NASDAQ:EBSB - Meridian Bancorp Stock Price, Forecast & News

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

Meridian Bancorp announced a quarterly dividend on Monday, December 9th. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.08 per share on Thursday, January 2nd. This represents a $0.32 annualized dividend and a yield of 1.58%. The ex-dividend date is Wednesday, December 18th. This is an increase from Meridian Bancorp's previous quarterly dividend of $0.07. View Meridian Bancorp's Dividend History.

Meridian Bancorp Inc (NASDAQ:EBSB) posted its quarterly earnings data on Tuesday, October, 22nd. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter. The savings and loans company earned $47.07 million during the quarter. Meridian Bancorp had a return on equity of 9.00% and a net margin of 23.00%. View Meridian Bancorp's Earnings History.

Meridian Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, January 28th 2020. View Earnings Estimates for Meridian Bancorp.

3 analysts have issued 12-month price targets for Meridian Bancorp's stock. Their forecasts range from $15.00 to $22.00. On average, they anticipate Meridian Bancorp's share price to reach $19.00 in the next year. This suggests that the stock has a possible downside of 6.4%. View Analyst Price Targets for Meridian Bancorp.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meridian Bancorp in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Meridian Bancorp.

Headlines about EBSB stock have been trending somewhat negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Meridian Bancorp earned a news impact score of -1.6 on InfoTrie's scale. They also assigned news articles about the savings and loans company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Meridian Bancorp.

Meridian Bancorp saw a increase in short interest in November. As of November 29th, there was short interest totalling 1,490,000 shares, an increase of 24.2% from the November 14th total of 1,200,000 shares. Based on an average daily trading volume, of 158,200 shares, the short-interest ratio is currently 9.4 days. Currently, 3.1% of the company's stock are sold short. View Meridian Bancorp's Current Options Chain.

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

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 Wireless (IDCC), Stag Industrial (STAG), Verizon Communications (VZ), General Electric (GE), Macquarie Infrastructure (MIC), Advanced Micro Devices (AMD), Bank Of The Ozarks (OZRK) and Stitch Fix (SFIX).

Meridian Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (2.10%), GW&K Investment Management LLC (1.60%), Monarch Partners Asset Management LLC (1.35%), Hennessy Advisors Inc. (0.63%), NBW Capital LLC (0.19%) and California Public Employees Retirement System (0.19%). Company insiders that own Meridian Bancorp stock include Edward J Merritt, Frank Romano, Gregory F Natalucci and James G Sartori. View Institutional Ownership Trends for Meridian Bancorp.

EBSB stock was sold by a variety of institutional investors in the last quarter, including Monarch Partners Asset Management LLC, Hennessy Advisors Inc., Strs Ohio, Barclays PLC, First Trust Advisors LP, Commonwealth Equity Services LLC and NBW Capital LLC. Company insiders that have sold Meridian Bancorp company stock in the last year include Edward J Merritt and Gregory F Natalucci. View Insider Buying and Selling for Meridian Bancorp.

EBSB stock was bought by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, GW&K Investment Management LLC, State Street Corp, Squarepoint Ops LLC, Beese Fulmer Investment Management Inc., Russell Investments Group Ltd., SG Americas Securities LLC and Rhumbline Advisers. Company insiders that have bought Meridian Bancorp stock in the last two years include Edward J Merritt and Frank Romano. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of EBSB stock can currently be purchased for approximately $20.29.

Meridian Bancorp has a market capitalization of $1.08 billion and generates $236.68 million in revenue each year. The savings and loans company earns $55.77 million in net income (profit) each year or $1.06 on an earnings per share basis. Meridian Bancorp employs 462 workers across the globe.View Additional Information About Meridian Bancorp.

The official website for Meridian Bancorp is http://www.ebsb.com/.

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]