S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
NASDAQ:EBSB

Meridian Bancorp Stock Forecast, Price & News

$24.15
0.00 (0.00%)
(As of 11/22/2021)
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Today's Range
$24.15
$24.15
50-Day Range
$19.07
$25.23
52-Week Range
$13.43
$25.72
Volume
2 shs
Average Volume
253,250 shs
Market Capitalization
$1.27 billion
P/E Ratio
15.89
Dividend Yield
1.66%
Beta
1.07
30 days | 90 days | 365 days | Advanced Chart
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Meridian Bancorp logo

About Meridian Bancorp

Meridian Bancorp, Inc. operates as a holding company, which engages in the provision of banking and financial services, through East Boston Savings Bank. It offers banking products such as mobile banking; retirement services; investments; savings and certificates of deposits; personal lending; auto loan; line of credit, and cash management. The company was founded on March 6, 2014 and is headquartered in Peabody, MA.

Headlines

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Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Current Symbol
NASDAQ:EBSB
CUSIP
58964Q10
Employees
501
Year Founded
1848

Sales & Book Value

Annual Sales
$269.38 million
Cash Flow
$1.22 per share
Book Value
$15.47 per share

Profitability

Net Income
$65.05 million
Pretax Margin
42.33%

Debt

Price-To-Earnings

Miscellaneous

Free Float
49,825,000
Market Cap
$1.27 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/20/2021
Dividend Payable
10/05/2021
Last Earnings
10/20/2021
Today
12/01/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/25/2022

Social Links


MarketRank

Overall MarketRank

1.85 out of 5 stars

Finance Sector

773rd out of 1,335 stocks

National Commercial Banks Industry

78th out of 108 stocks

Analyst Opinion: 0.0Community Rank: 4.3Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -












Meridian Bancorp (NASDAQ:EBSB) Frequently Asked Questions

Is Meridian Bancorp a buy right now?

1 Wall Street equities 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 equities 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.

How has Meridian Bancorp's stock been impacted by COVID-19?

Meridian Bancorp's stock was trading at $14.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, EBSB stock has increased by 71.2% and is now trading at $24.15.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Meridian Bancorp?

Meridian Bancorp saw a decrease in short interest during the month of October. As of October 29th, there was short interest totaling 1,150,000 shares, a decrease of 14.8% from the October 14th total of 1,350,000 shares. Based on an average trading volume of 238,400 shares, the days-to-cover ratio is currently 4.8 days. Currently, 2.5% of the shares of the stock are sold short.
View Meridian Bancorp's Short Interest
.

When is Meridian Bancorp's next earnings date?

Meridian Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, January 25th 2022.
View our earnings forecast for Meridian Bancorp
.

How were Meridian Bancorp's earnings last quarter?

Meridian Bancorp, Inc. (NASDAQ:EBSB) announced its quarterly earnings results on Wednesday, October, 20th. The savings and loans company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by $0.03. The savings and loans company had revenue of $49.11 million for the quarter, compared to analyst estimates of $52.38 million. Meridian Bancorp had a trailing twelve-month return on equity of 9.75% and a net margin of 31.56%.
View Meridian Bancorp's earnings history
.

How often does Meridian Bancorp pay dividends? What is the dividend yield for Meridian Bancorp?

Meridian Bancorp declared a quarterly dividend on Tuesday, August 31st. Stockholders of record on Tuesday, September 21st will be given a dividend of $0.10 per share on Tuesday, October 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Monday, September 20th.
View Meridian Bancorp's dividend history
.

Is Meridian Bancorp a good dividend stock?

Meridian Bancorp pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.66%. Meridian Bancorp has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Meridian Bancorp is 26.32%. 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.

Who are Meridian Bancorp's key executives?

Meridian Bancorp's management team includes the following people:
  • Richard J. Gavegnano, Chairman, President & Chief Executive Officer
  • John A. Carroll, Chief Operating Officer & Executive Vice President
  • Kenneth R. Fisher, Chief Financial Officer, Treasurer & Executive VP
  • John Migliozzi, Executive VP-Real Estate Lending
  • Frank P. Romano, Executive Vice President-Corporate Banking

What is Richard Gavegnano's approval rating as Meridian Bancorp's CEO?

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.

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

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (6.94%), Versor Investments LP (6.53%), Dimensional Fund Advisors LP (5.00%), Renaissance Technologies LLC (3.48%), Magnetar Financial LLC (2.18%) and Alliancebernstein L.P. (2.17%).
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 Balyasny Asset Management LLC, Renaissance Technologies LLC, BlackRock Inc., Victory Capital Management Inc., Dimensional Fund Advisors LP, Banc Funds Co. LLC, Hennessy Advisors Inc., and Keebeck Alpha LP.
View insider buying and selling activity for Meridian Bancorp
or view top insider-selling stocks.

Which institutional investors are buying Meridian Bancorp stock?

EBSB stock was bought by a variety of institutional investors in the last quarter, including Versor Investments LP, Assenagon Asset Management S.A., CNH Partners LLC, Goldman Sachs Group Inc., GABELLI & Co INVESTMENT ADVISERS INC., Citadel Advisors LLC, Alliancebernstein L.P., and Tudor Investment Corp Et Al.
View insider buying and selling activity for Meridian Bancorp
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Meridian Bancorp's stock price today?

One share of EBSB stock can currently be purchased for approximately $24.15.

How much money does Meridian Bancorp make?

Meridian Bancorp has a market capitalization of $1.27 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 $1.52 on an earnings per share basis.

How many employees does Meridian Bancorp have?

Meridian Bancorp employs 501 workers across the globe.

When was Meridian Bancorp founded?

Meridian Bancorp was founded in 1848.

What is Meridian Bancorp's official website?

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

Where are Meridian Bancorp's headquarters?

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

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, via email at [email protected], or via fax at 617-569-5681.


This page was last updated on 12/1/2021 by MarketBeat.com Staff

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