eastern bank ipo analysis
Countries largest mutual savings bank and one of the biggest in MA. Shares will be launched to the market at an initial price of $10 each, valuing the company at just under $1.8 billion. Earnings for Eastern Bankshares are expected to grow by 14.89% in the coming year, from $0.47 to $0.54 per share. The $12.3 billion-asset Eastern disclosed in a regulatory filing Thursday that it expects to raise $1.3 billion to $1.7 billion through an initial public offering that should take place later this year. According to analysts' consensus price target of $15.75, Eastern Bankshares has a forecasted downside of 17.6% from its current price of $19.11. Eastern Bankshares' management team includes the following people: With strong cash generation, an annual average production of 135,000 oz Au/yr, strong analyst price targets and a high-grade gold project, this emerging explorer may be about to hit the spotlight! The SEC filing details Eastern Insurance’s $124 million acquisition strategy to reach over $90 million in commissions. Investor contact: Jill Belliveau Eastern Bank [email protected] / … Wall Street analysts have given Eastern Bankshares a "Buy" rating, but there may be better short-term opportunities in the market. Shares of Eastern Bank will trade on the Nasdaq Global Select Market under the symbol EBC, the bank said. Eastern Bankshares' stock is owned by a number of retail and institutional investors. Eastern Bank was one of the first community banks to build its own innovation lab, and its status as a depositor-owned financial institution has enabled it to make significant tech investments in the past, according to American Banker. 5 brokers have issued 1-year price targets for Eastern Bankshares' stock. Learn about financial terms, types of investments, trading strategies and more. "The capital raised in the offering will allow us to increase our investments in new technologies to develop and implement an increasingly sophisticated array of banking and other financial services.". The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings. Eastern Bank, Which Will Soon IPO, Shows Promise With Q2 Earnings The bank got earnings back up to a better level, and had less deferrals and … Deposit costs (as of 3/31) were 0.23% vs. 0.84% for peers (peer group chosen by management). Investors of record on Wednesday, March 3rd will be given a dividend of $0.06 per share on Monday, March 15th. Easy Trip IPO subscribed 2.3 times on Day-1, issue closes Wednesday On Friday, the company allotted shares worth Rs 229 cr, or 45% of the total issue size to anchor investors Utkarsh Small Finance Bank … Learn more. World powers are fighting over valuable lithium resources. Eastern is a $12B (will be close to $14B after the IPO) community bank. Start Your Risk-Free Trial Subscription Here, Ferroglobe Will Get a Big Lift From Demand For Silcon Wafers, Blue Bird Stock is a Dual Tailwinds EV and Re-Opening Play, Nautilus Stock is a Pullback Buying Opportunity Here, The Launch of Truforma Should Send Zomedica to An All-Time High, Defi Markets Pause But New Highs Are In Sight. Identify stocks that meet your criteria using seven unique stock screeners. It operates through 89 banking offices located in eastern Massachusetts and southern and coastal New Hampshire. Anna Hrushka Eastern Bank announced today that Eastern Bankshares, Inc. (the "Company"), the proposed stock holding company of Eastern Bank, is commencing its stock offering in connection with Eastern… Find the latest Eastern Bankshares, Inc. (EBC) stock discussion in Yahoo Finance's forum. Eastern Bankshares has filed to raise $1.8 billion in an IPO of its common stock, according to an S-1 registration statement. The company earned $153.25 million during the quarter, compared to analyst estimates of $145.17 million. Eastern Bank [email protected] / 781-598-7847. It also offers commercial and industrial loans, commercial real estate and construction loans, business banking loans, residential real estate loans, and home equity and other consumer loans. Loans/Deposits are 87%. ... PLTR - Data Analysis, AI, Machine Learning for Terrorism/Government Use.