Meridian Bancorp, Inc. (EBSB) Director Sells $296,150.40 in Stock
Meridian Bancorp, Inc. (NASDAQ:EBSB) Director Anna R. Dimaria sold 14,690 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $20.16, for a total value of $296,150.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Meridian Bancorp, Inc. (EBSB) traded down $0.40 during midday trading on Tuesday, hitting $20.15. 103,908 shares of the company traded hands, compared to its average volume of 162,395. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.74. Meridian Bancorp, Inc. has a twelve month low of $15.85 and a twelve month high of $20.73. The company has a market capitalization of $1,079.40, a PE ratio of 22.99 and a beta of 0.27.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Monday, December 18th. This is a boost from Meridian Bancorp’s previous quarterly dividend of $0.04. Meridian Bancorp’s dividend payout ratio (DPR) is presently 18.39%.
Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 price target on shares of Meridian Bancorp in a research report on Thursday, August 31st.
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About Meridian Bancorp
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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