Eastern Bankshares Inc (EBC)

[LordDarley]

Happy to see that the stock price goes up a bit every day. The stock is now followed by JP Morgan and Keefe Bruyette and Woods, the underwriters.

JPM has a neutral rating and 14 target. KBW targets 15.

This is simply math. This is the leading Massachusetts-based bank, and it's still at a significant discount to the price at which the smaller demutualized banks trade in Massachusetts.

Probably too boring for those who want an instant double, but with the nearly $2B raised (all from depositors with no need for outside purchase) EBC has a war chest for acquisitions and organic expansion.