Eastern Bank Provides Comprehensive Banking Solutions to Owen Security Solutions, Inc.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Client Relationship: Eastern Bank announces Owen Security Solutions, Inc. as a new commercial banking customer, providing comprehensive banking solutions to support its growth initiatives, showcasing Eastern's expertise in the security alarm sector.
- Financing Support: Eastern Bank offers Owen Security working capital and a revolving line of credit, enhancing cash flow and operational efficiency in the security alarm and fire protection sectors, thereby facilitating business expansion.
- Team Expertise: The commercial banking team at Eastern, led by Executive Vice President Greg Buscone, ensures a seamless collaboration with Owen Security during the financing process, reflecting Eastern's deep understanding of client needs.
- Historical Background and Impact: Founded in 1818, Eastern Bank has approximately $25.5 billion in assets and is committed to providing banking and wealth management solutions for various businesses, highlighting its leadership in the Greater Boston area and commitment to community support.
Analyst Views on EBC
Wall Street analysts forecast EBC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EBC is 21.67 USD with a low forecast of 20.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 19.300
Low
20.00
Averages
21.67
High
23.00
Current: 19.300
Low
20.00
Averages
21.67
High
23.00
About EBC
Eastern Bankshares, Inc. is the holding company for Eastern Bank (The Bank). Eastern Bank is a local bank with approximately 109 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. The Company provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management division. Its diversified products and services include lending, deposit, and wealth management. offer a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts and time certificates of deposit accounts. Its lending focuses on the various loan categories: commercial and industrial, including its asset-based lending portfolio, commercial real estate, commercial construction, small business banking, residential real estate and home equity loans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
