About Meridian Bancorp (NASDAQ:EBSB)
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 Essex, Middlesex, Norfolk, and Suffolk 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. As of March 1, 2018, the company operated 33 full-service locations, as well 1 mobile branch and 3 loan centers. Meridian Bancorp, Inc. was founded in 1848 and is headquartered in Peabody, Massachusetts.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNASDAQ:EBSB
CUSIP58964Q10
Phone617-567-1500
Debt
Debt-to-Equity Ratio0.79%
Current Ratio1.23%
Quick Ratio1.23%
Price-To-Earnings
Trailing P/E Ratio19.68
Forward P/E Ratio16.61
P/E GrowthN/A
Sales & Book Value
Annual Sales$208.17 million
Price / Sales4.83
Cash Flow$0.8708 per share
Price / Cash21.36
Book Value$11.96 per share
Price / Book1.56
Profitability
EPS (Most Recent Fiscal Year)$0.95
Net Income$42.94 million
Net Margins21.09%
Return on Equity8.26%
Return on Assets1.04%
Miscellaneous
Employees538
Outstanding Shares54,070,000
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 2nd. Investors of record on Tuesday, March 20th will be given a dividend of $0.05 per share on Tuesday, April 3rd. This represents a $0.20 annualized dividend and a yield of 1.08%. The ex-dividend date is Monday, March 19th. View Meridian Bancorp's Dividend History.
How were Meridian Bancorp's earnings last quarter?
Meridian Bancorp (NASDAQ:EBSB) posted its quarterly earnings results on Tuesday, January, 24th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.18 by $0.04. The savings and loans company earned $39.03 million during the quarter. Meridian Bancorp had a net margin of 21.09% and a return on equity of 8.26%. View Meridian Bancorp's Earnings History.
What price target have analysts set for EBSB?
3 analysts have issued 12 month target prices for Meridian Bancorp's stock. Their forecasts range from $19.00 to $24.00. On average, they anticipate Meridian Bancorp's stock price to reach $21.50 in the next twelve months. View Analyst Ratings for Meridian Bancorp.
Who are some of Meridian Bancorp's key competitors?
Some companies that are related to Meridian Bancorp include FNB (FNB), TCF Financial (TCF), Valley National Bank (VLY), UMB Financial (UMBF), MB Financial (MBFI), Fulton Financial (FULT), Community Bank, N.A. (CBU), Simmons First National (SFNC), Washington Federal (WAFD), Old National Bancorp (ONB), First Midwest Bancorp (FMBI), FCB Financial (FCB), Cadence Bancorp (CADE), Bank of Hope (HOPE) and CenterState Bank (CSFL).
Who are Meridian Bancorp's key executives?
Meridian Bancorp's management team includes the folowing people:
- Mr. Richard J. Gavegnano, Chairman, Pres & CEO (Age 70)
- Mr. Mark L. Abbate CPA, Exec. VP, CFO & Treasurer (Age 62)
- Mr. John Migliozzi, Exec. VP of Lending (Age 60)
- Mr. Edward J. Merritt, EVP of Bus. Devel. & Community Relations, Corp. Sec. & Director (Age 58)
- Mr. Frank P. Romano, Exec. VP of Corp. Banking (Age 63)
Has Meridian Bancorp been receiving favorable news coverage?
Press coverage about EBSB stock has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Meridian Bancorp earned a daily sentiment score of 0.11 on Accern's scale. They also gave media coverage about the savings and loans company an impact score of 47.48 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
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 $18.60.
How big of a company is Meridian Bancorp?
Meridian Bancorp has a market capitalization of $1.09 billion and generates $208.17 million in revenue each year. The savings and loans company earns $42.94 million in net income (profit) each year or $0.95 on an earnings per share basis. Meridian Bancorp employs 538 workers across the globe.
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 (EBSB)
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.
Meridian Bancorp (NASDAQ:EBSB) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for Meridian Bancorp in the last 12 months. Their average twelve-month price target is $21.50, suggesting that the stock has a possible upside of 15.59%. The high price target for EBSB is $24.00 and the low price target for EBSB is $19.00. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.33 | 2.33 | 2.33 | 2.33 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $21.50 | $21.50 | $21.00 | $19.3333 |
| Price Target Upside: | 15.59% upside | 0.94% upside | 1.41% downside | 9.85% upside |
Meridian Bancorp (NASDAQ:EBSB) Consensus Price Target History
Meridian Bancorp (NASDAQ:EBSB) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
Meridian Bancorp (NASDAQ:EBSB) Dividend Information
Meridian Bancorp pays an annual dividend of $0.20 per share, with a dividend yield of 1.08%. EBSB's most recent quarterly dividend payment was Tuesday, April 3. Meridian Bancorp pays out 21.05% of its earnings out as a dividend.
| Most Recent Dividend: | 4/3/2018 |
| Annual Dividend: | $0.20 |
| Dividend Yield: | 1.08% |
| Payout Ratio: | 21.05% (Trailing 12 Months of Earnings)
17.86% (Based on This Year's Estimates)
15.63% (Based on Next Year's Estimates)
|
Meridian Bancorp (NASDAQ:EBSB) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/2/2018 | quarterly | $0.05 | 0.99% | 3/19/2018 | 3/20/2018 | 4/3/2018 |
| 12/4/2017 | quarterly | $0.05 | 0.97% | 12/18/2017 | 12/19/2017 | 1/2/2018 |
| 9/5/2017 | quarterly | $0.04 | 0.91% | 9/18/2017 | 9/19/2017 | 10/3/2017 |
| 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)
Meridian Bancorp (NASDAQ EBSB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.10%
Institutional Ownership Percentage: 67.13%
Meridian Bancorp (NASDAQ EBSB) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/1/2018 | James G Sartori | Director | Sell | 896 | $20.21 | $18,108.16 | |  |
| 1/29/2018 | Gregory F Natalucci | Director | Sell | 7,000 | $20.70 | $144,900.00 | | |
| 1/26/2018 | Edward J Merritt | EVP | Buy | 97 | $20.70 | $2,007.90 | | |
| 1/26/2018 | James G Sartori | Director | Sell | 15,146 | $20.61 | $312,159.06 | | |
| 12/4/2017 | Anna R Dimaria | Director | Sell | 14,690 | $20.16 | $296,150.40 | | |
| 11/27/2017 | Marilyn A Censullo | Director | Sell | 11,929 | $19.95 | $237,983.55 | | |
| 11/16/2017 | Richard F Fernandez | Director | Sell | 14,801 | $19.75 | $292,319.75 | | |
| 11/8/2017 | Thomas J Gunning | Director | Buy | 430 | $18.95 | $8,148.50 | | |
| 8/9/2017 | James G. Sartori | Director | Sell | 1,500 | $17.36 | $26,040.00 | | |
| 8/3/2017 | Frank Romano | EVP | Buy | 3,785 | $17.69 | $66,956.65 | | |
| 7/28/2017 | James G. Sartori | Director | Sell | 8,324 | $17.46 | $145,337.04 | | |
| 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 | 27,958 | |
| 5/6/2016 | James G Sartori | Director | Sell | 1,625 | $13.42 | $21,807.50 | 29,474 | |
| 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)
Meridian Bancorp (NASDAQ EBSB) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Meridian Bancorp: 1Q Earnings Snapshot
finance.yahoo.com - April 25 at 10:03 AM |
| Meridian Bancorp, Inc. Reports Record Net Income for the First Quarter Ended March 31, 2018
finance.yahoo.com - April 24 at 4:19 PM |
 | Zacks: Brokerages Anticipate Meridian Bancorp (EBSB) Will Announce Earnings of $0.25 Per Share
www.americanbankingnews.com - April 24 at 11:11 AM |
| Meridian Bancorp (EBSB) and Its Competitors Financial Analysis
www.americanbankingnews.com - April 21 at 7:54 AM |
| With 25.61% Earnings Growth, Did Meridian Bancorp Inc (NASDAQ:EBSB) Outperform The Industry?
finance.yahoo.com - April 18 at 9:54 AM |
| Meridian Bancorp (EBSB) Downgraded to Strong Sell at BidaskClub
www.americanbankingnews.com - April 16 at 6:31 PM |
| Meridian Bancorp (EBSB) Set to Announce Earnings on Monday
www.americanbankingnews.com - April 16 at 2:17 AM |
| Meridian Bancorp (EBSB) Rating Reiterated by Piper Jaffray
www.americanbankingnews.com - April 15 at 11:42 PM |
| Meridian Bancorp (EBSB) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - April 14 at 9:28 PM |
 | Meridian Bancorp: Not Cheap But Earning Its Premium Price Tag
seekingalpha.com - April 14 at 10:05 AM |
| Meridian Bancorp (EBSB) Expected to Announce Earnings of $0.25 Per Share
www.americanbankingnews.com - April 7 at 1:26 PM |
| Zacks: Analysts Set $21.50 Target Price for Meridian Bancorp, Inc. (EBSB)
www.americanbankingnews.com - March 30 at 5:28 AM |
| Meridian Bancorp (EBSB) Cut to Sell at BidaskClub
www.americanbankingnews.com - March 26 at 2:30 PM |
| Meridian Bancorp, Inc. (EBSB) Given $21.50 Consensus Target Price by Brokerages
www.americanbankingnews.com - March 26 at 1:32 AM |
| BidaskClub Upgrades Meridian Bancorp (EBSB) to Hold
www.americanbankingnews.com - March 25 at 9:31 AM |
| Meridian Bancorp (EBSB) Rating Increased to Hold at BidaskClub
www.americanbankingnews.com - March 23 at 11:22 PM |
| Analysts Anticipate Meridian Bancorp, Inc. (EBSB) to Post $0.25 Earnings Per Share
www.americanbankingnews.com - March 19 at 5:16 PM |
| Meridian Bancorp (EBSB) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - March 14 at 7:51 PM |
| Zacks: Meridian Bancorp, Inc. (EBSB) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - March 14 at 5:22 AM |
| Did Meridian Bancorp Inc (NASDAQ:EBSB) Create Value For Shareholders?
finance.yahoo.com - March 10 at 10:09 AM |
| Meridian Bancorp, Inc. (EBSB) Expected to Announce Earnings of $0.25 Per Share
www.americanbankingnews.com - March 4 at 10:06 AM |
| Meridian Bancorp, Inc. (EBSB) to Issue $0.05 Quarterly Dividend
www.americanbankingnews.com - March 2 at 6:30 PM |
| Meridian Bancorp Inc (EBSB) Files 10-K for the Fiscal Year Ended on December 31, 2017
finance.yahoo.com - March 2 at 9:45 AM |
| Meridian Bancorp, Inc. (EBSB) Shares Sold by Citadel Advisors LLC
www.americanbankingnews.com - March 2 at 5:42 AM |
| Meridian Bancorp, Inc. Announces Quarterly Dividend
finance.yahoo.com - March 1 at 4:27 PM |
| Meridian Bancorp, Inc. (EBSB) Stake Lessened by Cortina Asset Management LLC
www.americanbankingnews.com - February 28 at 1:27 PM |
| Brokerages Set $21.50 Target Price for Meridian Bancorp, Inc. (EBSB)
www.americanbankingnews.com - February 26 at 1:22 PM |
| Brokerages Expect Meridian Bancorp, Inc. (EBSB) to Announce $0.25 EPS
www.americanbankingnews.com - February 21 at 10:31 AM |
 | Emerging Leaders: A discussion about baseball, the future of Century II
www.bizjournals.com - February 15 at 4:16 PM |
| Zacks: Brokerages Set $21.50 Target Price for Meridian Bancorp, Inc. (EBSB)
www.americanbankingnews.com - February 6 at 1:19 PM |
| Meridian Bancorp, Inc. (EBSB) Director Sells $18,108.16 in Stock
www.americanbankingnews.com - February 1 at 6:44 PM |
| Meridian Bancorp, Inc. (EBSB) Director Gregory F. Natalucci Sells 7,000 Shares
www.americanbankingnews.com - January 29 at 6:32 PM |
| James G. Sartori Sells 15,146 Shares of Meridian Bancorp, Inc. (EBSB) Stock
www.americanbankingnews.com - January 29 at 6:32 PM |
| $0.23 EPS Expected for Meridian Bancorp, Inc. (EBSB) This Quarter
www.americanbankingnews.com - January 29 at 5:12 PM |
| Meridian Bancorp's (EBSB) Hold Rating Reiterated at Keefe, Bruyette & Woods
www.americanbankingnews.com - January 25 at 12:16 PM |
| Meridian Bancorp posts 4Q profit
finance.yahoo.com - January 24 at 9:15 AM |
| Meridian Bancorp, Inc. Reports Net Income for the Fourth Quarter and Year Ended December 31, 2017
finance.yahoo.com - January 23 at 4:23 PM |
| Should You Be Tempted To Sell Meridian Bancorp Inc (NASDAQ:EBSB) Because Of Its PE Ratio?
finance.yahoo.com - January 22 at 5:30 PM |
| Zacks: Meridian Bancorp, Inc. (EBSB) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - January 19 at 3:14 PM |
| Meridian Bancorp (EBSB) Scheduled to Post Quarterly Earnings on Monday
www.americanbankingnews.com - January 15 at 2:40 AM |
| Analysts Expect Meridian Bancorp, Inc. (EBSB) Will Post Earnings of $0.24 Per Share
www.americanbankingnews.com - January 12 at 7:34 PM |
| Zacks: Analysts Set $20.00 Price Target for Meridian Bancorp, Inc. (EBSB)
www.americanbankingnews.com - January 4 at 7:52 AM |
| Meridian Bancorp, Inc. and East Boston Savings Bank Announce Their 2018 Commitment to Their Employees, Infrastructure and Charitable Giving
finance.yahoo.com - January 3 at 9:25 AM |
| Meridian Bancorp, Inc. Announces Completion of Meetinghouse Bancorp, Inc. Acquisition
finance.yahoo.com - January 2 at 9:59 AM |
| Zacks: Brokerages Set $20.00 Target Price for Meridian Bancorp, Inc. (EBSB)
www.americanbankingnews.com - December 30 at 9:16 PM |
| Meridian Bancorp (EBSB) Lifted to Buy at BidaskClub
www.americanbankingnews.com - December 30 at 2:54 PM |
| ETFs with exposure to Meridian Bancorp, Inc. : December 28, 2017
finance.yahoo.com - December 28 at 4:34 PM |
| Zacks: Brokerages Anticipate Meridian Bancorp, Inc. (EBSB) Will Post Earnings of $0.24 Per Share
www.americanbankingnews.com - December 27 at 5:32 AM |
| Meridian Bancorp (EBSB) Receives Hold Rating from Keefe, Bruyette & Woods
www.americanbankingnews.com - December 23 at 10:30 AM |
| Meridian Bancorp, Inc. : EBSB-US: Dividend Analysis : December 19th, 2017 (record date) : By the numbers : December 21, 2017
finance.yahoo.com - December 21 at 4:50 PM |
Meridian Bancorp (NASDAQ:EBSB) SEC Filings
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Meridian Bancorp (NASDAQ:EBSB) Income Statement, Balance Sheet and Cash Flow Statement
Meridian Bancorp (NASDAQ EBSB) Stock Chart for Thursday, April, 26, 2018
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