NASDAQ:EBSBMeridian Bancorp Stock Price, Forecast & News

Meridian Bancorp's stock was trading at $14.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, EBSB stock has decreased by 25.8% and is now trading at $10.47. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meridian Bancorp in the last year. There are currently 1 strong buy rating for the stock, resulting in a consensus recommendation of "Strong Buy." View analyst ratings for Meridian Bancorp.

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

Meridian Bancorp Inc (NASDAQ:EBSB) announced its quarterly earnings data on Tuesday, April, 21st. The savings and loans company reported $0.25 EPS for the quarter, beating the Zacks' consensus estimate of $0.25 by $0.00. The savings and loans company had revenue of $44.27 million for the quarter, compared to analyst estimates of $46.94 million. Meridian Bancorp had a net margin of 23.49% and a return on equity of 9.10%. View Meridian Bancorp's earnings history.

Meridian Bancorp declared a quarterly dividend on Thursday, May 28th. Investors of record on Thursday, June 18th will be given a dividend of $0.08 per share on Thursday, July 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Wednesday, June 17th. View Meridian Bancorp's dividend history.

1 brokers have issued 12 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 a possible upside of 43.3% from the stock's current price. View analysts' price targets for Meridian Bancorp.

Press coverage about EBSB stock has been trending negative recently, according to InfoTrie. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. 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 daily sentiment score of -2.4 on InfoTrie's scale. They also gave news headlines about the savings and loans company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news about Meridian Bancorp.

Meridian Bancorp saw a decline in short interest in the month of June. As of June 15th, there was short interest totaling 537,900 shares, a decline of 7.7% from the May 31st total of 582,600 shares. Based on an average daily trading volume, of 209,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.2% of the company's stock are short sold. View Meridian Bancorp's Current Options Chain.

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

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), Chipotle Mexican Grill (CMG), Dominion Energy (D), General Electric (GE), Altria Group (MO) and Primo Water (PRMW).

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

Meridian Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.02%). 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 acquired by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. 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 $10.47.

Meridian Bancorp has a market capitalization of $548.65 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.

The official website for Meridian Bancorp is 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]