Here is Why Eastern Bankshares (EBC) is Favored by Hedge Funds

Group 1 - Eastern Bankshares (NASDAQ:EBC) has returned almost 8% so far in 2025, with a consensus 1-year median price target of $21.33, implying more than 15% upside as of December 30 close [1] - The stock has received three analyst ratings: two Buy calls and one Hold call [1] - Jared Shaw from Barclays initiated coverage on Eastern Bankshares on December 19, issuing a Hold rating with a $22 price target, estimating an almost 19% upside for the stock [3] Group 2 - Shaw highlighted several fundamental factors providing "optionality" for Eastern Bankshares, including elevated capital levels, a strong deposit base, and a robust commercial platform [4] - The analyst noted headwinds such as meager market growth and challenges related to the integration of two merger deals finalized in the last two years: HarborOne Bancorp in 2024 and Cambridge Bancorp in 2025 [4] - Eastern Bankshares is the holding company for Eastern Bank in Boston, specializing in retail and commercial banking, wealth management, investment, and insurance services [5]