Eastern Bankshares (NASDAQ:EBC – Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03, Yahoo Finance reports. Eastern Bankshares had a return on equity of 5.75% and a net margin of 49.59%. The business had revenue of $230.30 million during the quarter, compared to the consensus estimate of $157.52 million. During the same period in the prior year, the company earned $0.38 EPS.
Eastern Bankshares Trading Down 1.7 %
Shares of EBC stock traded down $0.22 on Monday, hitting $12.82. The company had a trading volume of 815,323 shares, compared to its average volume of 949,559. The firm has a market cap of $2.26 billion, a P/E ratio of 4.58 and a beta of 0.85. The stock’s 50-day moving average is $13.11 and its two-hundred day moving average is $13.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.82 and a current ratio of 0.82. Eastern Bankshares has a twelve month low of $9.93 and a twelve month high of $15.07.
Eastern Bankshares Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.43%. The ex-dividend date is Monday, June 3rd. Eastern Bankshares’s payout ratio is presently 15.44%.
Insider Buying and Selling at Eastern Bankshares
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Eastern Bankshares in a research report on Friday, January 26th.
Read Our Latest Report on Eastern Bankshares
About Eastern Bankshares
Eastern Bankshares, Inc operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. The company provides deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts.
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