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

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

Meridian Bancorp declared a quarterly dividend on Monday, December 9th. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.08 per share on Thursday, January 2nd. This represents a $0.32 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, December 18th. This is a boost from Meridian Bancorp's previous quarterly dividend of $0.07. View Meridian Bancorp's Dividend History.

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 for the quarter, missing the Zacks' consensus estimate of $0.30 by $0.01. The savings and loans company earned $45.42 million during the quarter, compared to analysts' expectations 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.

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

3 brokerages have issued 12 month price objectives for Meridian Bancorp's shares. Their forecasts range from $15.00 to $22.00. On average, they expect Meridian Bancorp's stock price to reach $19.00 in the next twelve months. This suggests that the stock has a possible downside of 1.6%. View Analyst Price Targets for Meridian Bancorp.

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

Press coverage about EBSB stock has trended very positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Meridian Bancorp earned a news impact score of 3.9 on InfoTrie's scale. They also gave press coverage about the savings and loans company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Meridian Bancorp.

Meridian Bancorp saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,420,000 shares, a decrease of 5.3% from the December 15th total of 1,500,000 shares. Based on an average daily trading volume, of 159,100 shares, the short-interest ratio is currently 8.9 days. Currently, 3.0% of the shares of the company are short sold. View Meridian Bancorp's Current Options Chain.

Some companies that are related to Meridian Bancorp include People's United Financial (PBCT), TFS Financial (TFSL), New York Community Bancorp (NYCB), Radian Group (RDN), MGIC Investment (MTG), Lendingtree (TREE), Washington Federal (WAFD), Simply Good Foods (SMPL), WSFS Financial (WSFS), Walker & Dunlop (WD), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), Provident Financial Services (PFS), Berkshire Hills Bancorp (BHLB) and Brookline Bancorp (BRKL).

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), Advanced Micro Devices (AMD), Chipotle Mexican Grill (CMG), General Electric (GE), Macquarie Infrastructure (MIC) and Zoetis (ZTS).

Meridian Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.54%), Campbell & CO Investment Adviser LLC (0.02%) and Baystate Wealth Management LLC (0.01%). 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.

EBSB stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc. and Baystate Wealth Management LLC. Company insiders that have sold Meridian Bancorp company stock in the last year include Edward J Merritt and Gregory F Natalucci. View Insider Buying and Selling for Meridian Bancorp.

EBSB stock was bought by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser 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 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 $19.31.

Meridian Bancorp has a market capitalization of $1.03 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 rgavegnan[email protected]