Eastern Bank Welcomes Jarrad Herzog as SVP, Asset-Based Lending Manager
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- New Executive Appointment: Eastern Bank has appointed Jarrad Herzog as Senior Vice President, Asset-Based Lending Relationship Manager, leveraging over a decade of experience in middle-market financing, which is expected to enhance the bank's competitiveness in commercial lending.
- Extensive Industry Experience: Herzog previously served as Senior Vice President at Beacon Bank, managing complex borrowing needs, which is anticipated to bring new client resources and market opportunities to Eastern Bank.
- Community Engagement: Herzog is actively involved in community activities, serving as President of the Secured Finance Network’s New England Chapter, which enhances Eastern Bank's local influence and reputation.
- Diverse Banking Solutions: Eastern Bank offers a variety of commercial financing solutions, including asset-based and equipment loans, and Herzog's addition is expected to further optimize customer service and business growth.
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: 19.040
Low
20.00
Averages
21.67
High
23.00
Current: 19.040
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.
