Eastern Bankshares Inc (EBC)

[LordDarley]

Hello, self. It'$ me.

Another analyst, Seaport Global, now piling on board with JPM and the like with a $19 projection.

What's happened since the $10 subscription price in October? This BORING bank, the biggest in Massachusetts among demutualized peers, is now trading at $17.71/share, not a bad move for those who subscribed at $10, or who bought at $12 when I started this board.

Ho hum. Widows and orphans only. Hot money types need not apply.

FYI/ March 2 is the Ex-date for the inital quarterly dividend. Six cents not a big deal, but you know that will grow as they pare down the efficiency ratio of over 50%, a relic from mutual bank culture.

The insurance / benefit subsidiary is a nice compliment to a conservative banking operation, which hardly burped during COVID days.

Good luck to all. I'm not going to pursue this further on iHub unless there is interest and intelligent contribution from others.