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
Phone617-567-1500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$208.17 million
Profitability
Miscellaneous
Employees538
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 declared a quarterly dividend on Wednesday, November 28th. Investors of record on Tuesday, December 18th will be given a dividend of $0.07 per share on Wednesday, January 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Monday, December 17th. This is an increase from Meridian Bancorp's previous quarterly dividend of $0.05. View Meridian Bancorp's Dividend History.
How were Meridian Bancorp's earnings last quarter?
Meridian Bancorp Inc (NASDAQ:EBSB) announced its quarterly earnings data on Tuesday, October, 23rd. The savings and loans company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.28 by $0.05. The savings and loans company earned $45.04 million during the quarter, compared to the consensus estimate of $45.10 million. Meridian Bancorp had a return on equity of 8.99% and a net margin of 22.37%. View Meridian Bancorp's Earnings History.
When is Meridian Bancorp's next earnings date?
What price target have analysts set for EBSB?
1 analysts have issued 1-year price targets for Meridian Bancorp's stock. Their forecasts range from $24.00 to $24.00. On average, they expect Meridian Bancorp's share price to reach $24.00 in the next year. This suggests a possible upside of 53.2% 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?
Headlines about EBSB stock have been trending somewhat negative recently, InfoTrie reports. The research firm rates the sentiment of media coverage by reviewing 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 media sentiment score of -1.4 on InfoTrie's scale. They also gave media coverage about the savings and loans company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future.
Who are some of Meridian Bancorp's key competitors?
Some companies that are related to Meridian Bancorp include UMB Financial (UMBF), Community Bank System (CBU), Fulton Financial (FULT), First Financial Bancorp (FFBC), Old National Bancorp (ONB), Simmons First National (SFNC), Washington Federal (WAFD), First Midwest Bancorp (FMBI), Centerstate Bank (CSFL), WesBanco (WSBC), Trustmark (TRMK), First Merchants (FRME), Northwest Bancshares (NWBI), Hope Bancorp (HOPE) and BancFirst (BANF).
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)
- Mark L. Abbate, Exec. VP, Treasurer & CFO (Age 62)
- Mr. Frank P. Romano, Exec. VP of Corp. Banking - East Boston Savings Bank (Age 63)
- Mr. Edward J. Merritt, Sec. & Director (Age 58)
- Mr. John Migliozzi, Exec. VP of Lending - East Boston Savings Bank (Age 60)
Who are Meridian Bancorp's major shareholders?
Meridian Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Hennessy Advisors Inc. (0.70%) and Kessler Investment Group LLC (0.02%). 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 Hennessy Advisors Inc. and Kessler Investment Group LLC. Company insiders that have sold Meridian Bancorp company stock in the last year include Gregory F Natalucci and James G Sartori. 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 $15.67.
How big of a company is Meridian Bancorp?
Meridian Bancorp has a market capitalization of $848.64 million 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.
What is Meridian Bancorp's official website?
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)
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.
