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Meridian Bancorp, Inc. (EBSB)

NASDAQ: EBSB · Delayed Price · USD
20.14 0.72 (3.71%)
Sep 23, 2021 4:00 PM EDT - Market closed
Market Cap1.04B
Revenue (ttm)202.25M
Net Income (ttm)75.66M
Shares Out52.61M
EPS (ttm)1.50
PE Ratio13.42
Forward PE13.42
Dividend$0.36 (1.79%)
Ex-Dividend DateSep 20, 2021
Volume307,834
Open19.58
Previous Close19.42
Day's Range19.41 - 20.28
52-Week Range9.55 - 22.75
Beta1.07
AnalystsBuy
Price Target24.00 (+19.2%)
Est. Earnings DateOct 26, 2021

About EBSB

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, including NOW and money market accounts; savings accounts; and certificates of deposit, as well as commercial checking accounts. Its loan portfolio i...

IndustryThrifts & Mortgage Finance
IPO DateJan 23, 2008
Employees478
Stock ExchangeNASDAQ
Ticker SymbolEBSB
Full Company Profile

Financial Performance

In 2020, EBSB's revenue was $183.54 million, a decrease of -2.79% compared to the previous year's $188.81 million. Earnings were $65.05 million, a decrease of -2.90%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for EBSB stock is "Buy." The 12-month stock price forecast is 24.00, which is an increase of 19.17% from the latest price.

Price Target
$24.00
(19.17% upside)
Analyst Consensus: Buy

News

Meridian Bancorp, Inc. Announces Quarterly Dividend

BOSTON, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Meridian Bancorp, Inc. (the “Company” or “Meridian”) (NASDAQ: EBSB), the holding company for East Boston Savings Bank, today declared a quarterly cash dividend ...

3 weeks ago - GlobeNewsWire

Independent Bank (INDB), Meridian (EBSB) Get Merger Approval

Independent Bank (INDB) and Meridian (EBSB) receive shareholder approval for the previously announced merger deal.

Other symbols:INDB
1 month ago - Zacks Investment Research

Meridian Bancorp (EBSB) Lags Q2 Earnings and Revenue Estimates

Meridian Bancorp (EBSB) delivered earnings and revenue surprises of -21.95% and -2.46%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Meridian Bancorp, Inc. Announces Results for the Quarter and Six Months Ended June 30, 2021

BOSTON, July 22, 2021 (GLOBE NEWSWIRE) -- Meridian Bancorp, Inc. (the “Company” or “Meridian”) (NASDAQ: EBSB), the holding company for East Boston Savings Bank (the “Bank”), announced net income of $16....

2 months ago - GlobeNewsWire

Meridian Bancorp (EBSB) to Report Q2 Results: Wall Street Expects Earnings Growth

Meridian Bancorp (EBSB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Meridian Bancorp, Inc. Announces Quarterly Dividend

BOSTON, May 27, 2021 (GLOBE NEWSWIRE) -- Meridian Bancorp, Inc. (the “Company” or “Meridian”) (NASDAQ: EBSB), the holding company for East Boston Savings Bank, today declared a quarterly cash dividend o...

3 months ago - GlobeNewsWire

Meridian Bancorp (EBSB) Moves 23% Higher: Will This Strength Last?

Meridian Bancorp (EBSB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down ...

4 months ago - Zacks Investment Research

SHAREHOLDER ALERT: WeissLaw LLP Investigates Meridian Bancorp, Inc.

NEW YORK, April 23, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Meridian Bancorp, Inc. ("Meridian" or ...

Other symbols:INDB
5 months ago - PRNewsWire

Why Shares of Meridian Bancorp Are Climbing Today

The bank announced last night that it plans to be acquired by a nearby competitor.

Other symbols:EBCINDB
5 months ago - The Motley Fool

Meridian Bancorp Merger Investigation: Halper Sadeh LLP Announces Investigation into Whether the Sale of Meridian Ban...

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Meridian Bancorp, Inc. (NASDAQ: EBSB) to Independent Bank Corp. is fair to Meridian B...

5 months ago - Business Wire

Meridian Bancorp (EBSB) Surpasses Q1 Earnings and Revenue Estimates

Meridian Bancorp (EBSB) delivered earnings and revenue surprises of 14.29% and 2.11%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Meridian Bancorp, Inc. Announces Record Quarterly Net Income of $24 Million

BOSTON, April 22, 2021 (GLOBE NEWSWIRE) -- Meridian Bancorp, Inc. (the “Company” or “Meridian”) (NASDAQ: EBSB), the holding company for East Boston Savings Bank (the “Bank”), announced net income of $24...

5 months ago - GlobeNewsWire

Meridian Bancorp (EBSB) to Report Q1 Results: Wall Street Expects Earnings Growth

Meridian Bancorp (EBSB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 months ago - Zacks Investment Research

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fi...

New York, New York--(Newsfile Corp. - April 12, 2021) - Levi & Korsinsky announces it has commenced an investigation of Meridian Bancorp, Inc. (NASDAQ: EBSB) concerning possible breaches of fiduciary du...

5 months ago - Newsfile Corp

5 Financial Companies Boosting Book Value

According to the GuruFocus All-in-One Screener, a Premium feature, the following guru-owned financial companies have grown their book value per share over the past decade through April 12.

Other symbols:CNOBHBNCKRNYWASH
5 months ago - GuruFocus

Meridian Bancorp, Inc. Announces 25% Increase in Quarterly Dividend and New Stock Repurchase Program

BOSTON, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Meridian Bancorp, Inc. (the “Company” or “Meridian”) (NASDAQ: EBSB), the holding company for East Boston Savings Bank, today declared a quarterly cash dividend ...

6 months ago - GlobeNewsWire

Why Meridian Bancorp (EBSB) Might be Well Poised for a Surge

Meridian Bancorp (EBSB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

7 months ago - Zacks Investment Research

Buy This Stock Before It Becomes a Dividend Aristocrat

This bank recently launched a dividend that could grow significantly in coming years.

7 months ago - The Motley Fool

Meridian Bancorp (EBSB) Q4 Earnings and Revenues Top Estimates

Meridian Bancorp (EBSB) delivered earnings and revenue surprises of 2.86% and 9.56%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

Meridian Bancorp, Inc. Announces Record Fourth Quarter Net Income and Full Year 2020 Results

BOSTON, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Meridian Bancorp, Inc. (the “Company” or “Meridian”) (NASDAQ: EBSB), the holding company for East Boston Savings Bank (the “Bank”), announced net income of $18....

7 months ago - GlobeNewsWire

Meridian Bancorp, Inc. Announces Quarterly Dividend

BOSTON, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Meridian Bancorp, Inc. (the “Company” or “Meridian”) (NASDAQ: EBSB), the holding company for East Boston Savings Bank, today declared a quarterly cash dividend ...

9 months ago - GlobeNewsWire

Moving Average Crossover Alert: Meridian Bancorp (EBSB)

Meridian Bancorp (EBSB) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

9 months ago - Zacks Investment Research

Why Meridian Bancorp (EBSB) Might be Well Poised for a Surge

Meridian Bancorp (EBSB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

10 months ago - Zacks Investment Research

Meridian Bancorp (EBSB) Beats Q3 Earnings and Revenue Estimates

Meridian Bancorp (EBSB) delivered earnings and revenue surprises of 17.86% and 2.24%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research

Meridian Bancorp, Inc. Announces Third Quarter 2020 Results

Strong Net Income Driven by Continued Net Interest Margin Expansion and Reduced Efficiency Ratio Strong Net Income Driven by Continued Net Interest Margin Expansion and Reduced Efficiency Ratio

10 months ago - GlobeNewsWire