Meridian Bancorp, Inc. (NASDAQ:EBSB) declared a quarterly dividend on Tuesday, September 5th, Wall Street Journal reports. Stockholders of record on Tuesday, September 19th will be paid a dividend of 0.04 per share by the savings and loans company on Tuesday, October 3rd. This represents a $0.16 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Monday, September 18th.

Meridian Bancorp (EBSB) opened at 18.35 on Wednesday. The firm has a market cap of $935.91 million, a PE ratio of 23.53 and a beta of 0.28. Meridian Bancorp has a one year low of $15.06 and a one year high of $20.55. The stock has a 50 day moving average price of $17.43 and a 200 day moving average price of $17.49.

Meridian Bancorp (NASDAQ:EBSB) last announced its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. The firm had revenue of $40.49 million during the quarter. Meridian Bancorp had a net margin of 22.50% and a return on equity of 6.77%. Equities research analysts expect that Meridian Bancorp will post $0.82 EPS for the current year.

In other news, Director James G. Sartori sold 8,324 shares of Meridian Bancorp stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $17.46, for a total transaction of $145,337.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Frank Romano purchased 3,785 shares of Meridian Bancorp stock in a transaction dated Thursday, August 3rd. The shares were bought at an average price of $17.69 per share, with a total value of $66,956.65. The disclosure for this purchase can be found here. 5.10% of the stock is currently owned by company insiders.

EBSB has been the subject of a number of recent analyst reports. Compass Point upgraded shares of Meridian Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Monday, June 26th. Piper Jaffray Companies restated a “hold” rating on shares of Meridian Bancorp in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.00 price objective on shares of Meridian Bancorp in a research report on Thursday, August 31st.

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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.

Dividend History for Meridian Bancorp (NASDAQ:EBSB)

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