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

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$15.58 +0.09 (+0.58 %)
(As of 10/23/2018 04:00 PM ET)
Previous Close$15.49
Today's Range$15.30 - $15.74
52-Week Range$15.30 - $21.85
Volume202,893 shs
Average Volume196,437 shs
Market Capitalization$845.62 million
P/E Ratio16.40
Dividend Yield1.28%
Beta0.11
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 Ratio0.89
Current Ratio1.24
Quick Ratio1.24

Price-To-Earnings

Trailing P/E Ratio16.40
Forward P/E Ratio14.70
P/E GrowthN/A

Sales & Book Value

Annual Sales$208.17 million
Price / Sales4.04
Cash Flow$0.9397 per share
Price / Cash16.58
Book Value$11.96 per share
Price / Book1.30

Profitability

EPS (Most Recent Fiscal Year)$0.95
Net Income$42.94 million
Net Margins21.43%
Return on Equity8.50%
Return on Assets1.03%

Miscellaneous

Employees538
Outstanding Shares53,930,000
Market Cap$845.62 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 announced a quarterly dividend on Thursday, August 30th. Shareholders of record on Tuesday, September 18th will be paid a dividend of $0.05 per share on Tuesday, October 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, September 17th. View Meridian Bancorp's Dividend History.

How were Meridian Bancorp's earnings last quarter?

Meridian Bancorp Inc (NASDAQ:EBSB) released its earnings results on Thursday, July, 26th. The savings and loans company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. The savings and loans company earned $43.91 million during the quarter, compared to analysts' expectations of $43.80 million. Meridian Bancorp had a return on equity of 8.50% and a net margin of 21.43%. 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, October 23rd 2018. View Earnings Estimates for Meridian Bancorp.

What price target have analysts set for EBSB?

1 equities research analysts have issued 12-month price targets for Meridian Bancorp's shares. Their predictions range from $24.00 to $24.00. On average, they anticipate Meridian Bancorp's share price to reach $24.00 in the next year. This suggests a possible upside of 54.0% 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.

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 Hennessy Advisors Inc. (0.83%) and Cambridge Trust Co. (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 Cambridge Trust Co.. Company insiders that have sold Meridian Bancorp company stock in the last year include Anna R Dimaria, Gregory F Natalucci, James G Sartori, Marilyn A Censullo and Richard F Fernandez. View Insider Buying and Selling for Meridian Bancorp.

Which institutional investors are buying Meridian Bancorp stock?

EBSB stock was bought by a variety of institutional investors in the last quarter, including Hennessy Advisors 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, Scottrade, Fidelity and Charles Schwab.

What is Meridian Bancorp's stock price today?

One share of EBSB stock can currently be purchased for approximately $15.58.

How big of a company is Meridian Bancorp?

Meridian Bancorp has a market capitalization of $845.62 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:  110 (Vote Outperform)
Underperform Votes:  196 (Vote Underperform)
Total Votes:  306
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 10/23/2018 by MarketBeat.com Staff

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