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

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$14.53 -0.23 (-1.56 %)
(As of 12/19/2018 08:00 AM ET)
Previous Close$14.76
Today's Range$14.47 - $14.93
52-Week Range$14.47 - $21.85
Volume145,000 shs
Average Volume157,162 shs
Market Capitalization$799.36 million
P/E Ratio13.06
Dividend Yield1.90%
Beta0.21
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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:EBSB
Previous Symbol
CUSIP58964Q10
Phone617-567-1500

Debt

Debt-to-Equity Ratio0.90
Current Ratio1.24
Quick Ratio1.24

Price-To-Earnings

Trailing P/E Ratio13.06
Forward P/E Ratio12.97
P/E GrowthN/A

Sales & Book Value

Annual Sales$208.17 million
Price / Sales3.78
Cash Flow$0.9314 per share
Price / Cash Flow15.60
Book Value$11.96 per share
Price / Book1.21

Profitability

EPS (Most Recent Fiscal Year)$0.95
Net Income$42.94 million
Net Margins22.37%
Return on Equity8.99%
Return on Assets1.07%

Miscellaneous

Employees538
Outstanding Shares54,160,000
Market Cap$799.36 million
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. Shareholders 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 1.93%. The ex-dividend date of this dividend 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) released its quarterly earnings data on Tuesday, October, 23rd. The savings and loans company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.05. The savings and loans company had revenue of $45.04 million for the quarter, compared to analysts' expectations of $45.10 million. Meridian Bancorp had a net margin of 22.37% and a return on equity of 8.99%. View Meridian Bancorp's Earnings History.

When is Meridian Bancorp's next earnings date?

Meridian Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, January 22nd 2019. View Earnings Estimates for Meridian Bancorp.

What price target have analysts set for EBSB?

1 brokerages 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 twelve months. This suggests a possible upside of 65.2% 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?

News stories about EBSB stock have trended somewhat positive on Wednesday, InfoTrie reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Meridian Bancorp earned a media sentiment score of 1.7 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 press coverage is extremely unlikely to have an effect on the stock's share price in the next several days.

Who are some of Meridian Bancorp's key competitors?

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. Edward J. Merritt, Sec. & Director (Age 58)
  • Mr. Frank P. Romano, Exec. VP of Corp. Banking - East Boston Savings Bank (Age 63)
  • 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 number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.96%), Dimensional Fund Advisors LP (5.12%), Vanguard Group Inc. (4.35%), Vanguard Group Inc (4.35%), Renaissance Technologies LLC (3.88%) and FMR LLC (3.37%). 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 FMR LLC, Russell Investments Group Ltd., Wells Fargo & Company MN, Renaissance Technologies LLC, First Trust Advisors LP, Morgan Stanley, Thrivent Financial for Lutherans and Credit Suisse AG. 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.

Which institutional investors are buying Meridian Bancorp stock?

EBSB stock was purchased by a variety of institutional investors in the last quarter, including Monarch Partners Asset Management LLC, Matarin Capital Management LLC, FSI Group LLC, Putnam Investments LLC, Thomson Horstmann & Bryant Inc., Dimensional Fund Advisors LP, BlackRock Inc. and Alliancebernstein L.P.. 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 $14.53.

How big of a company is Meridian Bancorp?

Meridian Bancorp has a market capitalization of $799.36 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?

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

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)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  118 (Vote Outperform)
Underperform Votes:  204 (Vote Underperform)
Total Votes:  322
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.
This page was last updated on 12/19/2018 by MarketBeat.com Staff

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