Eastern Bankshares is a bank holding company. Through its subsidiaries, Eastern Bank and Eastern Insurance Group LLC, Co. provides various banking, trust and investment, and insurance services. Co.'s products and services include lending, deposit, wealth management and insurance products. Co. provides a range of demand deposit accounts, interest checking accounts, money market accounts, savings accounts and time certificates of deposit accounts. Co.'s lending focuses on the following 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. We show 15 historical shares outstanding datapoints in our EBC shares outstanding history coverage, used to compute EBC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing EBC market cap history over the course of time is important for investors
interested in comparing EBC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of EBC versus a peer is one thing; comparing
EBC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like EBC can fluctuate over the course of history.
With this page we aim to empower investors researching EBC by allowing them to research the EBC market cap history. |
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Video: The Importance of Market Cap
