Meridian Bancorp Company Profile (NASDAQ:EBSB)

About Meridian Bancorp (NASDAQ:EBSB)

Meridian Bancorp logoMeridian Bancorp Inc, formerly Meridian Interstate Bancorp, Inc., is a mid-tier stock holding company of East Boston Savings Bank (the Bank). The Bank is a state-chartered stock savings bank that operates from 24 full-service locations and two loan centers in the Boston metropolitan area. East Boston Savings Bank operates eight of its full-service locations and a loan center under the name Mt. Washington Bank, a division of East Boston Savings Bank. The Bank offers a variety of deposit and loan products to individuals and businesses located in its primary market, which consists of Suffolk, Middlesex and Essex Counties, Massachusetts. The Bank operates as a community-oriented financial institution offering financial services to consumers and businesses. As of December 31, 2011, Meridian Financial Services, Incorporated owned 59.4% interest of the Company.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Savings & Loans
  • Sub-Industry: Thrifts & Mortgage Finance
  • Symbol: NASDAQ:EBSB
  • CUSIP: 58964Q10
  • Web: www.ebsb.com
Capitalization:
  • Market Cap: $845.75 million
  • Outstanding Shares: 50,949,000
Average Prices:
  • 50 Day Moving Avg: $17.58
  • 200 Day Moving Avg: $18.25
  • 52 Week Range: $13.66 - $20.55
P/E:
  • Trailing P/E Ratio: 24.06
  • Foreward P/E Ratio: 18.86
  • P/E Growth: 1.89
Sales & Book Value:
  • Annual Revenue: $135.37 million
  • Price / Sales: 6.25
  • Book Value: $12.09 per share
  • Price / Book: 1.37
Dividend:
  • Annual Dividend: $0.12
  • Dividend Yield: 1.0%
Profitability:
  • Net Margins: 20.86%
  • Return on Equity: 5.81%
  • Return on Assets: 0.87%
Debt:
  • Debt-to-Equity Ratio: 0.54%
  • Current Ratio: 1.19%
  • Quick Ratio: 1.19%
Misc:
  • Average Volume: 138,619 shs.
  • Beta: 0.29
  • Short Ratio: 3.05
 

Frequently Asked Questions for Meridian Bancorp (NASDAQ:EBSB)

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, March 3rd. Stockholders of record on Tuesday, March 21st will be paid a dividend of $0.04 per share on Tuesday, April 4th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, March 17th. This is a boost from Meridian Bancorp's previous quarterly dividend of $0.03. View Meridian Bancorp's Dividend History.

How were Meridian Bancorp's earnings last quarter?

Meridian Bancorp, Inc. (NASDAQ:EBSB) issued its quarterly earnings results on Tuesday, January, 24th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $39.03 million for the quarter. Meridian Bancorp had a return on equity of 5.81% and a net margin of 20.86%. View Meridian Bancorp's Earnings History.

Where is Meridian Bancorp's stock going? Where will Meridian Bancorp's stock price be in 2017?

3 analysts have issued 12-month price targets for Meridian Bancorp's shares. Their predictions range from $20.00 to $20.00. On average, they anticipate Meridian Bancorp's stock price to reach $20.00 in the next year. View Analyst Ratings for Meridian Bancorp.

Are investors shorting Meridian Bancorp?

Meridian Bancorp saw a increase in short interest in April. As of April 28th, there was short interest totalling 330,667 shares, an increase of 0.2% from the April 13th total of 329,975 shares. Based on an average trading volume of 157,250 shares, the short-interest ratio is presently 2.1 days.

Who are some of Meridian Bancorp's key competitors?

Who owns Meridian Bancorp stock?

Meridian Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (8.79%), Dimensional Fund Advisors LP (4.20%), Vanguard Group Inc. (4.11%), Renaissance Technologies LLC (3.12%), JPMorgan Chase & Co. (2.54%) and State Street Corp (2.11%). Company insiders that own Meridian Bancorp stock include Edward J Merritt, Gregory F Natalucci, James G Sartori, Richard F Fernandez and Thomas J Gunning. View Institutional Ownership Trends for Meridian Bancorp.

Who sold Meridian Bancorp stock? Who is selling Meridian Bancorp stock?

Meridian Bancorp's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Cortina Asset Management LLC, Monarch Partners Asset Management LLC, Morgan Stanley, Anchor Capital Advisors LLC, Bank of America Corp DE, Parametric Portfolio Associates LLC and Royce & Associates LP. Company insiders that have sold Meridian Bancorp stock in the last year include Gregory F Natalucci, James G Sartori and Richard F Fernandez. View Insider Buying and Selling for Meridian Bancorp.

Who bought Meridian Bancorp stock? Who is buying Meridian Bancorp stock?

Meridian Bancorp's stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Goldman Sachs Group Inc., Vanguard Group Inc., Acadian Asset Management LLC, Boston Partners, Cadence Capital Management LLC, First Trust Advisors LP and Piermont Capital Management Inc.. Company insiders that have bought Meridian Bancorp stock in the last two years include Edward J Merritt and Thomas J Gunning. View Insider Buying and Selling for Meridian Bancorp.

How do I buy Meridian Bancorp stock?

Shares of Meridian Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Meridian Bancorp stock cost?

One share of Meridian Bancorp stock can currently be purchased for approximately $16.60.

Analyst Ratings

Consensus Ratings for Meridian Bancorp (NASDAQ:EBSB) (?)
Ratings Breakdown: 3 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $20.00 (20.48% upside)

Analysts' Ratings History for Meridian Bancorp (NASDAQ:EBSB)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/5/2017Keefe, Bruyette & WoodsReiterated RatingHold$20.00MediumView Rating Details
2/7/2017Piper Jaffray CompaniesBoost Price TargetNeutral$17.00 -> $20.00N/AView Rating Details
11/18/2016Compass PointDowngradeBuy -> NeutralN/AView Rating Details
9/30/2015Hovde GroupInitiated CoverageMarket Perform$15.25N/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for Meridian Bancorp (NASDAQ:EBSB)
Earnings by Quarter for Meridian Bancorp (NASDAQ:EBSB)
Earnings History by Quarter for Meridian Bancorp (NASDAQ:EBSB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/24/2017Q4 2016$0.18$0.22$39.03 millionViewN/AView Earnings Details
10/25/2016Q3$0.15$0.18$34.60 millionViewN/AView Earnings Details
7/26/2016Q2$0.14$0.11$32.04 millionViewN/AView Earnings Details
4/26/2016Q1$0.12$0.14$31.07 millionViewN/AView Earnings Details
1/26/2016Q4$0.12$0.13$30.01 millionViewN/AView Earnings Details
4/28/2015Q3$0.12$0.11$26.12 million$27.74 millionViewN/AView Earnings Details
1/26/2015Q4 2014$0.07$0.11$25.45 million$27.95 millionViewN/AView Earnings Details
10/28/2014Q3 2014$0.06$0.11$24.31 million$26.41 millionViewN/AView Earnings Details
7/22/2014Q2 14$0.14$0.25$23.84 million$25.28 millionViewN/AView Earnings Details
1/28/2014Q4 13$0.11$0.18ViewN/AView Earnings Details
1/22/2013Q4 2012$0.10$0.10ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Meridian Bancorp (NASDAQ:EBSB)
2017 EPS Consensus Estimate: $0.61
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.15$0.15$0.15
Q2 20171$0.15$0.15$0.15
Q3 20171$0.15$0.15$0.15
Q4 20171$0.16$0.16$0.16
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Meridian Bancorp (NASDAQ:EBSB)
Most Recent Dividend:4/4/2017
Annual Dividend:$0.12
Dividend Yield:0.72%
Payout Ratio:18.46% (Trailing 12 Months of Earnings)
16.44% (Based on This Year's Estimates)
13.64% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Meridian Bancorp (NASDAQ:EBSB)

Dividend History by Quarter for Meridian Bancorp (NASDAQ:EBSB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/3/2017quarterly$0.040.84%3/17/20173/21/20174/4/2017
12/2/2016quarterly$0.030.67%12/16/201612/20/20161/3/2017
9/2/2016quarterly$0.030.77%9/15/20169/19/201610/3/2016
6/2/2016quarterly$0.030.79%6/15/20166/17/20167/1/2016
3/3/2016quarterly$0.030.85%3/18/20163/22/20164/5/2016
12/10/2015quarterly$0.030.84%12/21/201512/23/20151/6/2016
8/28/2015special$0.039/15/20159/17/201510/1/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Meridian Bancorp (NASDAQ:EBSB)
Insider Ownership Percentage: 5.10%
Institutional Ownership Percentage: 67.90%
Insider Trades by Quarter for Meridian Bancorp (NASDAQ:EBSB)
Institutional Ownership by Quarter for Meridian Bancorp (NASDAQ:EBSB)
Insider Trades by Quarter for Meridian Bancorp (NASDAQ:EBSB)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/28/2017Gregory F. NatalucciDirectorSell4,600$18.91$86,986.00View SEC Filing  
2/23/2017James G. SartoriDirectorSell8,216$19.19$157,665.04View SEC Filing  
2/22/2017James G. SartoriDirectorSell8,835$19.31$170,603.85View SEC Filing  
11/9/2016Richard F. FernandezDirectorSell10,000$16.20$162,000.00View SEC Filing  
10/31/2016James G. SartoriDirectorSell16,837$16.00$269,392.00View SEC Filing  
5/31/2016Thomas J GunningDirectorBuy335$14.97$5,014.95View SEC Filing  
5/6/2016James G SartoriDirectorSell1,625$13.42$21,807.50View SEC Filing  
1/29/2016Edward J. MerrittEVPBuy42$13.69$574.98View SEC Filing  
5/1/2015James G SartoriDirectorSell1,224$12.87$15,752.88View SEC Filing  
12/1/2014Richard F FernandezDirectorBuy3,000$10.90$32,700.00View SEC Filing  
11/19/2014Richard F FernandezDirectorBuy1,000$11.13$11,130.00View SEC Filing  
11/13/2014Richard F FernandezDirectorBuy10,000$11.54$115,400.00View SEC Filing  
11/11/2014Richard F FernandezDirectorBuy5,000$11.46$57,300.00View SEC Filing  
10/31/2014James G SartoriDirectorBuy6,032$11.25$67,860.00View SEC Filing  
9/9/2014Richard F FernandezDirectorBuy1,000$10.74$10,740.00View SEC Filing  
8/27/2014Richard F FernandezDirectorBuy2,000$10.76$21,520.00View SEC Filing  
7/29/2014James G SartoriDirectorBuy3,000$10.48$31,440.00View SEC Filing  
7/29/2013Vincent D BasileDirectorSell1,000$20.50$20,500.00View SEC Filing  
5/28/2013Vincent D BasileDirectorSell2,000$18.22$36,440.00View SEC Filing  
4/30/2013Carl LagrecaDirectorBuy2,000$18.28$36,560.00View SEC Filing  
2/28/2013Edward J MerrittEVPBuy1,793$18.40$32,991.20View SEC Filing  
12/7/2012Richard F FernandezDirectorBuy1,500$16.32$24,480.00View SEC Filing  
11/30/2012Domenic A GambardellaDirectorBuy1,500$16.49$24,735.00View SEC Filing  
8/10/2012Richard F FernandezDirectorBuy1,000$15.53$15,530.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Meridian Bancorp (NASDAQ:EBSB)
Latest Headlines for Meridian Bancorp (NASDAQ:EBSB)
Source:
DateHeadline
americanbankingnews.com logoMeridian Bancorp, Inc. (EBSB) Short Interest Up 0.2% in April
www.americanbankingnews.com - May 16 at 7:26 AM
americanbankingnews.com logoZacks: Analysts Anticipate Meridian Bancorp, Inc. (EBSB) Will Announce Earnings of $0.18 Per Share
www.americanbankingnews.com - May 12 at 2:18 PM
americanbankingnews.com logoMeridian Bancorp (EBSB) Receiving Favorable Press Coverage, Report Shows
www.americanbankingnews.com - May 4 at 1:11 AM
americanbankingnews.com logoMeridian Bancorp (EBSB) Given Media Sentiment Rating of 0.31
www.americanbankingnews.com - April 30 at 1:53 PM
americanbankingnews.com logoMeridian Bancorp (EBSB) Earning Somewhat Positive Media Coverage, Analysis Finds
www.americanbankingnews.com - April 25 at 8:26 PM
finance.yahoo.com logoMeridian Bancorp, Inc. Reports Record First Quarter Net Income
finance.yahoo.com - April 25 at 4:33 PM
americanbankingnews.com logoMeridian Bancorp, Inc. (EBSB) Expected to Announce Earnings of $0.20 Per Share
www.americanbankingnews.com - April 21 at 9:10 PM
americanbankingnews.com logoMeridian Bancorp (EBSB) Earning Somewhat Positive Press Coverage, Study Finds
www.americanbankingnews.com - April 21 at 7:34 PM
finance.yahoo.com logoMeridian Bancorp, Inc. breached its 50 day moving average in a Bullish Manner : EBSB-US : April 21, 2017
finance.yahoo.com - April 21 at 12:08 PM
americanbankingnews.com logoMeridian Bancorp (EBSB) Receives Daily Media Sentiment Score of -0.35
www.americanbankingnews.com - April 15 at 9:45 AM
finance.yahoo.com logoMeridian Bancorp, Inc. : EBSB-US: Dividend Analysis : March 21st, 2017 (record date) : By the numbers : April 7, 2017
finance.yahoo.com - April 7 at 4:51 PM
americanbankingnews.com logoMeridian Bancorp, Inc. (EBSB) Rating Reiterated by Keefe, Bruyette & Woods
www.americanbankingnews.com - April 5 at 10:30 PM
americanbankingnews.com logoZacks: Analysts Set $20.00 Target Price for Meridian Bancorp, Inc. (EBSB)
www.americanbankingnews.com - March 29 at 12:31 PM
nasdaq.com logoEx-Dividend Reminder: Caleres, Meridian Bancorp and Sabre
www.nasdaq.com - March 15 at 3:15 PM
us.rd.yahoo.com logo4:09 pm Meridian Interstate Bancorp raises quarterly dividend to $0.04/share from $0.03/share prior
us.rd.yahoo.com - March 2 at 10:08 PM
finance.yahoo.com logoMeridian Bancorp, Inc. Announces 33% Increase in Quarterly Dividend
finance.yahoo.com - March 2 at 5:06 PM
biz.yahoo.com logoMERIDIAN BANCORP, INC. Files SEC form 10-K, Annual Report
biz.yahoo.com - March 1 at 4:35 PM
us.rd.yahoo.com logoMeridian Bancorp, Inc. Reports Record Net Income for the Fourth Quarter And Year Ended December 31, 2016
us.rd.yahoo.com - January 24 at 5:31 PM
us.rd.yahoo.com logoMeridian Bancorp, Inc. Reports Record Net Income for the Fourth Quarter And Year Ended December 31, 2016
us.rd.yahoo.com - January 24 at 5:31 PM
biz.yahoo.com logoMERIDIAN BANCORP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex
us.rd.yahoo.com - January 24 at 5:31 PM
biz.yahoo.com logoMERIDIAN BANCORP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex
us.rd.yahoo.com - January 24 at 5:31 PM
finance.yahoo.com logoMeridian Bancorp, Inc. Announces Quarterly Dividend
finance.yahoo.com - December 1 at 4:59 PM
finance.yahoo.com logoMERIDIAN BANCORP, INC. Financials
finance.yahoo.com - November 16 at 4:52 PM
biz.yahoo.com logoMERIDIAN BANCORP, INC. Files SEC form 10-Q, Quarterly Report
biz.yahoo.com - November 4 at 9:44 PM
nasdaq.com logoMeridian Bancorp, Inc. Reports Net Income for the Second Quarter And Six ...
www.nasdaq.com - July 27 at 9:29 AM
finance.yahoo.com logoMeridian Bancorp, Inc. Reports Net Income for the First Quarter Ended March 31, 2016
finance.yahoo.com - April 26 at 4:05 PM
bizjournals.com logoForget food trucks. This bank is building a branch on wheels.
www.bizjournals.com - March 9 at 2:33 PM

Social

Chart

Meridian Bancorp (EBSB) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff