Meridian Bancorp Stock Price, Forecast & Analysis (NASDAQ:EBSB)

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

Meridian Bancorp announced a quarterly dividend on Thursday, August 29th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.07 per share on Tuesday, October 1st. This represents a $0.28 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Monday, September 16th. View Meridian Bancorp's Dividend History.

Meridian Bancorp Inc (NASDAQ:EBSB) posted its quarterly earnings data on Tuesday, July, 23rd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.30 by $0.01. The savings and loans company had revenue of $45.42 million for the quarter, compared to analyst estimates of $47.10 million. Meridian Bancorp had a return on equity of 9.09% 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.

2 Wall Street analysts have issued 12-month target prices for Meridian Bancorp's shares. Their forecasts range from $15.00 to $20.00. On average, they anticipate Meridian Bancorp's share price to reach $17.50 in the next year. This suggests that the stock has a possible downside of 11.8%. View Analyst Price Targets for Meridian Bancorp.

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

Media headlines about EBSB stock have been trending somewhat negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Meridian Bancorp earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned news stories 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 impact on the stock's share price in the next few days. View News Stories for Meridian Bancorp.

Meridian Bancorp saw a decrease in short interest in October. As of October 15th, there was short interest totalling 1,150,000 shares, a decrease of 7.3% from the September 15th total of 1,240,000 shares. Based on an average daily volume of 119,000 shares, the days-to-cover ratio is currently 9.7 days. Currently, 2.4% of the shares of the 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), Radian Group (RDN), MGIC Investment (MTG), Lendingtree (TREE), TFS Financial (TFSL), Washington Federal (WAFD), WSFS Financial (WSFS), Simply Good Foods (SMPL), LegacyTexas Financial Group (LTXB), Capitol Federal Financial (CFFN), Walker & Dunlop (WD), Northwest Bancshares (NWBI), Provident Financial Services (PFS) and Berkshire Hills Bancorp (BHLB).

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), Bank Of The Ozarks (OZRK), General Electric (GE), Hudson Technologies (HDSN), Aegean Marine Petroleum Network (ANW), Chipotle Mexican Grill (CMG) and CARBO Ceramics (CRR).

Meridian Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include GW&K Investment Management LLC (1.60%), Monarch Partners Asset Management LLC (1.35%), Hennessy Advisors Inc. (0.63%), NBW Capital LLC (0.19%), California Public Employees Retirement System (0.19%) and Commonwealth Equity Services LLC (0.17%). 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 and Richard F Fernandez. 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, 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, Gregory F Natalucci and James G Sartori. 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, Beese Fulmer Investment Management Inc., Russell Investments Group Ltd., SG Americas Securities LLC, Rhumbline Advisers, Tower Research Capital LLC TRC and Meeder Asset Management Inc.. 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 $19.85.

Meridian Bancorp has a market capitalization of $1.06 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]