Eastern Bankshares Receives 'Moderate Buy' Rating from Analysts

The bank holding company has been assigned a consensus recommendation of 'Moderate Buy' from six research firms covering the stock.

Published on Mar. 2, 2026

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Eastern Bankshares, Inc. (NASDAQ:EBC), the bank holding company for Eastern Bank, has been assigned an average recommendation of 'Moderate Buy' from six research firms covering the firm. Three analysts have rated the stock with a hold rating, while three have issued a buy rating. The average 12-month price target among the analysts is $22.13.

Why it matters

The 'Moderate Buy' rating and positive analyst sentiment suggest that Eastern Bankshares is seen as a solid investment opportunity, despite the bank's relatively modest size compared to larger national players. As one of the oldest and largest mutual banks in the U.S., Eastern Bank's community-focused approach appears to be resonating with analysts.

The details

The analysts' ratings and price targets for Eastern Bankshares are based on the bank's financial performance, growth prospects, and competitive positioning. The company has seen its stock price fluctuate over the past year, trading between a 52-week low of $13.51 and a high of $22.58. Eastern Bankshares has a market capitalization of $4.14 billion and a price-to-earnings ratio of 47.86.

  • Eastern Bankshares completed an initial public offering in March 2020, transitioning from a mutual bank structure to a publicly traded company.
  • The bank's latest quarterly earnings report was released on January 22, 2026, with the company reporting earnings per share of $0.44, exceeding the consensus estimate of $0.41.

The players

Eastern Bankshares, Inc.

A bank holding company and the parent of Eastern Bank, one of the oldest and largest mutual banks in the United States. The company went public in 2020 after operating as a mutual bank for over two centuries.

Keefe, Bruyette & Woods

A financial services firm that provides investment banking, asset management, and other advisory services. Keefe, Bruyette & Woods has issued an 'outperform' rating on Eastern Bankshares' stock.

Barclays

A multinational investment bank and financial services company that has initiated coverage on Eastern Bankshares with an 'equal weight' rating and a $22.00 price target.

Hovde Group

An investment banking and advisory firm that has begun coverage of Eastern Bankshares with an 'outperform' rating and a $22.50 price target.

TD Cowen

An investment bank that has raised its price target on Eastern Bankshares from $23.00 to $24.00, maintaining a 'buy' rating on the stock.

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