Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Meridian Bancorp (EBSB) Share Price

Headlines about Meridian Bancorp (NASDAQ:EBSB) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern 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 0.11 on Accern’s scale. Accern also gave press coverage about the savings and loans company an impact score of 45.4928679487994 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Meridian Bancorp (NASDAQ EBSB) opened at $20.50 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.79. Meridian Bancorp has a one year low of $15.85 and a one year high of $21.85. The company has a market capitalization of $1,108.23, a P/E ratio of 25.00 and a beta of 0.25.

Meridian Bancorp (NASDAQ:EBSB) last announced its quarterly earnings data on Tuesday, January 23rd. The savings and loans company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.06. Meridian Bancorp had a return on equity of 7.90% and a net margin of 20.63%. The firm had revenue of $48.04 million during the quarter. equities research analysts expect that Meridian Bancorp will post 1.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Tuesday, March 20th will be paid a $0.05 dividend. The ex-dividend date is Monday, March 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.98%. Meridian Bancorp’s dividend payout ratio (DPR) is presently 24.39%.

EBSB has been the subject of a number of research analyst reports. BidaskClub upgraded Meridian Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, December 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $24.00 target price on shares of Meridian Bancorp in a report on Thursday, January 25th.

In other Meridian Bancorp news, Director Gregory F. Natalucci sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $20.70, for a total value of $144,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James G. Sartori sold 15,146 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $20.61, for a total value of $312,159.06. The disclosure for this sale can be found here. Insiders sold 23,042 shares of company stock valued at $475,167 in the last three months. Insiders own 5.10% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Meridian Bancorp (NASDAQ:EBSB)

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