News stories about Meridian Bancorp (NASDAQ:EBSB) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Meridian Bancorp earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media headlines about the savings and loans company an impact score of 45.6887371622938 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- MERIDIAN BANCORP, INC. (NASDAQ:EBSB) Files An 8-K Financial Statements and Exhibits (4-traders.com)
- Analysts Expect Meridian Bancorp, Inc. (EBSB) to Post $0.21 EPS (americanbankingnews.com)
- Meridian Bancorp : EBSB Was Main Sponsor of Boston Jazz Fest (4-traders.com)
- Meetinghouse Bancorp, Inc. Receives Shareholder Approval for Merger with Meridian Bancorp, Inc. (finance.yahoo.com)
Several research firms recently commented on EBSB. Compass Point upgraded Meridian Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Monday, June 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $19.00 target price on shares of Meridian Bancorp in a research report on Thursday, August 31st. Piper Jaffray Companies reissued a “hold” rating on shares of Meridian Bancorp in a research report on Wednesday, July 26th. Finally, BidaskClub cut Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th.
Meridian Bancorp (NASDAQ EBSB) opened at 18.40 on Monday. The stock’s 50 day moving average price is $17.60 and its 200-day moving average price is $17.46. Meridian Bancorp has a 52-week low of $15.06 and a 52-week high of $20.55. The stock has a market capitalization of $938.46 million, a PE ratio of 23.59 and a beta of 0.28.
Meridian Bancorp (NASDAQ:EBSB) last announced its earnings results on Tuesday, July 25th. The savings and loans company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The company 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, equities analysts expect that Meridian Bancorp will post $0.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 19th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, September 18th. This represents a $0.16 annualized dividend and a dividend yield of 0.87%. Meridian Bancorp’s dividend payout ratio is presently 20.00%.
In other Meridian Bancorp news, EVP Frank Romano bought 3,785 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were purchased at an average price of $17.69 per share, with a total value of $66,956.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James G. Sartori sold 8,324 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $17.46, for a total transaction of $145,337.04. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.
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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.
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