DA Davidson Initiates Coverage on Eastern Bankshares With $24 Price Target

DA Davidson analyst Jake Civiello initiated coverage on Eastern Bankshares Inc with a Buy rating and set a price target of $24. 44 on Thursday, May 14, 2026. The closing price left the stock trading well below the new target.

Civiello also initiated coverage on Unity Bancorp Inc on the same day. Benzinga reported the pair of initiations as part of its coverage of top analyst actions. " It highlighted the bullish stance on Unity Bancorp alongside the Eastern Bankshares call and two additional initiations not detailed in the report.

Benzinga reported that top Wall Street analysts changed their outlook on these names. The publication directed readers seeking a complete view of all analyst rating changes, including upgrades, downgrades and initiations, to its analyst ratings page.

44. Jake Civiello's initiation on Unity Bancorp Inc followed the same pattern of fresh coverage from DA Davidson. The report grouped the two bank stocks together as part of Friday's notable analyst actions.

Benzinga noted that full details on the Unity Bancorp initiation were available on its site. The publication has maintained a dedicated analyst ratings resource that tracks such moves across the market. Eastern Bankshares trades on NASDAQ under the ticker EBC.

The stock's performance on Thursday came as analysts began offering formal coverage on several regional banking names. The timing of the initiations reflects ongoing Wall Street interest in the banking sector. DA Davidson's dual moves on consecutive days underscore the firm's focus on smaller and mid-sized lenders.