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EBC - Eastern Bankshares: Acquisition Economic Factors To Lift Revenues
Eastern Bankshares Inc.
The average loan balance will likely be much higher this year relative to last year because of the acquisition of Century Bancorp and economic recovery in operating markets.
EBC will see some benefit from a rising interest-rate environment this year. However, most of the benefits will likely come with a lag.
The December 2022 target price suggests a small upside from the current market price. Further, EBC is offering a low dividend yield.