Meridian Bancorp Inc, formerly Meridian Interstate Bancorp, Inc., is a mid-tier stock holding company of East Boston Savings Bank (the Bank). The Bank is a state-chartered stock savings bank that operates from 24 full-service locations and two loan centers in the Boston metropolitan area. East Boston Savings Bank operates eight of its full-service locations and a loan center under the name Mt. Washington Bank, a division of East Boston Savings Bank. The Bank offers a variety of deposit and loan products to individuals and businesses located in its primary market, which consists of Suffolk, Middlesex and Essex Counties, Massachusetts. The Bank operates as a community-oriented financial institution offering financial services to consumers and businesses. As of December 31, 2011, Meridian Financial Services, Incorporated owned 59.4% interest of the Company.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Savings & Loans
- Sub-Industry: Thrifts & Mortgage Finance
- Symbol: NASDAQ:EBSB
- CUSIP: 58964Q10
- Web: www.ebsb.com
Capitalization:- Market Cap: $890.41 million
- Outstanding Shares: 50,949,000
Average Prices:- 50 Day Moving Avg: $16.70
- 200 Day Moving Avg: $17.88
- 52 Week Range: $14.67 - $20.55
P/E:- Trailing P/E Ratio: 24.06
- Foreward P/E Ratio: 18.44
- P/E Growth: 1.92
Sales & Book Value:- Annual Revenue: $135.37 million
- Price / Sales: 6.25
- Book Value: $12.09 per share
- Price / Book: 1.37
Dividend:- Annual Dividend: $0.16
- Dividend Yield: 1.0%
Profitability:- Net Margins: 20.81%
- Return on Equity: 5.97%
- Return on Assets: 0.84%
Debt:- Debt-to-Equity Ratio: 0.54%
- Current Ratio: 1.20%
- Quick Ratio: 1.20%
Misc:- Average Volume: 154,392 shs.
- Beta: 0.26
- Short Ratio: 2.59
Frequently Asked Questions for Meridian Bancorp (NASDAQ:EBSB)
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 Friday, June 2nd. Stockholders of record on Wednesday, June 21st will be given a dividend of $0.04 per share on Wednesday, July 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Monday, June 19th. View Meridian Bancorp's Dividend History.
How were Meridian Bancorp's earnings last quarter?
Meridian Bancorp, Inc. (NASDAQ:EBSB) posted its earnings results on Tuesday, January, 24th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The firm had revenue of $39.03 million for the quarter. Meridian Bancorp had a net margin of 20.81% and a return on equity of 5.97%. View Meridian Bancorp's Earnings History.
Where is Meridian Bancorp's stock going? Where will Meridian Bancorp's stock price be in 2017?
3 brokers have issued 12 month price targets for Meridian Bancorp's stock. Their predictions range from $19.00 to $20.00. On average, they anticipate Meridian Bancorp's share price to reach $19.67 in the next year. View Analyst Ratings for Meridian Bancorp.
Who are some of Meridian Bancorp's key competitors?
Some companies that are related to Meridian Bancorp include Nationstar Mortgage Holdings (NSM), The Carlyle Group L.P. (CG), Genworth Financial (GNW), Ameris Bancorp (ABCB), BancFirst Corporation (BANF), OneBeacon Insurance Group (OB), First Financial Bancorp. (FFBC), Waddell & Reed Financial (WDR), Flagstar Bancorp (FBC), Provident Financial Services (PFS), OM Asset Management PLC (OMAM), Washington Prime Group (WPG), Simmons First National Corporation (SFNC), Apollo Commercial Real Estate Finance (ARI), MGM Growth Properties LLC (MGP), WesBanco (WSBC), The Navigators Group (NAVG) and First Interstate BancSystem (FIBK).
Who owns Meridian Bancorp stock?
Meridian Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Thomson Horstmann & Bryant Inc. (0.70%), Bank of Montreal Can (0.03%), Kessler Investment Group LLC (0.01%) and Baystate Wealth Management LLC (0.01%). Company insiders that own Meridian Bancorp stock include Edward J Merritt, Gregory F Natalucci, James G Sartori, Richard F Fernandez and Thomas J Gunning. View Institutional Ownership Trends for Meridian Bancorp.
Who sold Meridian Bancorp stock? Who is selling Meridian Bancorp stock?
Meridian Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can. Company insiders that have sold Meridian Bancorp stock in the last year include Gregory F Natalucci, James G Sartori and Richard F Fernandez. View Insider Buying and Selling for Meridian Bancorp.
Who bought Meridian Bancorp stock? Who is buying Meridian Bancorp stock?
Meridian Bancorp's stock was bought by a variety of institutional investors in the last quarter, including Thomson Horstmann & Bryant Inc. and Baystate Wealth Management LLC. Company insiders that have bought Meridian Bancorp stock in the last two years include Edward J Merritt and Thomas J Gunning. View Insider Buying and Selling for Meridian Bancorp.
How do I buy Meridian Bancorp stock?
Shares of Meridian Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Meridian Bancorp's stock price today?
One share of Meridian Bancorp stock can currently be purchased for approximately $16.60.
MarketBeat Community Rating for Meridian Bancorp (NASDAQ EBSB)MarketBeat's community ratings are surveys of what our community members think about Meridian Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Meridian Bancorp (NASDAQ:EBSB) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Hold Ratings, 1 Buy Rating |
| Consensus Rating: | Hold (Score: 2.33) |
| Consensus Price Target: | $19.67 (18.47% upside) |
Analysts' Ratings History for Meridian Bancorp (NASDAQ:EBSB)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/26/2017 | Compass Point | Upgrade | Neutral -> Buy | $19.00 | Medium |  |
| 4/5/2017 | Keefe, Bruyette & Woods | Reiterated Rating | Hold | $20.00 | Medium | |
| 2/7/2017 | Piper Jaffray Companies | Boost Price Target | Neutral | $17.00 -> $20.00 | N/A | |
| 9/30/2015 | Hovde Group | Initiated Coverage | Market Perform | $15.25 | N/A | |
(Data available from 7/23/2015 forward)
Earnings History for Meridian Bancorp (NASDAQ:EBSB)Earnings History by Quarter for Meridian Bancorp (NASDAQ EBSB)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 1/24/2017 | Q4 2016 | $0.18 | $0.22 | | $39.03 million | View | N/A | |
| 10/25/2016 | Q3 | $0.15 | $0.18 | | $34.60 million | View | N/A | |
| 7/26/2016 | Q2 | $0.14 | $0.11 | | $32.04 million | View | N/A | |
| 4/26/2016 | Q1 | $0.12 | $0.14 | | $31.07 million | View | N/A | |
| 1/26/2016 | Q4 | $0.12 | $0.13 | | $30.01 million | View | N/A | |
| 4/28/2015 | Q3 | $0.12 | $0.11 | $26.12 million | $27.74 million | View | N/A | |
| 1/26/2015 | Q4 2014 | $0.07 | $0.11 | $25.45 million | $27.95 million | View | N/A | |
| 10/28/2014 | Q3 2014 | $0.06 | $0.11 | $24.31 million | $26.41 million | View | N/A | |
| 7/22/2014 | Q2 14 | $0.14 | $0.25 | $23.84 million | $25.28 million | View | N/A | |
| 1/28/2014 | Q4 13 | $0.11 | $0.18 | | | View | N/A | |
| 1/22/2013 | Q4 2012 | $0.10 | $0.10 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Meridian Bancorp (NASDAQ:EBSB)2017 EPS Consensus Estimate: $0.61
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.15 | $0.15 | $0.15 |
| Q2 2017 | 1 | $0.15 | $0.15 | $0.15 |
| Q3 2017 | 1 | $0.15 | $0.15 | $0.15 |
| Q4 2017 | 1 | $0.16 | $0.16 | $0.16 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Meridian Bancorp (NASDAQ:EBSB)| Most Recent Dividend: | 7/5/2017 |
| Annual Dividend: | $0.16 |
| Dividend Yield: | 0.96% |
| Payout Ratio: | 23.19% (Trailing 12 Months of Earnings)
21.62% (Based on This Year's Estimates)
17.78% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Meridian Bancorp (NASDAQ EBSB)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 6/2/2017 | quarterly | $0.04 | 0.97% | 6/19/2017 | 6/21/2017 | 7/5/2017 |
| 3/3/2017 | quarterly | $0.04 | 0.84% | 3/17/2017 | 3/21/2017 | 4/4/2017 |
| 12/2/2016 | quarterly | $0.03 | 0.67% | 12/16/2016 | 12/20/2016 | 1/3/2017 |
| 9/2/2016 | quarterly | $0.03 | 0.77% | 9/15/2016 | 9/19/2016 | 10/3/2016 |
| 6/2/2016 | quarterly | $0.03 | 0.79% | 6/15/2016 | 6/17/2016 | 7/1/2016 |
| 3/3/2016 | quarterly | $0.03 | 0.85% | 3/18/2016 | 3/22/2016 | 4/5/2016 |
| 12/10/2015 | quarterly | $0.03 | 0.84% | 12/21/2015 | 12/23/2015 | 1/6/2016 |
| 8/28/2015 | special | $0.03 | | 9/15/2015 | 9/17/2015 | 10/1/2015 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Meridian Bancorp (NASDAQ:EBSB)Insider Ownership Percentage: 5.10%
Institutional Ownership Percentage: 65.51%
Insider Trades by Quarter for Meridian Bancorp (NASDAQ:EBSB)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 2/28/2017 | Gregory F. Natalucci | Director | Sell | 4,600 | $18.91 | $86,986.00 | |
| 2/23/2017 | James G. Sartori | Director | Sell | 8,216 | $19.19 | $157,665.04 | |
| 2/22/2017 | James G. Sartori | Director | Sell | 8,835 | $19.31 | $170,603.85 | |
| 11/9/2016 | Richard F. Fernandez | Director | Sell | 10,000 | $16.20 | $162,000.00 | |
| 10/31/2016 | James G. Sartori | Director | Sell | 16,837 | $16.00 | $269,392.00 | |
| 5/31/2016 | Thomas J Gunning | Director | Buy | 335 | $14.97 | $5,014.95 | |
| 5/6/2016 | James G Sartori | Director | Sell | 1,625 | $13.42 | $21,807.50 | |
| 1/29/2016 | Edward J. Merritt | EVP | Buy | 42 | $13.69 | $574.98 | |
| 5/1/2015 | James G Sartori | Director | Sell | 1,224 | $12.87 | $15,752.88 | |
| 12/1/2014 | Richard F Fernandez | Director | Buy | 3,000 | $10.90 | $32,700.00 | |
| 11/19/2014 | Richard F Fernandez | Director | Buy | 1,000 | $11.13 | $11,130.00 | |
| 11/13/2014 | Richard F Fernandez | Director | Buy | 10,000 | $11.54 | $115,400.00 | |
| 11/11/2014 | Richard F Fernandez | Director | Buy | 5,000 | $11.46 | $57,300.00 | |
| 10/31/2014 | James G Sartori | Director | Buy | 6,032 | $11.25 | $67,860.00 | |
| 9/9/2014 | Richard F Fernandez | Director | Buy | 1,000 | $10.74 | $10,740.00 | |
| 8/27/2014 | Richard F Fernandez | Director | Buy | 2,000 | $10.76 | $21,520.00 | |
| 7/29/2014 | James G Sartori | Director | Buy | 3,000 | $10.48 | $31,440.00 | |
| 7/29/2013 | Vincent D Basile | Director | Sell | 1,000 | $20.50 | $20,500.00 | |
| 5/28/2013 | Vincent D Basile | Director | Sell | 2,000 | $18.22 | $36,440.00 | |
| 4/30/2013 | Carl Lagreca | Director | Buy | 2,000 | $18.28 | $36,560.00 | |
| 2/28/2013 | Edward J Merritt | EVP | Buy | 1,793 | $18.40 | $32,991.20 | |
| 12/7/2012 | Richard F Fernandez | Director | Buy | 1,500 | $16.32 | $24,480.00 | |
| 11/30/2012 | Domenic A Gambardella | Director | Buy | 1,500 | $16.49 | $24,735.00 | |
| 8/10/2012 | Richard F Fernandez | Director | Buy | 1,000 | $15.53 | $15,530.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Meridian Bancorp (NASDAQ:EBSB)
Latest Headlines for Meridian Bancorp (NASDAQ:EBSB)
| Source: |
|
| Date | Headline |
|---|
 | Meridian Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : EBSB-US : July 21, 2017
finance.yahoo.com - July 21 at 7:58 PM |
 | Clifton Bancorp (CSBK) & Meridian Bancorp (NASDAQ:EBSB) Financial Review
www.americanbankingnews.com - July 18 at 10:30 AM |
| Financial Analysis: Investors Bancorp (ISBC) and Meridian Bancorp (EBSB)
www.americanbankingnews.com - July 7 at 8:09 AM |
| Contrasting Meridian Bancorp (NASDAQ:EBSB) & Investors Bancorp (ISBC)
www.americanbankingnews.com - July 6 at 12:32 AM |
| Meridian Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : EBSB-US : July 3, 2017
finance.yahoo.com - July 3 at 5:59 PM |
| Clifton Bancorp (CSBK) vs. Meridian Bancorp (EBSB) Financial Comparison
www.americanbankingnews.com - June 29 at 2:38 PM |
| Meridian Bancorp, Inc. (EBSB) Raised to Buy at Compass Point
www.americanbankingnews.com - June 26 at 7:34 PM |
 | Meridian Interstate Bancorp (EBSB), Meetinghouse Bancorp Announce Merger Agreement
www.streetinsider.com - June 26 at 5:47 PM |
| Meridian Bancorp, Inc. and Meetinghouse Bancorp, Inc. Announce Merger Agreement
finance.yahoo.com - June 26 at 5:47 PM |
| Meridian Bancorp, Inc. : EBSB-US: Dividend Analysis : June 21st, 2017 (record date) : By the numbers : June 20, 2017
finance.yahoo.com - June 20 at 5:35 PM |
| Head to Head Survey: Kearny Financial (KRNY) & Meridian Bancorp (EBSB)
www.americanbankingnews.com - June 19 at 10:30 PM |
| ETFs with exposure to Meridian Bancorp, Inc. : June 13, 2017
finance.yahoo.com - June 13 at 4:32 PM |
| Meridian Bancorp, Inc. :EBSB-US: Earnings Analysis: Q1, 2017 By the Numbers : June 12, 2017
finance.yahoo.com - June 12 at 5:46 PM |
| $0.18 Earnings Per Share Expected for Meridian Bancorp, Inc. (EBSB) This Quarter
www.americanbankingnews.com - June 8 at 4:34 PM |
| Meridian Bancorp, Inc. (EBSB) Plans Quarterly Dividend of $0.04
www.americanbankingnews.com - June 2 at 6:30 PM |
| Meridian Bancorp, Inc. (EBSB) Short Interest Up 0.2% in April
www.americanbankingnews.com - May 16 at 7:26 AM |
| Zacks: Analysts Anticipate Meridian Bancorp, Inc. (EBSB) Will Announce Earnings of $0.18 Per Share
www.americanbankingnews.com - May 12 at 2:18 PM |
| Meridian Bancorp (EBSB) Receiving Favorable Press Coverage, Report Shows
www.americanbankingnews.com - May 4 at 1:11 AM |
| Meridian Bancorp (EBSB) Given Media Sentiment Rating of 0.31
www.americanbankingnews.com - April 30 at 1:53 PM |
| Meridian Bancorp (EBSB) Earning Somewhat Positive Media Coverage, Analysis Finds
www.americanbankingnews.com - April 25 at 8:26 PM |
| Meridian Bancorp, Inc. Reports Record First Quarter Net Income
finance.yahoo.com - April 25 at 4:33 PM |
| Meridian Bancorp, Inc. (EBSB) Expected to Announce Earnings of $0.20 Per Share
www.americanbankingnews.com - April 21 at 9:10 PM |
| Meridian Bancorp (EBSB) Earning Somewhat Positive Press Coverage, Study Finds
www.americanbankingnews.com - April 21 at 7:34 PM |
| Meridian Bancorp, Inc. breached its 50 day moving average in a Bullish Manner : EBSB-US : April 21, 2017
finance.yahoo.com - April 21 at 12:08 PM |
| Meridian Bancorp (EBSB) Receives Daily Media Sentiment Score of -0.35
www.americanbankingnews.com - April 15 at 9:45 AM |
| Meridian Bancorp, Inc. : EBSB-US: Dividend Analysis : March 21st, 2017 (record date) : By the numbers : April 7, 2017
finance.yahoo.com - April 7 at 4:51 PM |
| Meridian Bancorp, Inc. (EBSB) Rating Reiterated by Keefe, Bruyette & Woods
www.americanbankingnews.com - April 5 at 10:30 PM |
| Zacks: Analysts Set $20.00 Target Price for Meridian Bancorp, Inc. (EBSB)
www.americanbankingnews.com - March 29 at 12:31 PM |
 | Ex-Dividend Reminder: Caleres, Meridian Bancorp and Sabre
www.nasdaq.com - March 15 at 3:15 PM |
 | 4:09 pm Meridian Interstate Bancorp raises quarterly dividend to $0.04/share from $0.03/share prior
us.rd.yahoo.com - March 2 at 10:08 PM |
| Meridian Bancorp, Inc. Announces 33% Increase in Quarterly Dividend
finance.yahoo.com - March 2 at 5:06 PM |
| MERIDIAN BANCORP, INC. Files SEC form 10-K, Annual Report
biz.yahoo.com - March 1 at 4:35 PM |
| Meridian Bancorp, Inc. Reports Record Net Income for the Fourth Quarter And Year Ended December 31, 2016
us.rd.yahoo.com - January 24 at 5:31 PM |
| Meridian Bancorp, Inc. Reports Record Net Income for the Fourth Quarter And Year Ended December 31, 2016
us.rd.yahoo.com - January 24 at 5:31 PM |
| MERIDIAN BANCORP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex
us.rd.yahoo.com - January 24 at 5:31 PM |
| MERIDIAN BANCORP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex
us.rd.yahoo.com - January 24 at 5:31 PM |
| Meridian Bancorp, Inc. Announces Quarterly Dividend
finance.yahoo.com - December 1 at 4:59 PM |
| MERIDIAN BANCORP, INC. Financials
finance.yahoo.com - November 16 at 4:52 PM |
| MERIDIAN BANCORP, INC. Files SEC form 10-Q, Quarterly Report
biz.yahoo.com - November 4 at 9:44 PM |
| Meridian Bancorp, Inc. Reports Net Income for the Second Quarter And Six ...
www.nasdaq.com - July 27 at 9:29 AM |
| Meridian Bancorp, Inc. Reports Net Income for the First Quarter Ended March 31, 2016
finance.yahoo.com - April 26 at 4:05 PM |
 | Forget food trucks. This bank is building a branch on wheels.
www.bizjournals.com - March 9 at 2:33 PM |
Meridian Bancorp (EBSB) Chart for Sunday, July, 23, 2017
