NASDAQ:EBSBMeridian Bancorp Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Meridian Bancorp Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $11.67 -0.41 (-3.39 %) (As of 05/28/2020 04:00 PM ET) Add Compare Share Today's Range$11.61Now: $11.67▼$12.3350-Day Range$9.97MA: $10.92▼$12.6752-Week Range$8.88Now: $11.67▼$20.86Volume195,180 shsAverage Volume199,225 shsMarket Capitalization$611.53 millionP/E Ratio9.34Dividend Yield2.65%Beta0.91 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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. Its loan portfolio includes commercial real estate loans, which are secured by properties used for business purposes, such as office buildings, industrial facilities, and retail facilities; one- to four-family residential loans comprising mortgage loans that enable borrowers to purchase or refinance existing homes; multi-family real estate loans; construction loans; commercial and industrial loans; home equity lines of credit; and consumer loans that include automobile loans, loans secured by savings or certificate accounts, credit builders, and annuity and overdraft loans. In addition, the company offers non-deposit financial products, which comprise mutual funds, annuities, stocks, and bonds through a third-party broker-dealer; and long-term care insurance products. Further, it is also involved in the securities transactions business; and holding foreclosed real estate properties. The company operates 37 full-service locations, as well as 1 mobile branch and 3 loan centers. Meridian Bancorp, Inc. was founded in 1848 and is headquartered in Peabody, Massachusetts.Read More Beat the Market (BTM) Rank™ 3.5 Analyst's Opinion Consensus RatingMeridian Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $17.50, Meridian Bancorp has a potential upside of 50.0% from its current price of $11.67.Amount of Analyst CoverageMeridian Bancorp has only been the subject of 1 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesMeridian Bancorp has received 246 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMeridian Bancorp has received 278 “underperform” votes. (Add your “underperform” vote.)Community SentimentMeridian Bancorp has received 53.05% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipMeridian Bancorp is a leading dividend payer. It pays a dividend yield of 2.65%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMeridian Bancorp has only been increasing its dividend for 4 years.Dividend CoverageThe dividend payout ratio of Meridian Bancorp is 24.62 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Meridian Bancorp will have a dividend payout ratio of 64.00 % next year. This indicates that Meridian Bancorp will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Meridian Bancorp insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.80% of the stock of Meridian Bancorp is held by insiders.Percentage Held by Institutions66.39% of the stock of Meridian Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Meridian Bancorp are expected to decrease by -53.70% in the coming year, from $1.08 to $0.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Meridian Bancorp is 9.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.99.Price to Earnings Ratio vs. SectorThe P/E ratio of Meridian Bancorp is 9.34, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.41.Price to Book Value per Share RatioMeridian Bancorp has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.40 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry National commercial banks Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNASDAQ:EBSB Previous Symbol CUSIP58964Q10 CIK1600125 Webwww.ebsb.com Phone617-567-1500Debt Debt-to-Equity Ratio1.00 Current Ratio1.25 Quick Ratio1.25Price-To-Earnings Trailing P/E Ratio9.34 Forward P/E Ratio10.81 P/E GrowthN/A Sales & Book Value Annual Sales$279.42 million Price / Sales2.19 Cash Flow$1.34 per share Price / Cash Flow8.73 Book Value$13.73 per share Price / Book0.85Profitability EPS (Most Recent Fiscal Year)$1.30 Net Income$67 million Net Margins23.49% Return on Equity9.10% Return on Assets1.02%Miscellaneous Employees462 Outstanding Shares52,402,000Market Cap$611.53 million Next Earnings Date7/28/2020 (Estimated) OptionableOptionable NASDAQ:EBSB Rates by TradingView Receive EBSB News and Ratings via Email Sign-up to receive the latest news and ratings for EBSB and its competitors with MarketBeat's FREE daily newsletter. Meridian Bancorp (NASDAQ:EBSB) Frequently Asked Questions How has Meridian Bancorp's stock been impacted by COVID-19 (Coronavirus)? 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 shares have decreased by 17.3% and is now trading at $11.67. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Meridian Bancorp? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meridian Bancorp in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Meridian Bancorp. When is Meridian Bancorp's next earnings date? Meridian Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Meridian Bancorp. How were Meridian Bancorp's earnings last quarter? Meridian Bancorp Inc (NASDAQ:EBSB) issued its quarterly earnings results on Tuesday, April, 21st. The savings and loans company reported $0.25 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.25 by $0.00. The savings and loans company earned $44.27 million during the quarter, compared to analysts' expectations of $46.94 million. Meridian Bancorp had a return on equity of 9.10% and a net margin of 23.49%. View Meridian Bancorp's earnings history. How often does Meridian Bancorp pay dividends? What is the dividend yield for Meridian Bancorp? Meridian Bancorp announced a quarterly dividend on Thursday, February 27th. Shareholders of record on Thursday, March 19th will be paid a dividend of $0.08 per share on Thursday, April 2nd. This represents a $0.32 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, March 18th. View Meridian Bancorp's dividend history. 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 twelve months. This suggests a possible upside of 50.0% from the stock's current price. View analysts' price targets for Meridian Bancorp. Has Meridian Bancorp been receiving favorable news coverage? Headlines about EBSB stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Meridian Bancorp earned a coverage optimism score of -1.8 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 press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutMeridian Bancorp. Are investors shorting Meridian Bancorp? Meridian Bancorp saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 602,900 shares, a decrease of 22.7% from the April 15th total of 780,400 shares. Based on an average trading volume of 225,800 shares, the short-interest ratio is presently 2.7 days. Approximately 1.3% of the company's shares are short sold. View Meridian Bancorp's Current Options Chain. Who are some of Meridian Bancorp's key competitors? Some companies that are related to Meridian Bancorp include People's United Financial (PBCT), New York Community Bancorp (NYCB), TFS Financial (TFSL), Lendingtree (TREE), Radian Group (RDN), MGIC Investment (MTG), Washington Federal (WAFD), Simply Good Foods (SMPL), Capitol Federal Financial (CFFN), WSFS Financial (WSFS), EverBank Financial (EVER), Northwest Bancshares (NWBI), Walker & Dunlop (WD), OceanFirst Financial (OCFC) and Provident Financial Services (PFS). View all competitors. What other stocks do shareholders of Meridian Bancorp own? 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), Verizon Communications (VZ), Stag Industrial (STAG), Chipotle Mexican Grill (CMG), Dominion Energy (D), General Electric (GE), Altria Group (MO) and Primo Water (PRMW). Who are Meridian Bancorp's key executives? Meridian Bancorp's management team includes the following 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) What is Meridian Bancorp's stock symbol? Meridian Bancorp trades on the NASDAQ under the ticker symbol "EBSB." Who are Meridian Bancorp's major shareholders? Meridian Bancorp's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.49%), State Street Corp (2.22%), Impax Asset Management Group plc (2.19%), JPMorgan Chase & Co. (1.76%), GW&K Investment Management LLC (1.51%) and Geode Capital Management LLC (1.50%). 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. Which institutional investors are selling Meridian Bancorp stock? EBSB stock was sold by a variety of institutional investors in the last quarter, including Cannell Peter B & Co. Inc., Globeflex Capital L P, Martingale Asset Management L P, Morgan Stanley, BlackRock Inc., Russell Investments Group Ltd., First Trust Advisors LP, and Invesco Ltd.. View insider buying and selling activity for Meridian Bancorp. Which institutional investors are buying Meridian Bancorp stock? EBSB stock was purchased by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, Acadian Asset Management LLC, Alliancebernstein L.P., Impax Asset Management Group plc, Monarch Partners Asset Management LLC, Victory Capital Management Inc., Victory Capital Management Inc., and Wolverine Asset Management LLC. 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 activity 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 $11.67. How big of a company is Meridian Bancorp? Meridian Bancorp has a market capitalization of $611.53 million and generates $279.42 million in revenue each year. The savings and loans company earns $67 million in net income (profit) each year or $1.30 on an earnings per share basis. Meridian Bancorp employs 462 workers across the globe. What is Meridian Bancorp's official website? The official website for Meridian Bancorp is 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] This page was last updated on 5/28/2020 by MarketBeat.com Staff
