Meridian Bancorp Company Profile (NASDAQ:EBSB)

About Meridian Bancorp

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
  • Exchange: NASDAQ
  • Symbol: EBSB
  • CUSIP: 58964Q10
Key Metrics:
  • Previous Close: $19.05
  • 50 Day Moving Average: $18.89
  • 200 Day Moving Average: $17.10
  • 52-Week Range: $13.41 - $20.55
  • Trailing P/E Ratio: 29.31
  • Foreward P/E Ratio: 20.27
  • P/E Growth: 2.06
  • Market Cap: $970.41M
  • Outstanding Shares: 50,940,000
  • Beta: 0.29
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%
Additional Links:
Companies Related to Meridian Bancorp:

Analyst Ratings

Consensus Ratings for Meridian Bancorp (NASDAQ:EBSB) (?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $20.00 (4.99% upside)

Analysts' Ratings History for Meridian Bancorp (NASDAQ:EBSB)
Show:
DateFirmActionRatingPrice TargetDetails
2/7/2017Piper Jaffray CompaniesBoost Price TargetNeutral$17.00 -> $20.00View Rating Details
11/18/2016Compass PointDowngradeBuy -> NeutralView Rating Details
10/29/2015Keefe, Bruyette & WoodsBoost Price Target$13.25 -> $13.75View Rating Details
9/30/2015Hovde GroupInitiated CoverageMarket Perform$15.25View Rating Details
(Data available from 2/27/2015 forward)

Earnings

Earnings History for Meridian Bancorp (NASDAQ:EBSB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017        
1/24/2017Q4 2016$0.18$0.22ViewN/AView Earnings Details
10/25/2016Q3$0.15$0.18ViewN/AView Earnings Details
7/26/2016Q2$0.14$0.11ViewN/AView Earnings Details
4/26/2016Q1$0.12$0.14ViewN/AView Earnings Details
1/26/2016Q4$0.12$0.13ViewN/AView Earnings Details
10/27/2015Q3$0.12$0.11ViewN/AView Earnings Details
1/26/2015$0.07$0.11ViewN/AView Earnings Details
10/30/2014$0.06$0.11ViewN/AView Earnings Details
7/22/2014Q2 14$0.14$0.25ViewN/AView Earnings Details
4/22/2014$0.11$0.17ViewN/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)
Current Year EPS Consensus Estimate: $0.78 EPS
Next Year EPS Consensus Estimate: $0.94 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.12$0.12$0.12
Q2 20161$0.13$0.13$0.13
Q3 20161$0.14$0.14$0.14
Q4 20161$0.15$0.15$0.15
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)
Annual Dividend:$0.12
Dividend Yield:0.63%
Payout Ratio:18.46% (Based on Trailing 12 Months of Earnings)
15.38% (Based on Current Year Consensus EPS Estimate)
12.77% (Based on Next Year Consensus EPS Estimate)

Dividend History for Meridian Bancorp (NASDAQ:EBSB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Meridian Bancorp (NASDAQ:EBSB)
Insider Ownership Percentage: 5.10%
Institutional Ownership Percentage: 67.90%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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

Latest Headlines for Meridian Bancorp (NASDAQ:EBSB)
DateHeadline
marketexclusive.com logoInsider Trading Activity Meridian Bancorp, Inc. (NASDAQ:EBSB) – Director Sold 8,835 shares of Stock (NASDAQ:EBSB)
marketexclusive.com - February 23 at 9:53 PM
News IconTerritorial Bancorp Inc. (TBNK) Given Consensus Rating of "Buy" by Brokerages (NASDAQ:EBSB)
mundoaguaysaneamiento.net - February 20 at 11:27 AM
capitalcube.com logoMeridian Bancorp, Inc. : EBSB-US: Dividend Analysis : December 20th, 2016 (record date) : By the numbers : February 6, 2017 (NASDAQ:EBSB)
www.capitalcube.com - February 6 at 4:54 PM
capitalcube.com logoMeridian Bancorp, Inc. :EBSB-US: Earnings Analysis: Q4, 2016 By the Numbers : January 26, 2017 (NASDAQ:EBSB)
www.capitalcube.com - January 26 at 6:08 PM
capitalcube.com logoMeridian Bancorp, Inc. breached its 50 day moving average in a Bullish Manner : EBSB-US : January 25, 2017 (NASDAQ:EBSB)
www.capitalcube.com - January 25 at 6:04 PM
News IconIs Meridian Bancorp Inc’s (EBSB) stock available for good price when we account for its growth? (NASDAQ:EBSB)
simplywall.st - January 24 at 10:33 PM
4-traders.com logoMeridian Bancorp : posts 4Q profit (NASDAQ:EBSB)
www.4-traders.com - January 24 at 10:33 PM
us.rd.yahoo.com logoMeridian Bancorp, Inc. Reports Record Net Income for the Fourth Quarter And Year Ended December 31, 2016 (NASDAQ:EBSB)
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 (NASDAQ:EBSB)
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 (NASDAQ:EBSB)
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 (NASDAQ:EBSB)
us.rd.yahoo.com - January 24 at 5:31 PM
News IconStillwater Investment Management Lowers stake in U.S. Bancorp (USB) (NASDAQ:EBSB)
mjbstar.com - January 13 at 5:37 PM
publicnow.com logoEast Boston Savings Bank Celebrates the Opening of its Second Brookline Branch (NASDAQ:EBSB)
www.publicnow.com - January 3 at 6:44 PM
insidermonkey.com logoHedge Funds Are Dumping Meridian Bancorp, Inc. (EBSB) (NASDAQ:EBSB)
www.insidermonkey.com - December 9 at 7:49 AM
finance.yahoo.com logoMeridian Bancorp, Inc. Announces Quarterly Dividend (NASDAQ:EBSB)
finance.yahoo.com - December 1 at 4:59 PM
finance.yahoo.com logoMERIDIAN BANCORP, INC. Financials (NASDAQ:EBSB)
finance.yahoo.com - November 16 at 4:52 PM
publicnow.com logoEBSB is Rated 5-Stars by BauerFinancial (NASDAQ:EBSB)
www.publicnow.com - November 9 at 2:00 PM
biz.yahoo.com logoMERIDIAN BANCORP, INC. Files SEC form 10-Q, Quarterly Report (NASDAQ:EBSB)
biz.yahoo.com - November 4 at 9:44 PM
capitalcube.com logoETF’s with exposure to Meridian Bancorp, Inc. : November 2, 2016 (NASDAQ:EBSB)
www.capitalcube.com - November 2 at 4:53 PM
capitalcube.com logoMeridian Bancorp, Inc. :EBSB-US: Earnings Analysis: Q3, 2016 By the Numbers : October 31, 2016 (NASDAQ:EBSB)
www.capitalcube.com - October 31 at 4:50 PM
capitalcube.com logoMeridian Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : EBSB-US : October 26, 2016 (NASDAQ:EBSB)
www.capitalcube.com - October 26 at 4:49 PM
capitalcube.com logoMeridian Bancorp, Inc. : EBSB-US: Dividend Analysis : September 19th, 2016 (record date) : By the numbers : October 24, 2016 (NASDAQ:EBSB)
www.capitalcube.com - October 24 at 4:36 PM
4-traders.com logoMeridian Bancorp : EBSB's Chinatown Branch Wins Gold (NASDAQ:EBSB)
www.4-traders.com - October 21 at 4:48 PM
publicnow.com logoEBSB's Chinatown Branch Wins Gold (NASDAQ:EBSB)
www.publicnow.com - October 19 at 5:08 PM
4-traders.com logoMeridian Bancorp : EBSB Warms Up for the 11th Annual 5K Bay Run/Walk (NASDAQ:EBSB)
www.4-traders.com - September 21 at 9:02 AM
publicnow.com logoEBSB Warms Up for the 11th Annual 5K Bay Run/Walk (NASDAQ:EBSB)
www.publicnow.com - September 20 at 8:29 AM
capitalcube.com logoETF’s with exposure to Meridian Bancorp, Inc. : September 15, 2016 (NASDAQ:EBSB)
www.capitalcube.com - September 15 at 5:04 PM
4-traders.com logoMeridian Bancorp : Announces Quarterly Dividend (NASDAQ:EBSB)
www.4-traders.com - September 14 at 9:55 PM
capitalcube.com logoETF’s with exposure to Meridian Bancorp, Inc. : August 23, 2016 (NASDAQ:EBSB)
www.capitalcube.com - August 23 at 4:51 PM
capitalcube.com logoMeridian Bancorp, Inc. :EBSB-US: Earnings Analysis: Q2, 2016 By the Numbers : August 12, 2016 (NASDAQ:EBSB)
www.capitalcube.com - August 12 at 4:47 PM
capitalcube.com logoETF’s with exposure to Meridian Bancorp, Inc. : August 9, 2016 (NASDAQ:EBSB)
www.capitalcube.com - August 9 at 3:24 PM
capitalcube.com logoMeridian Bancorp, Inc. breached its 50 day moving average in a Bullish Manner : EBSB-US : August 8, 2016 (NASDAQ:EBSB)
www.capitalcube.com - August 8 at 9:33 AM
publicnow.com logoMeridian Bancorp, Inc. Announces New Board of Directors (NASDAQ:EBSB)
www.publicnow.com - August 2 at 4:55 PM
nasdaq.com logoMeridian Bancorp, Inc. Reports Net Income for the Second Quarter And Six ... (NASDAQ:EBSB)
www.nasdaq.com - July 27 at 9:29 AM
publicnow.com logoMeridian Bancorp, Inc. Reports Net Income for the Second Quarter And Six Months Ended June 30, 2016 (NASDAQ:EBSB)
www.publicnow.com - July 27 at 3:28 AM
sg.finance.yahoo.com logoMeridian Bancorp posts 2Q profit (NASDAQ:EBSB)
sg.finance.yahoo.com - July 26 at 5:51 PM
capitalcube.com logoMeridian Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : EBSB-US : June 27, 2016 (NASDAQ:EBSB)
www.capitalcube.com - June 27 at 9:09 AM
capitalcube.com logoMeridian Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : EBSB-US : June 16, 2016 (NASDAQ:EBSB)
www.capitalcube.com - June 16 at 8:17 AM
4-traders.com logoMeridian Bancorp : Mobile Branch Grand Opening Ceremomy (NASDAQ:EBSB)
www.4-traders.com - June 15 at 9:30 AM
publicnow.com logoMobile Branch Grand Opening Ceremomy (NASDAQ:EBSB)
www.publicnow.com - June 14 at 10:49 AM
fidaily.com logoMeridian Bancorp, Inc. (NASDAQ:EBSB) Trading Down – Insiders Buying, Short Interest Falling (NASDAQ:EBSB)
www.fidaily.com - May 31 at 4:51 PM
biz.yahoo.com logoMERIDIAN BANCORP, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NASDAQ:EBSB)
biz.yahoo.com - May 19 at 4:13 PM
publicnow.com logoWe Hosted Our Annual Business Breakfast (NASDAQ:EBSB)
www.publicnow.com - May 19 at 11:32 AM
capitalcube.com logoETF’s with exposure to Meridian Bancorp, Inc. : May 9, 2016 (NASDAQ:EBSB)
www.capitalcube.com - May 9 at 3:15 PM
capitalcube.com logoMeridian Bancorp, Inc. :EBSB-US: Earnings Analysis: Q1, 2016 By the Numbers (NASDAQ:EBSB)
www.capitalcube.com - April 29 at 10:12 AM
sg.finance.yahoo.com logoMeridian Bancorp posts 1Q profit (NASDAQ:EBSB)
sg.finance.yahoo.com - April 26 at 5:27 PM
publicnow.com logoMeridian Bancorp, Inc. Reports Net Income for the 1st Quarter Ended March 31, 2016 (NASDAQ:EBSB)
www.publicnow.com - April 26 at 4:59 PM
finance.yahoo.com logoMeridian Bancorp, Inc. Reports Net Income for the First Quarter Ended March 31, 2016 (NASDAQ:EBSB)
finance.yahoo.com - April 26 at 4:05 PM
publicnow.com logoSilvia Guerrero Promoted to AVP Branch Manager (NASDAQ:EBSB)
www.publicnow.com - April 21 at 9:37 AM
capitalcube.com logoMeridian Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : EBSB-US : April 6, 2016 (NASDAQ:EBSB)
www.capitalcube.com - April 6 at 8:15 AM

Social

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, December 2nd. Investors of record on Tuesday, December 20th will be paid a dividend of $0.03 per share on Tuesday, January 3rd. This represents a $0.12 annualized dividend and a yield of 0.63%. The ex-dividend date is Friday, December 16th.

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

2 brokerages have issued 12-month target prices for Meridian Bancorp's stock. 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 twelve months.

When will Meridian Bancorp announce their earnings?

Meridian Bancorp is scheduled to release their next quarterly earnings announcement on Thursday, April, 27th 2017.

Who owns Meridian Bancorp stock?

Meridian Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (9.18%), Dimensional Fund Advisors LP (3.88%), Renaissance Technologies LLC (3.06%), State Street Corp (2.06%), Cortina Asset Management LLC (0.98%) and Russell Investments Group Ltd. (0.82%). Company insiders that own Meridian Bancorp stock include Edward J Merritt, James G Sartori, Richard F Fernandez and Thomas J Gunning.

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 Royce & Associates LP, Cortina Asset Management LLC, Allianz Asset Management AG, Metropolitan Life Insurance Co. NY, Stieven Capital Advisors L.P. and AQR Capital Management LLC. Company insiders that have sold Meridian Bancorp stock in the last year include James G Sartori and Richard F Fernandez.

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 Russell Investments Group Ltd., Renaissance Technologies LLC, FMR LLC, State Street Corp, Dimensional Fund Advisors LP, Two Sigma Investments LP, A.R.T. Advisors LLC and Harbor Advisors LLC. Company insiders that have bought Meridian Bancorp stock in the last two years include Edward J Merritt and Thomas J Gunning.

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 $19.05.

Meridian Bancorp (NASDAQ:EBSB) Chart for Monday, February, 27, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Meridian Bancorp (NASDAQ:EBSB)

Earnings History Chart

Earnings by Quarter for Meridian Bancorp (NASDAQ:EBSB)

Dividend History Chart

Dividend Payments by Quarter for Meridian Bancorp (NASDAQ:EBSB)

Last Updated on 2/27/2017 by MarketBeat.com Staff