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
Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:EBSB
Previous Symbol
CUSIP58964Q10
Phone617-567-1500
Debt
Debt-to-Equity Ratio0.90
Current Ratio1.24
Quick Ratio1.24
Price-To-Earnings
Trailing P/E Ratio15.27
Forward P/E Ratio12.96
P/E GrowthN/A
Sales & Book Value
Annual Sales$208.17 million
Price / Sales3.78
Cash Flow$0.9161 per share
Price / Cash Flow15.85
Book Value$11.96 per share
Price / Book1.21
Profitability
EPS (Most Recent Fiscal Year)$0.95
Net Income$42.94 million
Net Margins22.37%
Return on Equity8.99%
Return on Assets1.07%
Miscellaneous
Employees538
Outstanding Shares54,160,000
Market Cap$811.82 million
OptionableOptionable
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 Wednesday, November 28th. Stockholders of record on Tuesday, December 18th will be given a dividend of $0.07 per share on Wednesday, January 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Monday, December 17th. This is an increase from Meridian Bancorp's previous quarterly dividend of $0.05. View Meridian Bancorp's Dividend History.
How were Meridian Bancorp's earnings last quarter?
Meridian Bancorp Inc (NASDAQ:EBSB) posted its quarterly earnings data on Tuesday, October, 23rd. The savings and loans company reported $0.33 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.28 by $0.05. The savings and loans company had revenue of $45.04 million for the quarter, compared to the consensus estimate of $45.10 million. Meridian Bancorp had a return on equity of 8.99% and a net margin of 22.37%. View Meridian Bancorp's Earnings History.
When is Meridian Bancorp's next earnings date?
What price target have analysts set for EBSB?
1 Wall Street analysts have issued twelve-month price targets for Meridian Bancorp's stock. Their forecasts range from $24.00 to $24.00. On average, they expect Meridian Bancorp's share price to reach $24.00 in the next twelve months. This suggests a possible upside of 63.5% from the stock's current price. View Analyst Price Targets for Meridian Bancorp.
What is the consensus analysts' recommendation for Meridian Bancorp?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meridian Bancorp in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meridian Bancorp.
Has Meridian Bancorp been receiving favorable news coverage?
Press coverage about EBSB stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Meridian Bancorp earned a daily sentiment score of 2.0 on InfoTrie's scale. They also gave press coverage about the savings and loans company a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an effect on the stock's share price in the next several days.
Who are some of Meridian Bancorp's key competitors?
Some companies that are related to Meridian Bancorp include Community Bank System (CBU), UMB Financial (UMBF), Fulton Financial (FULT), Old National Bancorp (ONB), First Financial Bancorp (FFBC), Simmons First National (SFNC), First Midwest Bancorp (FMBI), Washington Federal (WAFD), WesBanco (WSBC), Centerstate Bank (CSFL), Trustmark (TRMK), First Merchants (FRME), Northwest Bancshares (NWBI), BancFirst (BANF) and Hope Bancorp (HOPE).
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, Exec. VP, Treasurer & CFO (Age 62)
- Mr. Edward J. Merritt, Sec. & Director (Age 58)
- Mr. Frank P. Romano, Exec. VP of Corp. Banking - East Boston Savings Bank (Age 63)
- Mr. John Migliozzi, Exec. VP of Lending - East Boston Savings Bank (Age 60)
Who are Meridian Bancorp's major shareholders?
Meridian Bancorp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.96%), Dimensional Fund Advisors LP (5.12%), Vanguard Group Inc. (4.35%), Vanguard Group Inc (4.35%), Renaissance Technologies LLC (3.88%) and FMR LLC (3.37%). 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 FMR LLC, Russell Investments Group Ltd., Wells Fargo & Company MN, Renaissance Technologies LLC, First Trust Advisors LP, Morgan Stanley, Thrivent Financial for Lutherans and Credit Suisse AG. Company insiders that have sold Meridian Bancorp company stock in the last year include Gregory F Natalucci and James G Sartori. View Insider Buying and Selling for Meridian Bancorp.
Which major investors are buying Meridian Bancorp stock?
EBSB stock was purchased by a variety of institutional investors in the last quarter, including Monarch Partners Asset Management LLC, Matarin Capital Management LLC, FSI Group LLC, Putnam Investments LLC, Thomson Horstmann & Bryant Inc., Dimensional Fund Advisors LP, BlackRock Inc. and Alliancebernstein L.P.. 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 $14.68.
How big of a company is Meridian Bancorp?
Meridian Bancorp has a market capitalization of $811.82 million 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.
What is Meridian Bancorp's official website?
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 (NASDAQ 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.
