NASDAQ:EBSB

Meridian Bancorp Stock Forecast, Price & News

$19.29
+0.15 (+0.78 %)
(As of 07/29/2021 12:00 AM ET)
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Today's Range
$19.04
$19.43
50-Day Range
$18.83
$22.15
52-Week Range
$9.75
$22.97
Volume123,973 shs
Average Volume253,179 shs
Market Capitalization$1.01 billion
P/E Ratio12.95
Dividend Yield2.12%
Beta1.04
30 days | 90 days | 365 days | Advanced Chart
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Meridian Bancorp logo

About Meridian Bancorp

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, including NOW and money market accounts; savings accounts; and certificates of deposit, 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, such as 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, including automobile loans, loans secured by savings or certificate accounts, credit builders, and annuity and overdraft loans. The company also engages in the securities transactions business. The company operates 42 full-service locations, one mobile branch, and three loan centers. Meridian Bancorp, Inc. was founded in 1848 and is headquartered in Peabody, Massachusetts.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

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Miscellaneous


MarketRank

Overall MarketRank

1.72 out of 5 stars

Finance Sector

785th out of 2,043 stocks

National Commercial Banks Industry

91st out of 168 stocks

Analyst Opinion: 0.0Community Rank: 3.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Meridian Bancorp (NASDAQ:EBSB) Frequently Asked Questions

Is Meridian Bancorp a buy right now?

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.

What stocks does MarketBeat like better than Meridian Bancorp?

Wall Street analysts have given Meridian Bancorp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Meridian Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Meridian Bancorp?

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
.

When is Meridian Bancorp's next earnings date?

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

How were Meridian Bancorp's earnings last quarter?

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
.

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

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.
View which stocks have been most impacted by COVID-19
.

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

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
.

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 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.

Who are Meridian Bancorp's key executives?

Meridian Bancorp's management team includes the following people:
  • Mr. Richard J. Gavegnano, Chairman, Pres & CEO (Age 73, Pay $1.36M)
  • Mr. Kenneth R. Fisher CPA, Exec. VP, Treasurer & CFO (Age 42, Pay $250.54k)
  • Mr. Frank P. Romano, Exec. VP of Corp. Banking - East Boston Savings Bank (Age 66, Pay $399.12k)
  • Mr. Edward J. Merritt, Sec. & Director (Age 61, Pay $374.33k)
  • Mr. John A. Carroll, Exec. VP & COO (Age 54)
  • Ms. Paula M. Cotter, Sr. VP of Operations & Technology
  • Mr. Keith D. Armstrong, Sr. VP of Admin. (Age 69)
  • Mr. Eric M. Heath, Sr. VP of HR
  • Mr. James Morgan, Sr. VP of Retail Banking
  • Mr. David J. Lahive, Sr. VP & Chief Credit Officer (Age 56)

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.

Who are some of Meridian Bancorp's key competitors?

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 retail and institutional investors. Top institutional investors include Eukles Asset Management (0.03%).
View institutional ownership trends 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 Eukles Asset Management.
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 $19.29.

How much money does Meridian Bancorp make?

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.

How many employees does Meridian Bancorp have?

Meridian Bancorp employs 478 workers across the globe.

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 or via email at [email protected]


This page was last updated on 7/30/2021 by MarketBeat.com Staff
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