TD Cowen cuts target for Eastern Bankshares stock to USD 25.00

Published on 10/17/2026 at 18:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 net income was USD 105.20 million. Eastern Bankshares stock stood at USD 21.31 on October 16, 2026, up 0.80 percent on Nasdaq.

Target and earnings timetable

TD Cowen lowered its Eastern Bankshares target from USD 26.00 to USD 25.00 on October 5, 2026.
Eastern Bankshares recorded USD 105.20 million in net income in the second quarter of 2026.
Eastern Bankshares stock stood at USD 21.31 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, up 0.80 percent against its previous close.
Eastern Bankshares plans to release third-quarter 2026 results after the market close on October 22, 2026.

EBC, US27627N1054, Illustration mit AI erstellt.

TD Cowen lowered its price target for Eastern Bankshares from USD 26.00 to USD 25.00 on October 5, 2026, while keeping a Buy rating, according to MarketBeat. The revised target stood 17.32 percent above the USD 21.31 Nasdaq price. Eastern Bankshares stock was last at USD 21.31 on October 16, 2026 at 4:00 p.m. ET, up 0.80 percent versus its previous Nasdaq close.

Net income reached USD 105.20 million

Eastern Bankshares reported USD 105.20 million in net income for the second quarter of 2026, according to Yahoo Finance. The same period produced earnings of USD 0.49 per share, compared with a USD 0.46 consensus estimate. That USD 0.03 difference is the clearest quantified comparison behind the bank's latest earnings picture.

Price position after October 16

The Nasdaq price sat within a USD 16.61 to USD 23.78 52-week range on October 16, 2026. At USD 21.31, the stock was 10.39 percent below its 52-week high and 28.36 percent above its 52-week low. The latest quoted volume was 3,917,385 shares against an average of 2,417,182.

Valuation and October 22 results

Eastern Bankshares had a market capitalization of USD 4.9 billion and a price-to-earnings ratio of 12.11 on October 16, 2026. Its next scheduled event is the release of third-quarter 2026 results after the market close on October 22, 2026, as announced by Eastern Bankshares.

Comparison with peers

Eastern Bankshares (Nasdaq, USD): up 0.80 percent, P/E 12.11, market capitalization USD 4.9 billion

Independent Bank Corp. (Nasdaq, USD): up 3.63 percent, P/E 11.83, market capitalization USD 3.8 billion

Citizens Financial Group (NYSE, USD): minus 0.11 percent, P/E 12.77, market capitalization USD 26.7 billion

Stock context for investors

The target reduction leaves TD Cowen's USD 25.00 objective above the latest Nasdaq price, while the upcoming October 22 release provides the next scheduled test for earnings and valuation.

Market context: Market report S&P 500.

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