Meridian Bancorp (EBSB) Earning Somewhat Positive Media Coverage, Analysis Shows

Headlines about Meridian Bancorp (NASDAQ:EBSB) have trended somewhat positive on Thursday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded 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 gave media 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 immediate future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Shares of NASDAQ:EBSB traded down $0.10 during trading on Thursday, hitting $20.10. 167,322 shares of the company’s stock were exchanged, compared to its average volume of 245,203. Meridian Bancorp has a 1-year low of $15.85 and a 1-year high of $21.85. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market cap of $1,075.79, a price-to-earnings ratio of 24.78 and a beta of 0.25.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Tuesday, March 20th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Monday, March 19th. Meridian Bancorp’s dividend payout ratio is 24.39%.

EBSB has been the subject of several analyst reports. BidaskClub cut shares of Meridian Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.50 price target on shares of Meridian Bancorp in a research report on Friday, December 22nd.

In related news, Director James G. Sartori sold 15,146 shares of the business’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 transaction of $312,159.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory F. Natalucci sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were 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 have sold 23,042 shares of company stock valued at $475,167. 5.10% of the stock is owned by corporate 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.

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

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