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Eastern Bankshares Pick of the Week at Smart Insider Following CEO, Chairman Stock Purchases
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Eastern Bankshares Pick of the Week at Smart Insider Following CEO, Chairman Stock Purchases
Sep 2, 2025 5:59 AM

08:39 AM EDT, 09/02/2025 (MT Newswires) -- Eastern Bankshares ( EBC ) was Smart Insider's stock pick of the week after the company's Chief Executive Denis Sheahan purchased $497,000 worth of company shares at $16.71 apiece on Aug. 25, raising his ownership by 12%.

Chairman Robert Rivers also bought $745,968 worth of the bank's shares at $16.71 apiece on the same date, marking his first clean purchase, Smart Insider said in a Tuesday note.

Rivers only had a previous trade being a subscription for $2 million at $10 in 2020, the note added.

The purchases from the CEO and chairman are two "notable" stock buys from key insiders, the note said.

Smart Insider ranked the stock +1, or strong positive signal, on Aug. 27.

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