KBW on Eastern Bankshares Inc. (EBC): 'Valuation Remains Attractive'

Keefe, Bruyette & Woods analyst Damone DelMonte reiterated an Outperform rating and $22.00 price target on Eastern Bankshares Inc. (NASDAQ: EBC).

The analyst commented: "We recently spent time on the road with senior management from EBC where much of the discussion was centered on the bank’s strategy of driving organic growth, capital management, and integration efforts around the recently completed HONE deal. We come away from our meetings remaining supportive of the EBC story and reinforced conviction around management’s strategy to drive longer term value for its shareholders. While shares have trended positively over the last month (+11%), valuation remains attractive at ~9.5x our 2026E and ~1.4x forward TBV, leading us to reiterate our Outperform rating."

For an analyst ratings summary and ratings history on Eastern Bankshares Inc. click here. For more ratings news on Eastern Bankshares Inc. click here.

Shares of Eastern Bankshares Inc. closed at $18.91 yesterday.

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