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

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$16.99 +0.16 (+0.95 %)
(As of 05/24/2019 04:00 PM ET)
Previous Close$16.99
Today's Range$16.85 - $17.04
52-Week Range$13.67 - $20.30
Volume45,540 shs
Average Volume141,516 shs
Market Capitalization$909.68 million
P/E Ratio16.03
Dividend Yield1.66%
Beta0.53
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.

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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$1.0462 per share
Book Value$12.82 per share

Profitability

Net Income$55.77 million

Miscellaneous

Employees462
Market Cap$909.68 million
Next Earnings Date7/23/2019 (Estimated)
OptionableOptionable

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 declared a quarterly dividend on Friday, March 1st. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.07 per share on Tuesday, April 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Monday, March 18th. View Meridian Bancorp's Dividend History.

How were Meridian Bancorp's earnings last quarter?

Meridian Bancorp Inc (NASDAQ:EBSB) issued its quarterly earnings data on Tuesday, April, 23rd. The savings and loans company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The savings and loans company earned $46.43 million during the quarter, compared to the consensus estimate of $46 million. Meridian Bancorp had a return on equity of 8.70% and a net margin of 23.48%. 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, July 23rd 2019. View Earnings Estimates for Meridian Bancorp.

What price target have analysts set for EBSB?

1 brokers have issued 12 month target prices for Meridian Bancorp's stock. Their forecasts range from $15.00 to $15.00. On average, they anticipate Meridian Bancorp's stock price to reach $15.00 in the next year. This suggests that the stock has a possible downside of 11.7%. View Analyst Price Targets for Meridian Bancorp.

What is the consensus analysts' recommendation for Meridian Bancorp?

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

Has Meridian Bancorp been receiving favorable news coverage?

News headlines about EBSB stock have been trending somewhat positive on Saturday, according to InfoTrie. The research firm identifies negative and positive news coverage by reviewing 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 five, with scores nearest to five being the most favorable. Meridian Bancorp earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave media stories about the savings and loans company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future.

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.23%), Dimensional Fund Advisors LP (5.70%), Renaissance Technologies LLC (3.84%), JPMorgan Chase & Co. (1.89%), Monarch Partners Asset Management LLC (1.74%) and Northern Trust Corp (1.24%). 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, Richard F Fernandez and Thomas J Gunning. 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 BlackRock Inc., FMR LLC, Monarch Partners Asset Management LLC, JPMorgan Chase & Co., Morgan Stanley, Los Angeles Capital Management & Equity Research Inc., Oxford Asset Management LLP and THB Asset Management. 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 institutional investors are buying Meridian Bancorp stock?

EBSB stock was purchased by a variety of institutional investors in the last quarter, including Castine Capital Management LLC, Martingale Asset Management L P, Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC, Acadian Asset Management LLC, Bain Capital Public Equity Management LLC, Dimensional Fund Advisors LP and Context BH Capital Management LP. Company insiders that have bought Meridian Bancorp stock in the last two years include Edward J Merritt, Frank Romano and Thomas J Gunning. 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, Scottrade, Fidelity and Charles Schwab.

What is Meridian Bancorp's stock price today?

One share of EBSB stock can currently be purchased for approximately $16.99.

How big of a company is Meridian Bancorp?

Meridian Bancorp has a market capitalization of $909.68 million 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.

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:  2.0 out of 5 (star star)
Outperform Votes:  152 (Vote Outperform)
Underperform Votes:  230 (Vote Underperform)
Total Votes:  382
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 5/25/2019 by MarketBeat.com Staff

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