About Meridian Bancorp (NASDAQ:EBSB)
Meridian 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
- Market Cap: $1.03794 billion
- Outstanding Shares: 53,919,000
- 50 Day Moving Avg: $18.59
- 200 Day Moving Avg: $17.56
- 52 Week Range: $15.23 - $20.55
Sales & Book Value:
- Trailing P/E Ratio: 24.68
- Foreward P/E Ratio: 20.48
- P/E Growth: 1.96
- Annual Revenue: $146.27 million
- Price / Sales: 7.10
- Book Value: $12.29 per share
- Price / Book: 1.57
- Annual Dividend: $0.16
- Dividend Yield: 0.8%
- Net Margins: 22.50%
- Return on Equity: 6.77%
- Return on Assets: 0.92%
- Debt-to-Equity Ratio: 0.69%
- Current Ratio: 1.23%
- Quick Ratio: 1.23%
- Average Volume: 183,815 shs.
- Beta: 0.26
- Short Ratio: 2.13
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 Tuesday, September 5th. Shareholders of record on Tuesday, September 19th will be given a dividend of $0.04 per share on Tuesday, October 3rd. This represents a $0.16 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Monday, September 18th. View Meridian Bancorp's Dividend History.
How were Meridian Bancorp's earnings last quarter?
Meridian Bancorp, Inc. (NASDAQ:EBSB) released its quarterly earnings data on Tuesday, July, 25th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $40.49 million for the quarter. Meridian Bancorp had a net margin of 22.50% and a return on equity of 6.77%. View Meridian Bancorp's Earnings History.
When will Meridian Bancorp make its next earnings announcement?
Where is Meridian Bancorp's stock going? Where will Meridian Bancorp's stock price be in 2017?
3 analysts have issued 12 month target prices for Meridian Bancorp's shares. Their predictions range from $19.00 to $20.00. On average, they expect Meridian Bancorp's stock price to reach $19.33 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 Banner Corporation (BANR), FCB Financial Holdings (FCB), Redfin Corporation (RDFN), Cohen & Steers (CNS), FS Investment Corporation (FSIC), Mack-Cali Realty Corporation (CLI), MGM Growth Properties LLC (MGP), Capitol Federal Financial (CFFN), Invesco Mortgage Capital (IVR), Independent Bank Corp. (INDB), Blackhawk Network Holdings (HAWK), Bank of N.T. Butterfield & Son Limited (The) (NTB), FBL Financial Group (FFG), Apollo Commercial Real Estate Finance (ARI), Simmons First National Corporation (SFNC), Terreno Realty Corporation (TRNO), Argo Group International Holdings (AGII) and Nationstar Mortgage Holdings (NSM).
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.
What is Meridian Bancorp's stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Meridian Bancorp stock can currently be purchased for approximately $19.25.
Consensus Ratings for Meridian Bancorp (NASDAQ:EBSB) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$19.33 (0.43% upside)|Consensus Price Target History for Meridian Bancorp (NASDAQ:EBSB)
Analysts' Ratings History for Meridian Bancorp (NASDAQ:EBSB)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/31/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$19.00||Medium|
|7/26/2017||Piper Jaffray Companies||Reiterated Rating||Hold||High|
|6/26/2017||Compass Point||Upgrade||Neutral -> Buy||$19.00||Medium|
Earnings History for Meridian Bancorp (NASDAQ:EBSB)Earnings History by Quarter for Meridian Bancorp (NASDAQ EBSB)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017||Q2 2017||$0.18||$0.22||$40.49 million||View||N/A|
|1/24/2017||Q4 2016||$0.18||$0.22||$39.03 million||View||N/A|
|4/28/2015||Q3||$0.12||$0.11||$26.12 million||$27.74 million||View||N/A|
|1/26/2015||Q4 2014||$0.07||$0.11||$25.45 million||$27.95 million||View||N/A|
|10/28/2014||Q3 2014||$0.06||$0.11||$24.31 million||$26.41 million||View||N/A|
|7/22/2014||Q2 14||$0.14||$0.25||$23.84 million||$25.28 million||View||N/A|
Earnings Estimates for Meridian Bancorp (NASDAQ:EBSB)
2017 EPS Consensus Estimate: $0.61
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Meridian Bancorp (NASDAQ:EBSB)
|Most Recent Dividend:||10/3/2017|
|Payout Ratio:||20.00% (Trailing 12 Months of Earnings) |
19.75% (Based on This Year's Estimates)
17.02% (Based on Next Year's Estimates)
Dividend History by Quarter for Meridian Bancorp (NASDAQ EBSB)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Meridian Bancorp (NASDAQ:EBSB)
Insider Ownership Percentage: 5.10%Insider Trades by Quarter for Meridian Bancorp (NASDAQ:EBSB)
Institutional Ownership Percentage: 65.08%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/9/2017||James G. Sartori||Director||Sell||1,500||$17.36||$26,040.00|| |
|8/3/2017||Frank Romano||EVP||Buy||3,785||$17.69||$66,956.65|| |
|7/28/2017||James G. Sartori||Director||Sell||8,324||$17.46||$145,337.04|| |
|2/28/2017||Gregory F. Natalucci||Director||Sell||4,600||$18.91||$86,986.00|| |
|2/23/2017||James G. Sartori||Director||Sell||8,216||$19.19||$157,665.04|| |
|2/22/2017||James G. Sartori||Director||Sell||8,835||$19.31||$170,603.85|| |
|11/9/2016||Richard F. Fernandez||Director||Sell||10,000||$16.20||$162,000.00|| |
|10/31/2016||James G. Sartori||Director||Sell||16,837||$16.00||$269,392.00|| |
|5/31/2016||Thomas J Gunning||Director||Buy||335||$14.97||$5,014.95|| |
|5/6/2016||James G Sartori||Director||Sell||1,625||$13.42||$21,807.50|| |
|1/29/2016||Edward J. Merritt||EVP||Buy||42||$13.69||$574.98|| |
|5/1/2015||James G Sartori||Director||Sell||1,224||$12.87||$15,752.88|| |
|12/1/2014||Richard F Fernandez||Director||Buy||3,000||$10.90||$32,700.00|| |
|11/19/2014||Richard F Fernandez||Director||Buy||1,000||$11.13||$11,130.00|| |
|11/13/2014||Richard F Fernandez||Director||Buy||10,000||$11.54||$115,400.00|| |
|11/11/2014||Richard F Fernandez||Director||Buy||5,000||$11.46||$57,300.00|| |
|10/31/2014||James G Sartori||Director||Buy||6,032||$11.25||$67,860.00|| |
|9/9/2014||Richard F Fernandez||Director||Buy||1,000||$10.74||$10,740.00|| |
|8/27/2014||Richard F Fernandez||Director||Buy||2,000||$10.76||$21,520.00|| |
|7/29/2014||James G Sartori||Director||Buy||3,000||$10.48||$31,440.00|| |
|7/29/2013||Vincent D Basile||Director||Sell||1,000||$20.50||$20,500.00|| |
|5/28/2013||Vincent D Basile||Director||Sell||2,000||$18.22||$36,440.00|| |
|4/30/2013||Carl Lagreca||Director||Buy||2,000||$18.28||$36,560.00|| |
|2/28/2013||Edward J Merritt||EVP||Buy||1,793||$18.40||$32,991.20|| |
|12/7/2012||Richard F Fernandez||Director||Buy||1,500||$16.32||$24,480.00|| |
|11/30/2012||Domenic A Gambardella||Director||Buy||1,500||$16.49||$24,735.00|| |
|8/10/2012||Richard F Fernandez||Director||Buy||1,000||$15.53||$15,530.00|| |
Headline Trends for Meridian Bancorp (NASDAQ:EBSB)
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Meridian Bancorp (EBSB) Chart for Sunday, October, 22, 2017