Meridian Bancorp, Inc. operates as the holding company for East Boston Savings Bank that provides various financial products and services for individuals and businesses primarily in Essex, Middlesex, Norfolk, and Suffolk Counties, Massachusetts. The company accepts various deposit products, including non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts comprising NOW and money market accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts. Its loan portfolio includes commercial real estate loans, which are secured by properties used for business purposes, such as office buildings, industrial facilities, and retail facilities; one- to four-family residential loans comprising mortgage loans that enable borrowers to purchase or refinance existing homes; multi-family real estate loans; construction loans; commercial and industrial loans; home equity lines of credit; and consumer loans that include automobile loans, loans secured by savings or certificate accounts, credit builders, and annuity and overdraft loans. In addition, the company offers non-deposit financial products, which comprise mutual funds, annuities, stocks, and bonds through a third-party broker-dealer; and long-term care insurance products. Further, it is also involved in the securities transactions business; and holding foreclosed real estate properties. As of March 1, 2018, the company operated 33 full-service locations, as well 1 mobile branch and 3 loan centers. Meridian Bancorp, Inc. was founded in 1848 and is headquartered in Peabody, Massachusetts.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNASDAQ:EBSB
CUSIP58964Q10
Phone617-567-1500
Debt
Debt-to-Equity Ratio0.89
Current Ratio1.25
Quick Ratio1.25
Price-To-Earnings
Trailing P/E Ratio21.21
Forward P/E Ratio19.19
P/E GrowthN/A
Sales & Book Value
Annual Sales$208.17 million
Price / Sales5.22
Cash Flow$0.9554 per share
Price / Cash21.09
Book Value$11.96 per share
Price / Book1.68
Profitability
EPS (Most Recent Fiscal Year)$0.95
Net Income$42.94 million
Net Margins21.09%
Return on Equity8.20%
Return on Assets1.02%
Miscellaneous
Employees538
Outstanding Shares53,930,000
Meridian Bancorp (NASDAQ:EBSB) Frequently Asked Questions
What is Meridian Bancorp's stock symbol?
Meridian Bancorp trades on the NASDAQ under the ticker symbol "EBSB."
How often does Meridian Bancorp pay dividends? What is the dividend yield for Meridian Bancorp?
Meridian Bancorp declared a quarterly dividend on Friday, June 1st. Investors of record on Tuesday, June 19th will be given a dividend of $0.05 per share on Tuesday, July 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Monday, June 18th. View Meridian Bancorp's Dividend History.
How were Meridian Bancorp's earnings last quarter?
Meridian Bancorp Inc (NASDAQ:EBSB) issued its earnings results on Tuesday, April, 24th. The savings and loans company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by $0.02. The savings and loans company had revenue of $42.18 million for the quarter. Meridian Bancorp had a net margin of 21.09% and a return on equity of 8.20%. View Meridian Bancorp's Earnings History.
When is Meridian Bancorp's next earnings date?
What price target have analysts set for EBSB?
3 brokers have issued 1 year price objectives for Meridian Bancorp's shares. Their predictions range from $19.00 to $24.00. On average, they anticipate Meridian Bancorp's share price to reach $21.50 in the next twelve months. View Analyst Ratings for Meridian Bancorp.
Who are some of Meridian Bancorp's key competitors?
Some companies that are related to Meridian Bancorp include Valley National Bancorp (VLY), MB Financial (MBFI), UMB Financial (UMBF), First Financial Bancorp (FFBC), Community Bank System (CBU), Fulton Financial (FULT), Simmons First National (SFNC), Old National Bancorp (ONB), Washington Federal (WAFD), FCB Financial (FCB), First Midwest Bancorp (FMBI), Centerstate Bank (CSFL), Hope Bancorp (HOPE), Cadence Bancorp (CADE) and First Merchants (FRME).
Who are Meridian Bancorp's key executives?
Meridian Bancorp's management team includes the folowing people:
- Mr. Richard J. Gavegnano, Chairman, Pres & CEO (Age 70)
- Mark L. Abbate, EVP, Treasurer & Chief Financial Officer (Age 62)
- Mr. John Migliozzi, Exec. VP of Lending (Age 60)
- Mr. Edward J. Merritt, Sec. & EVP of Bus. Devel. & Cmnty Relations (Age 58)
- Mr. Frank P. Romano, Exec. VP of Corp. Banking (Age 63)
Has Meridian Bancorp been receiving favorable news coverage?
News articles about EBSB stock have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Meridian Bancorp earned a daily sentiment score of 0.10 on Accern's scale. They also assigned media headlines about the savings and loans company an impact score of 46.33 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Meridian Bancorp's major shareholders?
Meridian Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.25%), Dimensional Fund Advisors LP (4.68%), Russell Investments Group Ltd. (2.19%), Impax Asset Management LLC (1.97%), JPMorgan Chase & Co. (1.96%) and GW&K Investment Management LLC (1.59%). Company insiders that own Meridian Bancorp stock include Anna R Dimaria, Edward J Merritt, Frank Romano, Gregory F Natalucci, James G Sartori, Marilyn A Censullo, Richard F Fernandez and Thomas J Gunning. View Institutional Ownership Trends for Meridian Bancorp.
Which major investors are selling Meridian Bancorp stock?
EBSB stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, JPMorgan Chase & Co., Cannell Peter B & Co. Inc., Boston Partners, Citadel Advisors LLC, Cortina Asset Management LLC, Anchor Capital Advisors LLC and ClariVest Asset Management LLC. Company insiders that have sold Meridian Bancorp company stock in the last year include Anna R Dimaria, Gregory F Natalucci, James G Sartori, Marilyn A Censullo and Richard F Fernandez. View Insider Buying and Selling for Meridian Bancorp.
Which major investors are buying Meridian Bancorp stock?
EBSB stock was bought by a variety of institutional investors in the last quarter, including GW&K Investment Management LLC, BlackRock Inc., Russell Investments Group Ltd., Matarin Capital Management LLC, Horizon Investment Services LLC, Piermont Capital Management Inc., GSA Capital Partners LLP and Impax Asset Management LLC. Company insiders that have bought Meridian Bancorp stock in the last two years include Edward J Merritt, Frank Romano and Thomas J Gunning. View Insider Buying and Selling for Meridian Bancorp.
How do I buy shares of Meridian Bancorp?
Shares of EBSB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Meridian Bancorp's stock price today?
One share of EBSB stock can currently be purchased for approximately $20.15.
How big of a company is Meridian Bancorp?
Meridian Bancorp has a market capitalization of $1.08 billion and generates $208.17 million in revenue each year. The savings and loans company earns $42.94 million in net income (profit) each year or $0.95 on an earnings per share basis. Meridian Bancorp employs 538 workers across the globe.
How can I contact Meridian Bancorp?
Meridian Bancorp's mailing address is 67 Prospect Street, Peabody MA, 01960. The savings and loans company can be reached via phone at 617-567-1500 or via email at [email protected]
MarketBeat Community Rating for Meridian Bancorp (EBSB)
MarketBeat's community ratings are surveys of what our community members think about Meridian Bancorp and other stocks. Vote "Outperform" if you believe EBSB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EBSB will underperform the S&P 500 over the long term. You may vote once every thirty days.
