Eastern Bankshares

Company Description

Eastern Bankshares, Inc. is the bank holding company for Eastern Bank (The Bank). The Bank is a Massachusetts-chartered bank through which it provides a variety of banking and trust and investment services. Its diversified products and services include lending, deposit, and wealth management. It offers a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. Its lending focuses on various loan categories: commercial and industrial, including its asset-based lending portfolio, commercial real estate, commercial construction, small business banking, residential real estate, and home equity loans. Through Cambridge Trust Wealth Management, a division of Eastern Bank, it provides a range of wealth management and trust services. In addition, it offers automated lock box collection services, cash management services and account reconciliation services to its corporate and institutional customers.

Analysis

ANALYSIS: With an Obermatt 360° View of 69 (better than 69% compared with alternatives), overall professional sentiment and financial characteristics for the stock Eastern Bankshares are above average. The 360° View is based on consolidating four consolidated indicators, with all but one indicator above average for Eastern Bankshares. The consolidated Value Rank has an attractive rank of 57, which means that the share price of Eastern Bankshares is on the lower side compared with the typical size in indicators such as revenues, profits, and invested capital. This means the stock price is lower than for 57% of alternative stocks in the same industry. The consolidated Growth Rank has a good rank of 89, which means that the company experiences above-average growth momentum when looking at financial metrics such as revenue, profit, and invested capital growth, as well as stock returns. In addition, professional market sentiment is above average compared with other stock investment alternatives with a Sentiment Rank of 55. But the company’s financing is risky with a Safety rank of 39. This means 61% of comparable companies have a safer financing structure than Eastern Bankshares. ...read more

Country

USA

Industry Regional Banks

Size Small

Website investor.easternbank.comhomedefault.aspx

Index

NASDAQ

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