Eastern Bankshares, Inc. (EBC) To Go Ex-Dividend on September 8th

Eastern Bankshares, Inc. (NASDAQ:EBC) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Tuesday, September 8th will be paid a dividend of 0.15 per share on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 8th.

Eastern Bankshares has a payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Eastern Bankshares to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 27.6%.

Eastern Bankshares Stock Performance

NASDAQ:EBC opened at $22.92 on Friday. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 13.02 and a beta of 0.67. The business has a 50 day moving average of $21.18 and a 200 day moving average of $20.45. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.91 and a quick ratio of 0.91. Eastern Bankshares has a 1-year low of $14.88 and a 1-year high of $23.53.

Eastern Bankshares (NASDAQ:EBC) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $316.00 million for the quarter, compared to analysts’ expectations of $308.20 million. Eastern Bankshares had a net margin of 25.12% and a return on equity of 8.78%. On average, sell-side analysts predict that Eastern Bankshares will post 1.87 earnings per share for the current fiscal year.

Eastern Bankshares News Roundup

Here are the key news stories impacting Eastern Bankshares this week:

• Positive Sentiment: Eastern Bankshares delivered a Q2 earnings beat, with EPS of $0.49 versus $0.46 expected and revenue of $316.0 million versus $308.2 million estimated. Article Title
• Positive Sentiment: The company declared a quarterly dividend of $0.15 per share, reinforcing its shareholder-return profile and yield appeal. Article Title
• Neutral Sentiment: Management’s Q2 earnings call transcript may provide additional color on loan growth, margins, and credit trends, but no major new catalyst was highlighted in the provided summary. Article Title
• Neutral Sentiment: Short-interest data showed no meaningful change in positioning, with reported short interest at 0 shares, offering little signal for near-term trading pressure.

Eastern Bankshares Company Profile

Eastern Bankshares, Inc is the bank holding company for Eastern Bank, one of the oldest and largest mutual banks in the United States. Founded in 1818 as Salem Savings Bank and later rebranded as Eastern Bank in 1989, the company preserved its mutual ownership structure for more than two centuries. In March 2020, it completed an initial public offering and began trading on the Nasdaq under the ticker EBC, while continuing to emphasize its community-focused heritage.

Through its primary subsidiary, Eastern Bank, the company delivers a broad range of commercial and consumer banking products.