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

$19.99
-0.05 (-0.25 %)
(As of 11/19/2019 03:20 PM ET)
Today's Range
$19.85
Now: $19.99
$20.07
50-Day Range
$18.07
MA: $19.14
$20.11
52-Week Range
$13.67
Now: $19.99
$20.18
Volume12,972 shs
Average Volume178,790 shs
Market Capitalization$1.07 billion
P/E Ratio18.86
Dividend Yield1.40%
Beta0.55
Meridian Bancorp, Inc operates as the holding company for East Boston Savings Bank that provides various financial products and services for individuals and businesses primarily in Suffolk, Norfolk, Middlesex and Essex Counties, Massachusetts. The company accepts various deposit products, including non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts comprising NOW and money market accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts. Read More…

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:EBSB
CUSIP58964Q10
Phone617-567-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$236.68 million
Cash Flow$1.07 per share
Book Value$12.46 per share

Profitability

Net Income$55.77 million

Miscellaneous

Employees462
Market Cap$1.07 billion
Next Earnings Date1/28/2020 (Estimated)
OptionableOptionable

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Meridian Bancorp (NASDAQ:EBSB) Frequently Asked Questions

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 announced a quarterly dividend on Thursday, August 29th. Stockholders 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 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Monday, September 16th. 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, 23rd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.01. The savings and loans company earned $45.42 million during the quarter, compared to analyst estimates of $47.10 million. Meridian Bancorp had a net margin of 23.00% and a return on equity of 9.00%. View Meridian Bancorp's Earnings History.

When is Meridian Bancorp's next earnings date?

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

What price target have analysts set for EBSB?

2 brokerages have issued 1 year price objectives for Meridian Bancorp's stock. Their forecasts range from $15.00 to $20.00. On average, they anticipate Meridian Bancorp's stock price to reach $17.50 in the next year. This suggests that the stock has a possible downside of 12.5%. View Analyst Price Targets for Meridian Bancorp.

What is the consensus analysts' recommendation 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.

Has Meridian Bancorp been receiving favorable news coverage?

News articles about EBSB stock have been trending somewhat positive on Tuesday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Meridian Bancorp earned a news sentiment score of 1.1 on InfoTrie's scale. They also assigned news stories about the savings and loans company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Meridian Bancorp.

Are investors shorting 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 trading volume of 119,000 shares, the days-to-cover ratio is currently 9.7 days. Approximately 2.4% of the company's shares are sold short. View Meridian Bancorp's Current Options Chain.

Who are some of Meridian Bancorp's key competitors?

What other stocks do shareholders of Meridian Bancorp own?

Who are Meridian Bancorp's key executives?

Meridian Bancorp's management team includes the folowing people:
  • Mr. Richard J. Gavegnano, Chairman, Pres & CEO (Age 71)
  • Mark L. Abbate, Exec. VP, Treasurer & CFO (Age 63)
  • Mr. Frank P. Romano, Exec. VP of Corp. Banking - East Boston Savings Bank (Age 64)
  • Mr. Edward J. Merritt, Sec. & Director (Age 59)
  • Mr. John Migliozzi, Exec. VP of Lending - East Boston Savings Bank (Age 61)

Who are Meridian Bancorp's major shareholders?

Meridian Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders 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 and Marilyn A Censullo. View Institutional Ownership Trends for Meridian Bancorp.

Which major investors are selling Meridian Bancorp stock?

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.

Which major investors are buying Meridian Bancorp stock?

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.

How do I buy shares of 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.

What is Meridian Bancorp's stock price today?

One share of EBSB stock can currently be purchased for approximately $19.99.

How big of a company is Meridian Bancorp?

Meridian Bancorp has a market capitalization of $1.07 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.

What is Meridian Bancorp's official website?

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

How can I contact Meridian Bancorp?

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]


MarketBeat Community Rating for Meridian Bancorp (NASDAQ EBSB)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  196 (Vote Outperform)
Underperform Votes:  262 (Vote Underperform)
Total Votes:  458
MarketBeat's community ratings are surveys of what our community members think about Meridian Bancorp and other stocks. Vote "Outperform" if you believe EBSB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EBSB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/19/2019 by MarketBeat.com Staff

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