Eastern Bankshares CFO Buys 5,000 Shares

R. David Rosato increases stake in the bank holding company.

Published on Mar. 10, 2026

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Eastern Bankshares, Inc. (NASDAQ:EBC) Chief Financial Officer R. David Rosato acquired 5,000 shares of the company's stock on March 5th. The shares were purchased at an average price of $19.17 per share, for a total value of $95,850. Following the transaction, Rosato now owns 45,000 shares of the company, valued at approximately $862,650.

Why it matters

The insider purchase by the CFO signals confidence in the company's future prospects and could be seen as a positive sign for investors. Insider transactions are closely watched by the market as they can provide insights into management's views on the company's valuation and growth potential.

The details

Rosato's purchase represents a 12.5% increase in his ownership stake in Eastern Bankshares. The company, which is one of the oldest and largest mutual banks in the U.S., went public in March 2020 and trades on the Nasdaq under the ticker symbol EBC. Eastern Bankshares operates through its primary subsidiary, Eastern Bank, and offers a range of commercial and consumer banking products.

  • The transaction took place on Thursday, March 5th, 2026.

The players

R. David Rosato

The Chief Financial Officer of Eastern Bankshares, Inc.

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.

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The takeaway

The CFO's purchase of additional shares in Eastern Bankshares suggests he believes the company is undervalued and has strong growth potential. Insider transactions can provide valuable insights for investors, and this purchase may signal positive sentiment about the bank's future performance.