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

Meridian Bancorp trades on the NASDAQ under the ticker symbol "EBSB."

Meridian Bancorp announced a quarterly dividend on Monday, December 9th. Stockholders of record on Thursday, December 19th will be paid a dividend of $0.08 per share on Thursday, January 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Wednesday, December 18th. This is a boost from Meridian Bancorp's previous quarterly dividend of $0.07. View Meridian Bancorp's Dividend History.

Meridian Bancorp Inc (NASDAQ:EBSB) released its quarterly earnings results on Tuesday, January, 28th. The savings and loans company reported $0.33 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.33. The savings and loans company had revenue of $47.34 million for the quarter, compared to analyst estimates of $47.65 million. Meridian Bancorp had a return on equity of 9.60% and a net margin of 23.98%. View Meridian Bancorp's Earnings History.

Meridian Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for Meridian Bancorp.

2 brokers have issued 12 month price objectives for Meridian Bancorp's stock. Their forecasts range from $20.00 to $22.00. On average, they anticipate Meridian Bancorp's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price. View Analyst Price Targets for Meridian Bancorp.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meridian Bancorp in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Meridian Bancorp.

Headlines about EBSB stock have trended negative on Monday, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. 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 news sentiment score of -2.1 on InfoTrie's scale. They also gave media headlines about the savings and loans company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the near term. View News Stories for Meridian Bancorp.

Meridian Bancorp saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,520,000 shares, an increase of 7.0% from the January 15th total of 1,420,000 shares. Based on an average daily trading volume, of 166,500 shares, the short-interest ratio is currently 9.1 days. Approximately 3.2% of the company's stock are sold short. View Meridian Bancorp's Current Options Chain.

Some companies that are related to Meridian Bancorp include People's United Financial (PBCT), TFS Financial (TFSL), New York Community Bancorp (NYCB), Radian Group (RDN), MGIC Investment (MTG), Lendingtree (TREE), Washington Federal (WAFD), Simply Good Foods (SMPL), Walker & Dunlop (WD), WSFS Financial (WSFS), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), Provident Financial Services (PFS), Berkshire Hills Bancorp (BHLB) and Brookline Bancorp (BRKL).

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 Wireless (IDCC), Verizon Communications (VZ), Stag Industrial (STAG), Advanced Micro Devices (AMD), Chipotle Mexican Grill (CMG), General Electric (GE), Macquarie Infrastructure (MIC) and Zoetis (ZTS).

Meridian Bancorp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (4.18%), State Street Corp (2.18%), GW&K Investment Management LLC (1.55%), Geode Capital Management LLC (1.38%), Goldman Sachs Group Inc. (1.26%) and Acadian Asset Management LLC (0.81%). Company insiders that own Meridian Bancorp stock include Edward J Merritt, Frank Romano, Gregory F Natalucci and James G Sartori. View Institutional Ownership Trends for Meridian Bancorp.

EBSB stock was sold by a variety of institutional investors in the last quarter, including Monarch Partners Asset Management LLC, Cannell Peter B & Co. Inc., Bain Capital Public Equity Management II LLC, Hotchkis & Wiley Capital Management LLC, Hennessy Advisors Inc., Thrivent Financial for Lutherans, GW&K Investment Management LLC and New York State Common Retirement Fund. View Insider Buying and Selling for Meridian Bancorp.

EBSB stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Renaissance Technologies LLC, First Trust Advisors LP, Oxford Asset Management LLP, California Public Employees Retirement System, Bank of Montreal Can, Russell Investments Group Ltd. and Acadian Asset Management LLC. Company insiders that have bought Meridian Bancorp stock in the last two years include Edward J Merritt and Frank Romano. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of EBSB stock can currently be purchased for approximately $17.73.

Meridian Bancorp has a market capitalization of $946.43 million and generates $279.42 million in revenue each year. The savings and loans company earns $67 million in net income (profit) each year or $1.30 on an earnings per share basis. Meridian Bancorp employs 462 workers across the globe.View Additional Information About Meridian Bancorp.

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

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]