Meridian Bancorp Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meridian Bancorp in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Meridian Bancorp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EBSB, but not buy additional shares or sell existing shares.
View analyst ratings for Meridian Bancorp or view top-rated stocks.

Wall Street analysts have given Meridian Bancorp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Meridian Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Meridian Bancorp saw a increase in short interest in the month of May. As of May 28th, there was short interest totaling 1,000,000 shares, an increase of 18.3% from the May 13th total of 845,300 shares. Based on an average daily trading volume, of 346,500 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.2% of the shares of the stock are sold short.
View Meridian Bancorp's Short Interest.

Meridian Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, July 20th 2021.
View our earnings forecast for Meridian Bancorp.

Meridian Bancorp, Inc. (NASDAQ:EBSB) issued its quarterly earnings results on Wednesday, April, 21st. The savings and loans company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.10. The savings and loans company had revenue of $53.33 million for the quarter, compared to analyst estimates of $52.23 million. Meridian Bancorp had a trailing twelve-month return on equity of 10.05% and a net margin of 28.63%.
View Meridian Bancorp's earnings history.

Meridian Bancorp's stock was trading at $14.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, EBSB stock has increased by 50.5% and is now trading at $21.23.
View which stocks have been most impacted by COVID-19.

Meridian Bancorp announced a quarterly dividend on Thursday, May 27th. Stockholders of record on Thursday, June 17th will be paid a dividend of $0.10 per share on Thursday, July 1st. This represents a $0.40 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, June 16th.
View Meridian Bancorp's dividend history.

Meridian Bancorp pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.86%. Meridian Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Meridian Bancorp is 31.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Meridian Bancorp will have a dividend payout ratio of 27.59% next year. This indicates that Meridian Bancorp will be able to sustain or increase its dividend.
View Meridian Bancorp's dividend history.

1 analysts have issued 1-year price objectives for Meridian Bancorp's shares. Their forecasts range from $15.00 to $15.00. On average, they expect Meridian Bancorp's stock price to reach $15.00 in the next twelve months. This suggests that the stock has a possible downside of 29.3%.
View analysts' price targets for Meridian Bancorp or view top-rated stocks among Wall Street analysts.

6 employees have rated Meridian Bancorp CEO Richard Gavegnano on Glassdoor.com. Richard Gavegnano has an approval rating of 78% among Meridian Bancorp's employees.

Some companies that are related to Meridian Bancorp include People's United Financial (PBCT), TFS Financial (TFSL), New York Community Bancorp (NYCB), MGIC Investment (MTG), Radian Group (RDN), The Simply Good Foods (SMPL), Walker & Dunlop (WD), LendingTree (TREE), WSFS Financial (WSFS), Washington Federal (WAFD), Provident Financial Services (PFS), Northwest Bancshares (NWBI), Capitol Federal Financial (CFFN), Berkshire Hills Bancorp (BHLB) and OceanFirst Financial (OCFC).
View all of EBSB's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Meridian Bancorp investors own include Ford Motor (F), Bank of Hawaii (BOH), InterDigital (IDCC), Verizon Communications (VZ), STAG Industrial (STAG), Chipotle Mexican Grill (CMG), Dominion Energy (D), General Electric (GE), Altria Group (MO) and (PRMW).

Meridian Bancorp trades on the NASDAQ under the ticker symbol "EBSB."

Meridian Bancorp's stock is owned by many different institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (14.48%), BlackRock Inc. (8.24%), Dimensional Fund Advisors LP (5.43%), Renaissance Technologies LLC (3.92%), GW&K Investment Management LLC (1.90%) and Geode Capital Management LLC (1.63%).
View institutional ownership trends for Meridian Bancorp.

EBSB stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Acadian Asset Management LLC, Price T Rowe Associates Inc. MD, JPMorgan Chase & Co., Dimensional Fund Advisors LP, Morgan Stanley, Northern Trust Corp, and Millennium Management LLC.
View insider buying and selling activity for Meridian Bancorp or view top insider-selling stocks.

EBSB stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Private Capital Management LLC, Geode Capital Management LLC, BHZ Capital Management LP, Alliancebernstein L.P., Tudor Investment Corp Et Al, D. E. Shaw & Co. Inc., and Cornercap Investment Counsel Inc..
View insider buying and selling activity for Meridian Bancorp or or view top insider-buying stocks.

Shares of EBSB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of EBSB stock can currently be purchased for approximately $21.23.

Meridian Bancorp has a market capitalization of $1.11 billion and generates $269.38 million in revenue each year. The savings and loans company earns $65.05 million in net income (profit) each year or $1.29 on an earnings per share basis.

Meridian Bancorp employs 478 workers across the globe.

The official website for Meridian Bancorp is www.ebsb.com.

Meridian Bancorp is headquartered at 67 Prospect Street, Peabody MA, 01960.

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]