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

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$14.75 -0.32 (-2.12 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$14.75
Today's Range$14.65 - $15.10
52-Week Range$13.67 - $20.75
Volume431,167 shs
Average Volume133,412 shs
Market Capitalization$789.42 million
P/E Ratio13.92
Dividend Yield1.86%
Beta0.51
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.

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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$1.0446 per share
Book Value$12.46 per share

Profitability

Net Income$55.77 million

Miscellaneous

EmployeesN/A
Market Cap$789.42 million
Next Earnings Date4/23/2019 (Estimated)
OptionableOptionable

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 announced a quarterly dividend on Friday, March 1st. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.07 per share on Tuesday, April 2nd. This represents a $0.28 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Monday, March 18th. View Meridian Bancorp's Dividend History.

How were Meridian Bancorp's earnings last quarter?

Meridian Bancorp Inc (NASDAQ:EBSB) posted its earnings results on Tuesday, January, 22nd. The savings and loans company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by $0.05. The savings and loans company had revenue of $42.31 million for the quarter, compared to analysts' expectations of $45.20 million. Meridian Bancorp had a net margin of 23.56% and a return on equity of 8.34%. 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, April 23rd 2019. View Earnings Estimates for Meridian Bancorp.

What price target have analysts set for EBSB?

1 brokerages have issued 12-month price targets for Meridian Bancorp's shares. Their predictions 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 a possible upside of 1.7% from the stock's current price. 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?

Press coverage about EBSB stock has trended somewhat positive this week, according to InfoTrie. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Meridian Bancorp earned a media sentiment score of 0.6 on InfoTrie's scale. They also gave media headlines about the savings and loans company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term.

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), General Electric (GE), Bank Of The Ozarks (OZRK), CARBO Ceramics (CRR), Aegean Marine Petroleum Network (ANW), Express (EXPR), Charles Schwab (SCHW), Hudson Technologies (HDSN), Chipotle Mexican Grill (CMG) and Primo Water (PRMW).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (7.50%), Dimensional Fund Advisors LP (5.46%), Dimensional Fund Advisors LP (5.46%), Impax Asset Management Group plc (2.46%), Monarch Partners Asset Management LLC (1.93%) and GW&K Investment Management LLC (1.44%). 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, Millennium Management LLC, Thrivent Financial for Lutherans, First Trust Advisors LP, GW&K Investment Management LLC, Hennessy Advisors Inc. and GSA Capital Partners LLP. 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 BlackRock Inc., Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Thomson Horstmann & Bryant Inc., Banc Funds Co. LLC, Impax Asset Management Group plc, Bank of America Corp DE and Acadian Asset Management 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 $14.75.

How big of a company is Meridian Bancorp?

Meridian Bancorp has a market capitalization of $789.42 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.

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:  1.9 out of 5 (star)
Outperform Votes:  137 (Vote Outperform)
Underperform Votes:  222 (Vote Underperform)
Total Votes:  359
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 3/23/2019 by MarketBeat.com Staff

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