Press coverage about Meridian Bancorp (NASDAQ:EBSB) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Meridian Bancorp earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the savings and loans company an impact score of 45.818284621885 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Meridian Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 price target on shares of Meridian Bancorp in a research report on Thursday, January 25th.
Meridian Bancorp (EBSB) opened at $20.25 on Wednesday. Meridian Bancorp has a 1 year low of $15.85 and a 1 year high of $21.85. The stock has a market cap of $1,102.82, a PE ratio of 24.70 and a beta of 0.25. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.79.
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 annualized dividend and a yield of 0.99%. Meridian Bancorp’s dividend payout ratio (DPR) is 24.39%.
In related news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $144,900.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,042 shares of company stock valued at $475,167. Company 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.
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