Eastern Bankshares Draws $116 Million Allocation as Profits Hit $106 Million
The Eastern pany(US:EML) The Motley Fool·2026-01-01 18:34Amid a sharp run and plenty of whiplash, one investor doubled down on a regional bank posting triple-digit quarterly profits and quietly improving its balance sheet.On November 13, Florida-based HoldCo Asset Management disclosed a buy of 1.2 million shares of Eastern Bankshares (EBC 0.49%), increasing its position by approximately $36.79 million.What HappenedAccording to a filing with the Securities and Exchange Commission (SEC) dated November 13, HoldCo Asset Management increased its stake in Eastern Banks ...