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NASDAQ:EBSBMeridian Bancorp Stock Price, Forecast & News

$11.67
-0.41 (-3.39 %)
(As of 05/28/2020 04:00 PM ET)
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Today's Range
$11.61
Now: $11.67
$12.33
50-Day Range
$9.97
MA: $10.96
$12.67
52-Week Range
$8.88
Now: $11.67
$20.86
Volume195,180 shs
Average Volume199,225 shs
Market Capitalization$611.53 million
P/E Ratio9.34
Dividend Yield2.65%
Beta0.91
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 Suffolk, Norfolk, Middlesex and Essex 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. The company operates 37 full-service locations, as well as 1 mobile branch and 3 loan centers. Meridian Bancorp, Inc. was founded in 1848 and is headquartered in Peabody, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.40 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:EBSB
CUSIP58964Q10
Phone617-567-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$279.42 million
Cash Flow$1.34 per share
Book Value$13.73 per share

Profitability

Net Income$67 million

Miscellaneous

Employees462
Market Cap$611.53 million
Next Earnings Date7/28/2020 (Estimated)
OptionableOptionable

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Meridian Bancorp (NASDAQ:EBSB) Frequently Asked Questions

How has Meridian Bancorp's stock been impacted by COVID-19 (Coronavirus)?

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. Since then, EBSB stock has decreased by 17.3% and is now trading at $11.67. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Meridian Bancorp?

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.

When is Meridian Bancorp's next earnings date?

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

How were Meridian Bancorp's earnings last quarter?

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

How often does Meridian Bancorp pay dividends? What is the dividend yield for Meridian Bancorp?

Meridian Bancorp announced a quarterly dividend on Thursday, February 27th. Shareholders 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 2.74%. The ex-dividend date of this dividend is Wednesday, March 18th. View Meridian Bancorp's dividend history.

What price target have analysts set for EBSB?

2 brokers have issued 12 month target prices for Meridian Bancorp's stock. Their forecasts range from $15.00 to $20.00. On average, they anticipate Meridian Bancorp's stock price to reach $17.50 in the next year. This suggests a possible upside of 50.0% from the stock's current price. View analysts' price targets for Meridian Bancorp.

Has Meridian Bancorp been receiving favorable news coverage?

Media headlines about EBSB stock have been trending somewhat negative on Friday, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Meridian Bancorp earned a news impact score of -1.0 on InfoTrie's scale. They also gave news articles about the savings and loans company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock's share price in the next few days. View the latest news aboutMeridian Bancorp.

Are investors shorting Meridian Bancorp?

Meridian Bancorp saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 602,900 shares, a drop of 22.7% from the April 15th total of 780,400 shares. Based on an average daily trading volume, of 225,800 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.3% of the company's shares are sold short. View Meridian Bancorp's Current Options Chain.

Who are some of Meridian Bancorp's key competitors?

What other stocks do shareholders of Meridian Bancorp own?

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).

Who are Meridian Bancorp's key executives?

Meridian Bancorp's management team includes the following 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)

What is Meridian Bancorp's stock symbol?

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

Who are Meridian Bancorp's major shareholders?

Meridian Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.49%), State Street Corp (2.22%), Impax Asset Management Group plc (2.19%), JPMorgan Chase & Co. (1.76%), GW&K Investment Management LLC (1.51%) and Geode Capital Management LLC (1.50%). 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.

Which institutional investors are selling Meridian Bancorp stock?

EBSB stock was sold by a variety of institutional investors in the last quarter, including Cannell Peter B & Co. Inc., Globeflex Capital L P, Martingale Asset Management L P, Morgan Stanley, BlackRock Inc., Russell Investments Group Ltd., First Trust Advisors LP, and Invesco Ltd.. View insider buying and selling activity for Meridian Bancorp.

Which institutional investors are buying Meridian Bancorp stock?

EBSB stock was acquired by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, Acadian Asset Management LLC, Alliancebernstein L.P., Impax Asset Management Group plc, Monarch Partners Asset Management LLC, Victory Capital Management Inc., Victory Capital Management Inc., and Wolverine 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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Meridian Bancorp's stock price today?

One share of EBSB stock can currently be purchased for approximately $11.67.

How big of a company is Meridian Bancorp?

Meridian Bancorp has a market capitalization of $611.53 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.

What is Meridian Bancorp's official website?

The official website for Meridian Bancorp is 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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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