Eastern Bankshare Inc (EBC US, +1, 27-Aug-25)

Denis Sheahan (CEO since Jul 2024) bought $497,000 worth of stock on August 25th at $ 16.71, increasing his stake by 12%. He was previously Chair and CEO of Cambridge Bancorp from 2017 to 2024, prior to the merger with Eastern Bankshares in 2024. He made 4 purchases in the role, all of which were significantly smaller. 

Robert Rivers (Chairman since July 2024, Chair and CEO from 2017 to 2024) bought $745,968 worth of stock on August 25th at $16.71. This is his first clean purchase, with his only prior trade being a subscription for $2 million at $10 in October 2020. These are two notable purchases from key insiders. The company reported earnings on July 25th. 

We are ranking the stock +1 (strongly positive signal).

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