Rafferty Asset Management Increases Stake in Eastern Bankshares

Asset management firm boosts ownership in Massachusetts-based bank by 30.3%

Published on Mar. 4, 2026

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Rafferty Asset Management LLC, an investment management firm, has increased its holdings in Eastern Bankshares, Inc. (NASDAQ:EBC) by 30.3% in the third quarter, according to a recent SEC filing. Rafferty now owns 271,494 shares of the company's stock, valued at $4.9 million, representing 0.13% ownership of the bank.

Why it matters

This move by Rafferty Asset Management signals increased investor confidence in Eastern Bankshares, a regional bank based in Massachusetts. As a publicly traded company, Eastern Bankshares' stock performance and ownership structure are closely watched by the financial community.

The details

According to the SEC filing, Rafferty Asset Management purchased an additional 63,172 shares of Eastern Bankshares during the third quarter, bringing its total stake in the company to 271,494 shares. This represents a 30.3% increase in Rafferty's holdings compared to the prior quarter.

  • Rafferty Asset Management increased its stake in Eastern Bankshares during the third quarter of 2026.

The players

Rafferty Asset Management LLC

An investment management firm that has increased its ownership in Eastern Bankshares, Inc.

Eastern Bankshares, Inc.

A regional bank based in Massachusetts that is publicly traded on the Nasdaq exchange under the ticker symbol EBC.

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The takeaway

The increased stake by Rafferty Asset Management in Eastern Bankshares suggests growing investor confidence in the regional bank's performance and future prospects. As a publicly traded company, Eastern Bankshares' ownership structure and stock movements are closely watched by the financial community.