After a Recent Pullback, Shares of This Small Regional Bank Look Attractive
Since late May, Eastern Bankshares (NASDAQ: EBC) has seen its stock price retreat by around 16.5%. The regional bank, based in Boston with roughly $17 billion in assets under management, has only been a public offering since last October when it was listed at less than $12 per share. The stock price has risen as high as $23.03 before pulling back over the last few months.
Eastern's second-quarter earnings, however, offered confirmation that even at its current price of around $19.24 a share, this is a bank stock that you can buy cheap right now. Here's why.
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Source Fool.com
