Eastern Bankshares (EBC) Insider Luis Borgen Sells $38K of Stock
Luis Borgen divested 1,709 shares of Eastern Bankshares, valued at approximately $37,547.
Reviewed by automated data checks against the source filing. How we make and check alerts
Luis Borgen sold 1,709 shares of Eastern Bankshares, Inc. ($EBC) at an average price of $21.97, worth about $37,546.73, on June 29, 2026. The trade was reported to the SEC in a Form 4 filing and was made under a pre-arranged Rule 10b5-1 trading plan.
Since the trade, $EBC is up 2.9% after 1 week, up 4.4% after 1 month and down 2.8% to date (from the $21.92 close on Jun 29, 2026).
EBC
Eastern Bankshares, Inc.
Key Points
- On June 29, 2026, Luis Borgen sold 1,709 shares of Eastern Bankshares, Inc. (EBC) for about $37,547 at a price of $21.97 per share.
- The stock closed at $22.24 on the day of publication, slightly above the average price of the sale.
- Eastern Bankshares has a market cap of approximately $4.9 billion and a P/E ratio of 12.0.
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Insider Buying and Selling at Eastern Bankshares, Inc.
Luis Borgen sold 1,709 shares of Eastern Bankshares, Inc. (EBC) on June 29, 2026, for about $37,547 at a price of $21.97 per share. This sale is part of a planned transaction and reflects an active participation in the company's stock movement.
Stock Context
With shares closing at $22.24 on the day this article is published, the stock is trading close to its recent average prices. The shares have seen a 52-week range between $16.61 and $23.77, indicating some volatility over the past year. Borgen's sale at $21.97 is slightly below the current market price, suggesting he was selling near the higher end of its recent trading range.
Analysts Set New Price Targets
On October 5, 2026, Barclays maintained its Equal-Weight rating on EBC with a target price of $23.00, up from $22.00. TD Cowen also maintained a Buy rating with a target of $25.00, down from $26.00. Piper Sandler reiterated an Overweight rating, adjusting its target from $24.00 to $26.00 on July 27, 2026. Overall, analysts seem optimistic about Eastern Bankshares, with a consensus recommendation of Buy based on multiple target price adjustments.
What Eastern Bankshares, Inc. Does
Eastern Bankshares, Inc. functions as the bank holding company for Eastern Bank, providing various banking and trust services. It's an important player in the regional banking sector, focusing on both retail and commercial banking solutions.
What's Next for Eastern Bankshares, Inc.
Investors should look ahead to Eastern Bankshares' next earnings release scheduled for October 22, 2026. The recent insider sale highlights ongoing activity within the company. Remember, this Form 4 transaction reflects Borgen's position as of the sale date and may not indicate future trading intentions.
Related Filing Alerts
Source: Luis Borgen's Form 4 filing on $EBC (Jun 29, 2026). Find the original filing: EBC Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts