Meridian Bancorp (EBSB) Earning Somewhat Positive Press Coverage, Study Finds
Media coverage about Meridian Bancorp (NASDAQ:EBSB) has trended somewhat positive recently, AlphaOne Sentiment reports. AlphaOne, a service of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Meridian Bancorp earned a news impact score of 0.13 on AlphaOne’s scale. AlphaOne also assigned press coverage about the savings and loans company an impact score of 25 out of 100, indicating that recent media coverage is very unlikely to have an impact on the company’s share price in the next several days.
Meridian Bancorp (NASDAQ:EBSB) traded down 0.53% on Friday, reaching $18.60. The company’s stock had a trading volume of 109,313 shares. The company has a market cap of $936.19 million, a P/E ratio of 28.62 and a beta of 0.29. The firm’s 50-day moving average price is $18.38 and its 200 day moving average price is $17.93. Meridian Bancorp has a 52-week low of $13.41 and a 52-week high of $20.55.
Meridian Bancorp (NASDAQ:EBSB) last posted its earnings results on Tuesday, January 24th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $39.03 million for the quarter. Meridian Bancorp had a return on equity of 5.81% and a net margin of 20.86%. Equities analysts anticipate that Meridian Bancorp will post $0.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 4th. Investors of record on Tuesday, March 21st were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, March 17th. This is an increase from Meridian Bancorp’s previous quarterly dividend of $0.03. Meridian Bancorp’s dividend payout ratio (DPR) is 18.46%.
Several equities analysts have recently issued reports on the company. Piper Jaffray Companies upped their price target on Meridian Bancorp from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, February 7th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $20.00 target price on shares of Meridian Bancorp in a research note on Wednesday, April 5th.
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In other news, Director Gregory F. Natalucci sold 4,600 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $18.91, for a total transaction of $86,986.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James G. Sartori sold 8,216 shares of the firm’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $19.19, for a total value of $157,665.04. The disclosure for this sale can be found here. Insiders sold 21,651 shares of company stock worth $415,255 in the last quarter. 5.10% of the stock is currently owned by company insiders.
About Meridian Bancorp
Meridian Bancorp Inc, formerly Meridian Interstate Bancorp, Inc, is a mid-tier stock holding company of East Boston Savings Bank (the Bank). The Bank is a state-chartered stock savings bank that operates from 24 full-service locations and two loan centers in the Boston metropolitan area. East Boston Savings Bank operates eight of its full-service locations and a loan center under the name Mt.
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