Meridian Bancorp Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meridian Bancorp in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Meridian Bancorp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EBSB, but not buy additional shares or sell existing shares.
View analyst ratings for Meridian Bancorp or view top-rated stocks.

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Meridian Bancorp saw a increase in short interest in June. As of June 30th, there was short interest totaling 1,190,000 shares, an increase of 21.9% from the June 15th total of 976,100 shares. Based on an average daily trading volume, of 385,400 shares, the short-interest ratio is currently 3.1 days. Currently, 2.6% of the company's stock are sold short.
View Meridian Bancorp's Short Interest.

Meridian Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for Meridian Bancorp.

Meridian Bancorp, Inc. (NASDAQ:EBSB) issued its quarterly earnings data on Wednesday, July, 21st. The savings and loans company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.41 by $0.02. Meridian Bancorp had a net margin of 29.73% and a trailing twelve-month return on equity of 9.84%.
View Meridian Bancorp's earnings history.

Meridian Bancorp's stock was trading at $14.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, EBSB shares have increased by 36.7% and is now trading at $19.29.
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Meridian Bancorp announced a quarterly dividend on Thursday, May 27th. Stockholders of record on Thursday, June 17th will be paid a dividend of $0.10 per share on Thursday, July 1st. This represents a $0.40 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, June 16th.
View Meridian Bancorp's dividend history.

Meridian Bancorp pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.12%. Meridian Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Meridian Bancorp is 31.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Meridian Bancorp will have a dividend payout ratio of 27.59% next year. This indicates that Meridian Bancorp will be able to sustain or increase its dividend.
View Meridian Bancorp's dividend history.

6 employees have rated Meridian Bancorp CEO Richard Gavegnano on Glassdoor.com. Richard Gavegnano has an approval rating of 78% among Meridian Bancorp's employees.

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

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 (IDCC), Verizon Communications (VZ), STAG Industrial (STAG), Chipotle Mexican Grill (CMG), Dominion Energy (D), General Electric (GE), Altria Group (MO) and (PRMW).

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

Meridian Bancorp's stock is owned by a number of retail and institutional investors. Top institutional investors include Eukles Asset Management (0.03%).
View institutional ownership trends for Meridian Bancorp.

EBSB stock was bought by a variety of institutional investors in the last quarter, including Eukles Asset Management.
View insider buying and selling activity for Meridian Bancorp or or view top insider-buying stocks.

Shares of EBSB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EBSB stock can currently be purchased for approximately $19.29.

Meridian Bancorp has a market capitalization of $1.01 billion and generates $269.38 million in revenue each year. The savings and loans company earns $65.05 million in net income (profit) each year or $1.29 on an earnings per share basis.

Meridian Bancorp employs 478 workers across the globe.

The official website for Meridian Bancorp is www.ebsb.com.

Meridian Bancorp is headquartered at 67 Prospect Street, Peabody MA, 01960.

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]