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

Meridian Bancorp's stock was trading at $14.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, EBSB shares have decreased by 20.7% and is now trading at $11.19. View which stocks have been mosted impacted by Coronavirus.

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.

Meridian Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for Meridian Bancorp.

Meridian Bancorp Inc (NASDAQ:EBSB) announced its quarterly earnings results on Tuesday, January, 28th. The savings and loans company reported $0.33 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.33. The savings and loans company earned $47.34 million during the quarter, compared to analysts' expectations of $47.65 million. Meridian Bancorp had a return on equity of 9.50% and a net margin of 23.98%. View Meridian Bancorp's earnings history.

Meridian Bancorp declared a quarterly dividend on Thursday, February 27th. Investors of record on Thursday, March 19th will be given a dividend of $0.08 per share on Thursday, April 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Wednesday, March 18th. View Meridian Bancorp's dividend history.

2 analysts have issued 1 year price objectives for Meridian Bancorp's shares. Their forecasts range from $20.00 to $22.00. On average, they expect Meridian Bancorp's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 87.7% from the stock's current price. View analysts' price targets for Meridian Bancorp.

News coverage about EBSB stock has been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media 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 -5 to 5, with scores closest to five being the most favorable. Meridian Bancorp earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave news articles about the savings and loans company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutMeridian Bancorp.

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

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), Primo Water (PRMW), Chipotle Mexican Grill (CMG), General Electric (GE) and Macquarie Infrastructure (MIC).

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

Meridian Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors 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 Nuveen Asset Management LLC (0.83%). 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 activity for Meridian Bancorp.

EBSB stock was bought 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 activity 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 $11.19.

Meridian Bancorp has a market capitalization of $590.50 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]