
Eastern Bankshares initiated with a Buy at Seaport Global
11/10/20 JPMorgan
Eastern Bankshares initiated with a Neutral at JPMorgan
11/09/20 Keefe Bruyette
Eastern Bankshares initiated with an Outperform at Keefe Bruyette
10/15/20 Janney Montgomery Scott
Eastern Bankshares initiated with a Buy at Janney Montgomery Scott
EBC Eastern Bankshares
$21.59 /

+0.33 (+1.55%)

EBC Eastern Bankshares
$21.59 /

+0.33 (+1.55%)

EBC Eastern Bankshares
$21.59 /

+0.33 (+1.55%)

Conference/Events
Eastern Bankshares to host conference call » 09:55
04/08/21
04/08
09:55
04/08/21
09:55
CNBKA

Century Bancorp

$113.99 /

+20.99 (+22.57%)

, EBC

Eastern Bankshares

$19.23 /

+0.06 (+0.31%)

CEO & Chairman Rivers…

CEO & Chairman Rivers and CFO & Treasurer Fitzgerald hold a conference call to discuss the merger agreement with Century Bancorp on April 8 at 10 am. Webcast Link

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EBC Eastern Bankshares
$19.23 /

+0.06 (+0.31%)

CNBKA Century Bancorp
$113.99 /

+20.99 (+22.57%)

CNBKA Century Bancorp
$113.99 /

+20.99 (+22.57%)

EBC Eastern Bankshares
$19.23 /

+0.06 (+0.31%)

02/18/21 Seaport Global
Eastern Bankshares initiated with a Buy at Seaport Global
11/10/20 JPMorgan
Eastern Bankshares initiated with a Neutral at JPMorgan
11/09/20 Keefe Bruyette
Eastern Bankshares initiated with an Outperform at Keefe Bruyette
10/15/20 Janney Montgomery Scott
Eastern Bankshares initiated with a Buy at Janney Montgomery Scott
EBC Eastern Bankshares
$19.23 /

+0.06 (+0.31%)

EBC Eastern Bankshares
$19.23 /

+0.06 (+0.31%)

EBC Eastern Bankshares
$19.23 /

+0.06 (+0.31%)

EBC Eastern Bankshares
$19.23 /

+0.06 (+0.31%)

Conference/Events
Eastern Bankshares to host conference call » 08:18
04/08/21
04/08
08:18
04/08/21
08:18
CNBKA

Century Bancorp

$91.75 /

-2.76 (-2.92%)

, EBC

Eastern Bankshares

$19.17 /

-0.21 (-1.08%)

CEO & Chairman Rivers…

CEO & Chairman Rivers and CFO & Treasurer Fitzgerald hold a conference call to discuss the merger agreement with Century Bancorp on April 8 at 10 am. Webcast Link

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EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

CNBKA Century Bancorp
$91.75 /

-2.76 (-2.92%)

CNBKA Century Bancorp
$91.75 /

-2.76 (-2.92%)

EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

02/18/21 Seaport Global
Eastern Bankshares initiated with a Buy at Seaport Global
11/10/20 JPMorgan
Eastern Bankshares initiated with a Neutral at JPMorgan
11/09/20 Keefe Bruyette
Eastern Bankshares initiated with an Outperform at Keefe Bruyette
10/15/20 Janney Montgomery Scott
Eastern Bankshares initiated with a Buy at Janney Montgomery Scott
EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

Hot Stocks
Eastern Bankshares raises quarterly dividend to 8c from 6c per share » 20:07
04/07/21
04/07
20:07
04/07/21
20:07
EBC

Eastern Bankshares

$19.17 /

-0.21 (-1.08%)

The dividend is payable…

The dividend is payable on June 15, 2021, to shareholders of record as of the close of business on June 3, 2021.

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EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

02/18/21 Seaport Global
Eastern Bankshares initiated with a Buy at Seaport Global
11/10/20 JPMorgan
Eastern Bankshares initiated with a Neutral at JPMorgan
11/09/20 Keefe Bruyette
Eastern Bankshares initiated with an Outperform at Keefe Bruyette
10/15/20 Janney Montgomery Scott
Eastern Bankshares initiated with a Buy at Janney Montgomery Scott
EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

Hot Stocks
Eastern Bankshares to merge with Century Bancorp in $642M deal » 20:06
04/07/21
04/07
20:06
04/07/21
20:06
EBC

Eastern Bankshares

$19.17 /

-0.21 (-1.08%)

, CNBKA

Century Bancorp

$91.75 /

-2.76 (-2.92%)

Eastern Bankshares (EBC)…

Eastern Bankshares (EBC) and Century Bancorp (CNBKA) jointly announced they have entered into a definitive all-cash merger agreement with an aggregate transaction value of $642M. This in-market transaction comes less than six months after Eastern's initial public offering that raised approximately $1.7 billion in equity capital. Under terms of the merger agreement, which has been unanimously approved by both boards of directors, Century shareholders will receive $115.28 in cash for each share of Century Bancorp, Inc.'s common stock. The acquisition is expected to close in the fourth quarter of 2021, subject to certain conditions, including the receipt of required regulatory approvals, shareholder approval, and other standard conditions. Upon closing, Eastern intends to merge Century into Eastern with Eastern continuing as the surviving entity and concurrently merge Century Bank into Eastern Bank and convert Century customers to the Eastern platform with Century Bank branches assuming the Eastern Bank name.

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EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

02/18/21 Seaport Global
Eastern Bankshares initiated with a Buy at Seaport Global
11/10/20 JPMorgan
Eastern Bankshares initiated with a Neutral at JPMorgan
11/09/20 Keefe Bruyette
Eastern Bankshares initiated with an Outperform at Keefe Bruyette
10/15/20 Janney Montgomery Scott
Eastern Bankshares initiated with a Buy at Janney Montgomery Scott
CNBKA Century Bancorp
$91.75 /

-2.76 (-2.92%)

EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

EBC Eastern Bankshares
$19.17 /

-0.21 (-1.08%)

Over a quarter ago
Initiation
Eastern Bankshares initiated with a Buy at Seaport Global » 07:01
02/18/21
02/18
07:01
02/18/21
07:01
EBC

Eastern Bankshares

$16.58 /

-0.22 (-1.31%)

Seaport Global analyst…

Seaport Global analyst David Bishop initiated coverage of Eastern Bankshares with a Buy rating and $19 price target. Calling it a "bedrock Boston franchise," Bishop believes that the core banking franchise has significant profitability potential upon deployment of capital, adding that its deposit franchise is "one of the more impressive in New England."

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EBC Eastern Bankshares
$16.58 /

-0.22 (-1.31%)

EBC Eastern Bankshares
$16.58 /

-0.22 (-1.31%)

11/10/20 JPMorgan
Eastern Bankshares initiated with a Neutral at JPMorgan
11/09/20 Keefe Bruyette
Eastern Bankshares initiated with an Outperform at Keefe Bruyette
10/15/20 Janney Montgomery Scott
Eastern Bankshares initiated with a Buy at Janney Montgomery Scott
10/08/20 Compass Point
Eastern Bankshares initiated with a Buy at Compass Point
EBC Eastern Bankshares
$16.58 /

-0.22 (-1.31%)

EBC Eastern Bankshares
$16.58 /

-0.22 (-1.31%)

EBC Eastern Bankshares
$16.58 /

-0.22 (-1.31%)

EBC Eastern Bankshares
$16.58 /

-0.22 (-1.31%)

Hot Stocks
Eastern Bankshares initiates 6c per share quarterly cash dividend » 05:36
01/29/21
01/29
05:36
01/29/21
05:36
EBC

Eastern Bankshares

$16.11 /

+0.13 (+0.81%)

The company's board…

The company's board of directors declared a quarterly cash dividend of 6c per common share, payable on March 15 to shareholders of record as of the close of business on March 3. The company expects to continue paying quarterly dividends, the declaration, timing and amounts of which remain subject to the discretion of the company's board of directors.

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EBC Eastern Bankshares
$16.11 /

+0.13 (+0.81%)

EBC Eastern Bankshares
$16.11 /

+0.13 (+0.81%)

11/10/20 JPMorgan
Eastern Bankshares initiated with a Neutral at JPMorgan
11/09/20 Keefe Bruyette
Eastern Bankshares initiated with an Outperform at Keefe Bruyette
10/15/20 Janney Montgomery Scott
Eastern Bankshares initiated with a Buy at Janney Montgomery Scott
10/08/20 Compass Point
Eastern Bankshares initiated with a Buy at Compass Point
EBC Eastern Bankshares
$16.11 /

+0.13 (+0.81%)

EBC Eastern Bankshares
$16.11 /

+0.13 (+0.81%)

EBC Eastern Bankshares
$16.11 /

+0.13 (+0.81%)

EBC Eastern Bankshares
$16.11 /

+0.13 (+0.81%)

Earnings
Eastern Bankshares reports Q4 operating EPS 18c, consensus 16c » 05:35
01/29/21
01/29
05:35
01/29/21
05:35
EBC

Eastern Bankshares

$16.11 /

+0.13 (+0.81%)

Reports Q4 tangible book…

Reports Q4 tangible book value per share $16.34. Reports Q4 net charge-offs .13%. "We are very pleased with our operating results for the fourth quarter as well as our dividend initiation, and thank our colleagues for their outstanding efforts," said Bob Rivers, CEO and chair of the board of Eastern Bankshares and Eastern Bank. "We are thrilled to have completed our stock offering and to be trading publicly, which are major steps forward in building upon our more than 202-year history of providing competitive financial products and services and an outstanding customer experience. As I reflect on the year, I'm especially proud of the 8,800 Paycheck Protection Program ("PPP") loans totaling $1.1 billion that we delivered to businesses in need, the third most among lenders in Massachusetts. This is all being accomplished during the COVID-19 pandemic which has had, and continues to have, an adverse effect on our customers, colleagues and the markets in which we operate. We continue to carefully monitor and adapt to it, while keeping the safety and well-being of our colleagues and customers a priority."

ShowHide Related Items >><<
EBC Eastern Bankshares
$16.11 /

+0.13 (+0.81%)

EBC Eastern Bankshares
$16.11 /

+0.13 (+0.81%)

11/10/20 JPMorgan
Eastern Bankshares initiated with a Neutral at JPMorgan
11/09/20 Keefe Bruyette
Eastern Bankshares initiated with an Outperform at Keefe Bruyette
10/15/20 Janney Montgomery Scott
Eastern Bankshares initiated with a Buy at Janney Montgomery Scott
10/08/20 Compass Point
Eastern Bankshares initiated with a Buy at Compass Point
EBC Eastern Bankshares
$16.11 /

+0.13 (+0.81%)

EBC Eastern Bankshares
$16.11 /

+0.13 (+0.81%)

EBC Eastern Bankshares
$16.11 /

+0.13 (+0.81%)

Periodicals
Eastern Bankshares makes sustained efforts to target racial inequity, WSJ says » 06:23
12/30/20
12/30
06:23
12/30/20
06:23
EBC

Eastern Bankshares

$16.65 /

+0.05 (+0.30%)

Boston-based Eastern…

Boston-based Eastern Bankshares has made sustained efforts to promote racial diversity, but CEO Bob Rivers said the bank still has "a long way to go", the Wall Street Journal's Ruth Simon reports, citing the CEO. The bank's lead director and president are both Black and people of color accounted for one-third of the bank's board, 17% of the management committee and 40% of new hires. Eastern's efforts suggest success requires sustained effort at the top levels of management and the company says its work is unfinished. Reference Link

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EBC Eastern Bankshares
$16.65 /

+0.05 (+0.30%)

EBC Eastern Bankshares
$16.65 /

+0.05 (+0.30%)

11/10/20 JPMorgan
Eastern Bankshares initiated with a Neutral at JPMorgan
11/09/20 Keefe Bruyette
Eastern Bankshares initiated with an Outperform at Keefe Bruyette
10/15/20 Janney Montgomery Scott
Eastern Bankshares initiated with a Buy at Janney Montgomery Scott
10/08/20 Compass Point
Eastern Bankshares initiated with a Buy at Compass Point
EBC Eastern Bankshares
$16.65 /

+0.05 (+0.30%)

EBC Eastern Bankshares
$16.65 /

+0.05 (+0.30%)

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