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.
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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$236.68 million
Profitability
Miscellaneous
Employees462
Next Earnings Date10/22/2019 (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 Thursday, August 29th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.07 per share on Tuesday, October 1st. This represents a $0.28 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Monday, September 16th. View Meridian Bancorp's Dividend History.
How were Meridian Bancorp's earnings last quarter?
Meridian Bancorp Inc (NASDAQ:EBSB) released its quarterly earnings data on Tuesday, July, 23rd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.01. The savings and loans company had revenue of $45.42 million for the quarter, compared to analyst estimates of $47.10 million. Meridian Bancorp had a net margin of 22.96% and a return on equity of 8.77%. View Meridian Bancorp's Earnings History.
When is Meridian Bancorp's next earnings date?
What price target have analysts set for EBSB?
2 analysts have issued twelve-month price targets for Meridian Bancorp's stock. Their predictions range from $15.00 to $20.00. On average, they expect Meridian Bancorp's share price to reach $17.50 in the next twelve months. This suggests that the stock has a possible downside of 5.4%. View Analyst Price Targets for Meridian Bancorp.
What is the consensus analysts' recommendation for Meridian Bancorp?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meridian Bancorp in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Meridian Bancorp.
Has Meridian Bancorp been receiving favorable news coverage?
News headlines about EBSB stock have trended somewhat negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 -1.5 on InfoTrie's scale. They also assigned news articles about the savings and loans company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Meridian Bancorp.
Are investors shorting Meridian Bancorp?
Meridian Bancorp saw a increase in short interest in September. As of September 30th, there was short interest totalling 1,240,000 shares, an increase of 11.7% from the August 30th total of 1,110,000 shares. Based on an average trading volume of 113,300 shares, the short-interest ratio is presently 10.9 days. Currently, 2.6% of the company's stock are short sold. View Meridian Bancorp's Current Options Chain.
Who are some of Meridian Bancorp's key competitors?
Some companies that are related to Meridian Bancorp include F.N.B. (FNB), Valley National Bancorp (VLY), Community Bank System (CBU), UMB Financial (UMBF), Centerstate Bank (CSFL), Old National Bancorp (ONB), Washington Federal (WAFD), Fulton Financial (FULT), TCF Financial (TCF), First Financial Bancorp (FFBC), WSFS Financial (WSFS), Simmons First National (SFNC), Cadence Bancorp (CADE), Trustmark (TRMK) and First Midwest Bancorp (FMBI).
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 variety of of retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.63%) and Meeder Asset Management Inc. (0.00%). 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 major investors are selling Meridian Bancorp stock?
EBSB stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors 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 major investors are buying Meridian Bancorp stock?
EBSB stock was purchased by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.
What is Meridian Bancorp's stock price today?
One share of EBSB stock can currently be purchased for approximately $18.50.
How big of a company is Meridian Bancorp?
Meridian Bancorp has a market capitalization of $986.42 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. Meridian Bancorp employs 462 workers across the globe.View Additional Information About Meridian Bancorp.
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.
