eastern bank ipo analysis
Some companies that are related to Eastern Bankshares include People's United Financial (PBCT), TFS Financial (TFSL), BankUnited (BKU), Umpqua (UMPQ), Axos Financial (AX), Flagstar Bancorp (FBC), Capitol Federal Financial (CFFN), Columbia Financial (CLBK), Provident Financial Services (PFS), OceanFirst Financial (OCFC), Brookline Bancorp (BRKL), Kearny Financial (KRNY), Northfield Bancorp, Inc. (Staten Island, NY) (NFBK), Dime Community Bancshares (DCOM) and Waterstone Financial (WSBF). Find the latest dividend history for Eastern Bankshares, Inc. Common Stock (EBC) at Nasdaq.com. View Eastern Bankshares' earnings history. Its personal banking products and services also include debit and credit cards; mortgage and personal loans; personal and cash reserve lines of credit; auto and student loans; retirement planning products and services; and online learning services in the areas of finance. The more than 200-year-old bank, originally founded 1818, has filed plans notifying the U.S. Securities and Exchange Commission (SEC) of its plans for an initial public offering (IPO). Eastern Bankshares' lock-up period expires on Tuesday, April 13th. Suryoday Bank IPO analysis @ Chanakyanipothi.com, India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 21 Years Eastern Bank Earns 100 For 8th Consecutive Year in Human Rights Campaign Foundation’s 2021 Corporate Equality Index February 4, 2021 | finance.yahoo.com Eastern Bankshares' (EBC) CEO Bob Rivers on Q4 2020 Results - Earnings Call Transcript Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. MarketBeat's community ratings are surveys of what our community members think about Eastern Bankshares and other stocks. The company's business banking products and services also include preferred term loans, small business administration loans, lines of credit, cash reserves, cash management, merchant services, escrow express service, correspondent and government banking, international banking, interest on lawyers trust accounts services, products and services for not-for-profit and healthcare, and business telephone banking. There are currently 1 hold rating and 4 buy ratings for the stock. Close. IPO data analysis of historic IPO data in India. Here's how one European company may win. ... PLTR - Data Analysis, AI, Machine Learning for Terrorism/Government Use. Eastern Bankshares's "short interest ratio" (SIR) is the quantity of Eastern Bankshares shares currently shorted divided by the average quantity of Eastern Bankshares shares traded daily (recently around 846592.78557114). 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 … The total size of the offering was $1,793,000,000 based on an initial share price of $10.00. MarketBeat just released five new trading ideas, but Eastern Bankshares wasn't one of them. "It was clear to us that the ubiquitous nature of the cellphone, and its expanded capabilities, were ones that were going to take much more investment for us to continue to keep pace. One share of EBC stock can currently be purchased for approximately $19.12. View our full suite of financial calendars and market data tables, all for free. Trending Articles Coinbase IPO: Here’s What Investors Need To Know Mar 2, 2021 Trends in IPO Pops 6 days ago The Top 25 Cryptocurrencies to Know in … Eastern Bankshares' lock-up period expires on Tuesday, April 13th. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. The initial public offering was priced at $10 per share, and the stock (ticker: EBC) closed at $12.15. The Lease Analysis Calculator helps you determine the best type of lease for your needs: a True Lease, a $1 Buyout, or a 10% Purchase. Eastern Bank Announces Plan For Conversion Into Public Company Conversion to Provide Additional Resources to Grow Customer Offerings, Accelerate New Business Opportunities & … Eastern Bank in Boston, the nation's oldest and second-largest mutual bank, is going public to prepare for a post-pandemic world. Identify stocks that meet your criteria using seven unique stock screeners. Eastern Bank, the U.S.'s largest mutual savings bank, plans to go public, the Boston-based firm announced Thursday. 5 brokers have issued 1-year price targets for Eastern Bankshares' stock. Looking for new stock ideas? © American Consumer News, LLC dba MarketBeat® 2010-2021. Banking Dive's Daily Dive newsletter delivers must-read insight and analysis for banking leaders. Banking Dive expects M&A to pivot toward niches, race to be a continuing focus of ESG, and crypto to have a make-or-break year in 2021. Investor contact: Jill Belliveau Eastern Bank [email protected] / … Receive a free world-class investing education from MarketBeat. Countries largest mutual savings bank and one of the biggest in MA. Eastern Bankshares has filed to raise $1.8 billion in an IPO of its common stock, according to an S-1 registration statement. Eastern Bankshares, Inc. provides commercial banking products and services primarily to retail, commercial, and small business customers. Eastern is a $12B (will be close to $14B after the IPO) community bank. Shares will be launched to the market at an initial price of $10 each, valuing the company at just under $1.8 billion. Research; IPO Analysis Report; Searcy By Subject. Investors of record on Wednesday, March 3rd will be given a dividend of $0.06 per share on Monday, March 15th. The bank, established in 1818, plans to raise $1.3 billion to $1.7 billion through an initial public offering (IPO) this year, according to a regulatory filing . According to these financial ratios Eastern Bank Limited's valuation is way below the market valuation of its peer group. Discussion. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Loans/Deposits are 87%. View Eastern Bankshares' dividend history. The bank, established in 1818, plans to raise $1.3 billion to $1.7 billion through an initial public offering (IPO) this year, according to a regulatory filing. The number of banks is down 7% from the end of 2015, providing fewer candidates for public offerings. Eastern Bankshares in Boston has its work cut out for it as it enters the new year. Eastern Bankshares had issued 179,300,000 shares in its public offering on October 15th. All rights reserved. This suggests that the stock has a possible downside of 17.6%. 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. Eastern Bankshares is a Massachusetts corporation formed in 2020 to conduct the offering and on completion of the IPO will own all of the capital of Eastern Bank capital stock. Deposit costs (as of 3/31) were 0.23% vs. 0.84% for peers (peer group chosen by management). They run a fairly traditional balance sheet with a diversified loan portfolio (see below) funded by core deposits. Deposit costs (as Eastern Bankshares declared a -- dividend on Monday, February 1st. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Find the latest Eastern Bankshares, Inc. (EBC) stock discussion in Yahoo Finance's forum. Do Not Sell My Information. We realized to have more resources, we need to be bigger," he said. Founded in 1818, Boston-based Eastern Bank has over $11 billion in assets and more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. The total size of the offering was $1,793,000,000 based on an initial share price of $10.00. Compare Top Brokerages Here. Earnings for Eastern Bankshares are expected to grow by 14.89% in the coming year, from $0.47 to $0.54 per share. Is it Too Late to Buy Burlington Stores Stock? Joe Biden's War On Oil Fuels Lithium Explosion. (Add your “underperform” vote.). “Cash can’t compete with a bank that can offer stock trading at 2.5x tangible book.” While there is an expectation that IPO activity can remain steady next year, some constraints exist. Posted by 2 months ago. 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 … Eastern Bank, the U.S.'s largest mutual savings bank, plans to go public, the Boston-based firm announced Thursday. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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… View all of EBC's competitors. Wall Street analysts have given Eastern Bankshares a "Buy" rating, but there may be better short-term opportunities in the market. Eastern Bankshares Inc, the proposed holding company for Massachusetts-based Eastern Bank, announced on October 9 that it had received regulatory approvals for the IPO. Rivers maintains the IPO will allow the bank to continue to serve its communities at the same level, or make even bigger investments. Eastern Bankshares has only been the subject of 1 research reports in the past 90 days. IPO Watch for upcoming IPO detail, Grey Market Premium, GMP, review, performance and live subscription. Eastern Bankshares pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.30%. The official website for Eastern Bankshares is www.easternbank.com. The company was founded in 1818 and is headquartered in Boston, Massachusetts. In the past three months, Eastern Bankshares insiders have not sold or bought any company stock. Eastern Bank's Recent Earnings Are Another Reason I'm Bullish on This Stock The bank is returning to its more normal level of earnings, and it has a low-cost deposit base and practically no … It operates through 89 banking offices located in eastern Massachusetts and southern and coastal New Hampshire. Latest News: Get all the latest India news, ipo, bse, business news, commodity, sensex nifty, politics news with ease and comfort any time anywhere only on Moneycontrol. What To Make Of Poshmark’s First Earnings Report. "As we anticipate the competitive landscape that will emerge after our economy recovers from the negative impacts of the Covid-19 pandemic, we believe the most significant systemic challenge we will face is the accelerating pace of technological change driven by ubiquitous digital adoption by both consumer and commercial banking customers," the bank said in filing. Eastern Bank nearly doubles the size of its charitable foundation after IPO Company has donated 4 percent of its newly issued shares, worth about … Please log in to your account or sign up in order to add this asset to your watchlist. Sign-up to receive the latest news and ratings for EBC and its competitors with MarketBeat's FREE daily newsletter. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. Follow The EV/EBITDA NTM ratio of Eastern Bank Limited is significantly lower than the average of its sector (Banks): 12.97. View Eastern Bankshares' dividend history. The latest information on initial public offerings (IPOs), including latest IPOs, expected IPOs, recent filings, and IPO performance from Nasdaq. Eastern Bank is shifting strategies at its charitable foundation following its IPO. Eastern Bank said the IPO will also allow the institution to pursue mergers and acquisitions as it expects to see more industry consolidation amid the current recession. View our earnings forecast for Eastern Bankshares. After the expiration of Eastern Bankshares' lock-up period, company insiders and major shareholders will be able to sell their shares of the company. The IPO page of Suryoday Small Finance Bank Ltd. captures the details on its Issue Open Date, Issue Close Date, Listing Date, Face Value, Price band, Issue Size, Issue Type, and Listing Date's Open Price, High Price, Low Price, Close price and Volume. The consensus among Wall Street research analysts is that investors should "buy" Eastern Bankshares stock. Shares of Eastern Bank will trade on the Nasdaq Global Select Market under the symbol EBC, the bank said. IPO database for IPOs in the last 5 years, upcoming IPO, live IPO subscription data and reports on SME IPO. The company reported $0.18 EPS for the quarter, beating the Zacks' consensus estimate of $0.14 by $0.04. 7 Stocks That Cathie Wood is Buying And You Should Too, 7 Internet of Things Stocks That Are a Perfect Fit to Our Connected Future, 7 Undervalued Stocks That Deserve More Attention, 7 Semiconductor Stocks Set to Gain From the Chip Shortage, 7 Great Dividend Stocks to Buy For a Comfortable Retirement, 7 Penny Stocks That Don’t Care About Robinhood, 7 Hotel Stocks Just Waiting For the Vaccine, 7 Stocks to Watch When Student Debt Forgiveness Gets Passed, 7 Healthcare Stocks Delivering Innovation in 2021, 7 Lithium Stocks That Will Power the Electric Vehicle Boom, Why Eastern Bankshares (EBC) Stock Might be a Great Pick. In addition, it offers trust and investment products and services; community development and asset-based lending services; financial planning, portfolio management, wealth management, private banking, and fiduciary and retirement products and services; and treasury management, electronic banking, interest rate protection, and foreign exchange products and services. As part of the assistance available to existing Eastern Bank … MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. Eastern Bank operates as a bank. Learn about financial terms, types of investments, trading strategies and more. You may vote once every thirty days. Eastern Bankshares, Inc. was formerly known as Eastern Bank Corporation. Learn everything you need to know about successful options trading with this three-part video course. Fundamental company data provided by Zacks Investment Research. As part of the conversion, Eastern intends to give the Eastern Bank Charitable Foundation a 4% equity interest in Eastern Bankshares. View analyst ratings for Eastern Bankshares or view top-rated stocks. Eastern Bankshares had issued 179,300,000 shares in its public offering on October 15th. ), Eastern Bankshares has received 6 “underperform” votes. Get today's Eastern Bank Ltd stock price and latest ENBK news as well as Eastern Bank real-time stock quotes, technical analysis, full financials and more. Ujjivan Small Finance Bank Ltd 10 1.20 30.83 9.49% 12.64 AU Small Finance Bank Ltd 10 13.16 53.04 12.07% 108.19 Equitas Holdings Limited 10 5.18 21.19 7.24% 71.57 Bandhan Bank Limited 10 16.36 30.42 17.42% 93.89 10 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 The company can be reached via phone at 800-327-8376 or via email at [email protected]. The company offers interest-bearing and non interest-bearing checking deposits, money market … As part of the assistance available to existing Eastern Bank customers, we are offering additional support, reviewed upon request, on loans like mortgages, home equity or small business loans, as well as fee waivers for both Eastern Bank personal and small business deposit accounts. Anyone have any thoughts on this or comments on the prospectus? Announces Fourth Quarter and Fiscal Year 2020 Earnings Release Date, Conference Call and Webcast, Annual Community Support From The Eastern Bank Charitable Foundation Exceeds $22 Million, An All-Time High, Eastern Bank Welcomes Alarm Detection Systems, Inc. As A Commercial Customer, Eastern Bank Welcomes Curate Partners As An Asset Based Lending Customer. Share your opinion and gain insight from other stock traders and investors. 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eastern Bankshares in the last twelve months. View analysts' price targets for Eastern Bankshares or view top-rated stocks among Wall Street analysts. Loans/Deposits are 87%. Learn more. So, the bank planned IPO now for complying RBI’s licensing conditions. List of Current IPO at BSE and NSE. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. View which stocks are hot on social media with MarketBeat's trending stocks report. About Eastern Bank. Eastern Bank IPO. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. See what's happening in the market right now with MarketBeat's real-time news feed. Rivers cited the reliance on technology, which has accelerated amid the pandemic, as a primary reason for the IPO. Their forecasts range from $14.00 to $19.00. About Eastern BankFounded in 1818, Boston-based Eastern Bank has over $11 billion in assets and more than 110 locations serving communities in eastern … The bank, established in 1818, plans to raise $1.3 billion to $1.7 billion through an initial public offering (IPO) this year, according to a regulatory filing.The $12.3 billion-asset bank said it aims to sell more than 201 million shares at $10 apiece. Videos Index Agro Industries Limited IPO Analytics Report Bangla Eastern Bankshares, a Massachusetts-based bank with more than 100 offices, filed to list on the Nasdaq in a subscription offering on Thursday. Dow Jones Loses Gains, Nasdaq Falls 2% After Surprise Jump in U.S. Jobs, Oracle Clears New Buy Point; Will These Stocks Break Out? The company earned $153.25 million during the quarter, compared to analyst estimates of $145.17 million. Eastern Bankshares provides commercial banking products and services primarily to retail, commercial, and small business customers. Discussion. World powers are fighting over valuable lithium resources. 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. Since its founding in 1818, Eastern has been committed to providing competitive financial products and services and an outstanding customer experience, while making meaningful contributions to the communities it serves. Eastern Bank announced today that Eastern Bankshares, Inc. (the “Company”), the proposed stock holding company of Eastern Bank, is commencing its stoc Bangladesh Bank Circulars FAQs ARCHIVE CONTACT IPO Analysis Report Research IPO Analysis Report Searcy By Subject Date Subject Download 22-02-2021 IPO note on EGEN 09-02-2021 01-02 20-12-2020 IPO … Eastern Bankshares trades on the NASDAQ under the ticker symbol "EBC.". The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings. The SEC filing details Eastern Insurance’s $124 million acquisition strategy to reach over $90 million in commissions. Paul Alexander Eastern Bank [email protected] / 781-596-4490. Commercial Bank Pages Businesses Finance Investing Service Brokerage Firm Royal Capital Ltd. Eastern Bankshares has received 6 “outperform” votes. Twitter. Find the latest Eastern Bankshares, Inc. (EBC) stock quote, history, news and other vital information to help you with your stock trading and investing. Eastern Bankshares' stock is owned by a number of retail and institutional investors. Subscribe to Banking Dive to get the must-read news & insights in your inbox. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. ... IPO Analysis Report. Eastern Bank has been planning its IPO for the past 11 months, the bank's chairman and CEO, Bob Rivers, told the Boston Business Journal. Further, the company acts as an independent insurance agent and offers commercial, personal, and employee benefits insurance products to individual and commercial clients. Is It Time To Get Crazy With El Pollo Loco Stock? Based on earnings estimates, Eastern Bankshares will have a dividend payout ratio of 44.44% next year. 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. 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 … The company offers interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and certificates of deposits. Get daily stock ideas top-performing Wall Street analysts. The $12.3 billion-asset bank said it aims to sell more than 201 million shares at $10 apiece. "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 $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.. Eastern Bankshares will be the holding company. Eastern Bank Limited; Board of Directors; Senior Management; Membership & Registration; SERVICE . The stock of Eastern BankShares, the holding company which owns Eastern Bank, jumped more than 20 percent in its first day of trading Thursday … Vote “Outperform” if you believe EBC will outperform the S&P 500 over the long term. Eastern Bank is planning a special meeting of Eastern’s corporators for later this summer with the expectation that the conversion will be completed by the end of 2020. Discover announcements from companies in your industry. Get short term trading ideas from the MarketBeat Idea Engine. The bank pursued the IPO to put it in a better position to buy competitors. Eastern Bankshares is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021. On average, they anticipate Eastern Bankshares' stock price to reach $15.75 in the next twelve months. Export data to Excel for your own analysis. Here's What Eastern Bankshares, Inc.'s (NASDAQ:EBC) Shareholder Ownership Structure Looks Like, Eastern Bank Earns 100 For 8th Consecutive Year in Human Rights Campaign Foundation’s 2021 Corporate Equality Index, Eastern Bankshares' (EBC) CEO Bob Rivers on Q4 2020 Results - Earnings Call Transcript, Eastern Bankshares, Inc. (EBC) Q4 2020 Earnings Call Transcript, Eastern Bankshares, Inc. Reports Fourth Quarter 2020 Financial Results, Eastern Bankshares, Inc.