Meridian Bancorp, Inc. (EBSB) to Release Earnings on Monday
Meridian Bancorp, Inc. (NASDAQ:EBSB) will release its earnings data on Monday, October 23rd. Analysts expect Meridian Bancorp to post earnings of $0.19 per share for the quarter.
Meridian Bancorp (NASDAQ:EBSB) last issued its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $40.49 million during the quarter. Meridian Bancorp had a return on equity of 6.77% and a net margin of 22.50%. On average, analysts expect Meridian Bancorp to post $0.82 EPS for the current fiscal year and $0.98 EPS for the next fiscal year.
Shares of Meridian Bancorp, Inc. (EBSB) opened at 19.25 on Friday. Meridian Bancorp, Inc. has a 52 week low of $15.23 and a 52 week high of $20.55. The stock has a market capitalization of $981.81 million, a PE ratio of 24.68 and a beta of 0.26. The company’s 50 day moving average price is $18.59 and its 200-day moving average price is $17.56.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 19th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, September 18th. This represents a $0.16 annualized dividend and a dividend yield of 0.83%. Meridian Bancorp’s dividend payout ratio is currently 20.00%.
Several research analysts have recently issued reports on the company. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Meridian Bancorp in a research report on Wednesday, July 26th. BidaskClub cut Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Compass Point raised 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. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.00 price objective on shares of Meridian Bancorp in a research report on Thursday, August 31st.
In other news, Director James G. Sartori sold 1,500 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $17.36, for a total transaction of $26,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frank Romano acquired 3,785 shares of the stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $17.69 per share, with a total value of $66,956.65. The disclosure for this purchase can be found here. Corporate insiders own 5.10% of the company’s stock.
Meridian Bancorp Company Profile
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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