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

$17.82
+0.10 (+0.56 %)
(As of 06/16/2019 04:00 PM ET)
Today's Range
$17.70
Now: $17.82
$17.88
50-Day Range
$16.82
MA: $17.28
$17.77
52-Week Range
$13.67
Now: $17.82
$20.30
Volume74,772 shs
Average Volume108,748 shs
Market Capitalization$954.08 million
P/E Ratio16.81
Dividend Yield1.57%
Beta0.5
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 Suffolk, Norfolk, Middlesex and Essex 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. Read More…

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:EBSB
CUSIP58964Q10
Phone617-567-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$236.68 million
Cash Flow$1.0677 per share
Book Value$12.46 per share

Profitability

Net Income$55.77 million

Miscellaneous

Employees462
Market Cap$954.08 million
Next Earnings Date7/23/2019 (Estimated)
OptionableOptionable

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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, May 31st. Investors of record on Tuesday, June 18th will be paid a dividend of $0.07 per share on Tuesday, July 2nd. This represents a $0.28 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Monday, June 17th. View Meridian Bancorp's Dividend History.

How were Meridian Bancorp's earnings last quarter?

Meridian Bancorp Inc (NASDAQ:EBSB) issued its quarterly earnings results on Tuesday, April, 23rd. The savings and loans company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The savings and loans company had revenue of $46.43 million for the quarter, compared to analysts' expectations of $46 million. Meridian Bancorp had a return on equity of 8.70% and a net margin of 23.48%. View Meridian Bancorp's Earnings History.

When is Meridian Bancorp's next earnings date?

Meridian Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, July 23rd 2019. View Earnings Estimates for Meridian Bancorp.

What price target have analysts set for EBSB?

1 Wall Street analysts have issued 12-month target prices for Meridian Bancorp's stock. Their forecasts range from $15.00 to $15.00. On average, they anticipate Meridian Bancorp's share price to reach $15.00 in the next twelve months. This suggests that the stock has a possible downside of 15.8%. View Analyst Price Targets for Meridian Bancorp.

What is the consensus analysts' recommendation for Meridian Bancorp?

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

Has Meridian Bancorp been receiving favorable news coverage?

News headlines about EBSB stock have been trending somewhat positive recently, according to InfoTrie. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Meridian Bancorp earned a coverage optimism score of 1.2 on InfoTrie's scale. They also gave media stories about the savings and loans company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Meridian Bancorp.

Who are some of Meridian Bancorp's key competitors?

What other stocks do shareholders of Meridian Bancorp own?

Who are Meridian Bancorp's key executives?

Meridian Bancorp's management team includes the folowing people:
  • Mr. Richard J. Gavegnano, Chairman, Pres & CEO (Age 71)
  • Mark L. Abbate, Exec. VP, Treasurer & CFO (Age 63)
  • Mr. Frank P. Romano, Exec. VP of Corp. Banking - East Boston Savings Bank (Age 64)
  • Mr. Edward J. Merritt, Sec. & Director (Age 59)
  • Mr. John Migliozzi, Exec. VP of Lending - East Boston Savings Bank (Age 61)

Who are Meridian Bancorp's major shareholders?

Meridian Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (1.89%), Monarch Partners Asset Management LLC (1.74%), THB Asset Management (0.86%), Hennessy Advisors Inc. (0.74%), Castine Capital Management LLC (0.62%) and Martingale Asset Management L P (0.43%). Company insiders that own Meridian Bancorp stock include Anna R Dimaria, Edward J Merritt, Frank Romano, Gregory F Natalucci, James G Sartori, Marilyn A Censullo, Richard F Fernandez and Thomas J Gunning. 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 FMR LLC, Monarch Partners Asset Management LLC, JPMorgan Chase & Co., Los Angeles Capital Management & Equity Research Inc., THB Asset Management, ClariVest Asset Management LLC, TD Asset Management Inc. and American International Group Inc.. Company insiders that have sold Meridian Bancorp company stock in the last year include Edward J Merritt, Gregory F Natalucci and James G Sartori. View Insider Buying and Selling for Meridian Bancorp.

Which institutional investors are buying Meridian Bancorp stock?

EBSB stock was bought by a variety of institutional investors in the last quarter, including Castine Capital Management LLC, Martingale Asset Management L P, Acadian Asset Management LLC, Context BH Capital Management LP, White Pine Capital LLC, Hennessy Advisors Inc., Eukles Asset Management and SG Americas Securities LLC. Company insiders that have bought Meridian Bancorp stock in the last two years include Edward J Merritt, Frank Romano and Thomas J Gunning. View Insider Buying and Selling for Meridian Bancorp.

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 $17.82.

How big of a company is Meridian Bancorp?

Meridian Bancorp has a market capitalization of $954.08 million 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.

What is Meridian Bancorp's official website?

The official website for Meridian Bancorp is http://www.ebsb.com/.

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 (NASDAQ EBSB)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  156 (Vote Outperform)
Underperform Votes:  233 (Vote Underperform)
Total Votes:  389
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.
This page was last updated on 6/16/2019 by MarketBeat.com Staff

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