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$236.68 million
Profitability
Miscellaneous
Employees538
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 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 yield of 1.69%. The ex-dividend date of this dividend is Monday, December 17th. This is a boost 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, January, 22nd. The savings and loans company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 8.37% and a net margin of 23.56%. View Meridian Bancorp's Earnings History.
When is Meridian Bancorp's next earnings date?
What price target have analysts set for EBSB?
1 equities research analysts have issued twelve-month target prices for Meridian Bancorp's shares. Their forecasts range from $15.00 to $15.00. On average, they anticipate Meridian Bancorp's stock price to reach $15.00 in the next twelve months. This suggests that the stock has a possible downside of 9.3%. 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 been trending somewhat positive on Thursday, according to InfoTrie. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Meridian Bancorp earned a news sentiment score of 0.6 on InfoTrie's scale. They also gave press coverage about the savings and loans company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days.
Who are some of Meridian Bancorp's key competitors?
Some companies that are related to Meridian Bancorp include Valley National Bancorp (VLY), UMB Financial (UMBF), Community Bank System (CBU), Old National Bancorp (ONB), Fulton Financial (FULT), First Financial Bancorp (FFBC), Centerstate Bank (CSFL), First Midwest Bancorp (FMBI), Simmons First National (SFNC), Washington Federal (WAFD), Trustmark (TRMK), WesBanco (WSBC), First Merchants (FRME), Northwest Bancshares (NWBI) and Hope Bancorp (HOPE).
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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.50%), Dimensional Fund Advisors LP (5.46%), Impax Asset Management Group plc (2.46%), Monarch Partners Asset Management LLC (1.93%), GW&K Investment Management LLC (1.44%) and Northern Trust Corp (1.25%). 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 Monarch Partners Asset Management LLC, Millennium Management LLC, Thrivent Financial for Lutherans, First Trust Advisors LP, GW&K Investment Management LLC, Hennessy Advisors Inc., GSA Capital Partners LLP and Two Sigma Investments LP. 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Thomson Horstmann & Bryant Inc., Banc Funds Co. LLC, Impax Asset Management Group plc, Bank of America Corp DE, Acadian Asset Management LLC and Geode Capital 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 $16.54.
How big of a company is Meridian Bancorp?
Meridian Bancorp has a market capitalization of $895.76 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 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.
