Meridian Bancorp (EBSB) Scheduled to Post Quarterly Earnings on Monday
Meridian Bancorp (NASDAQ:EBSB) will announce its earnings results on Monday, January 22nd. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
Meridian Bancorp (NASDAQ:EBSB) last posted its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. Meridian Bancorp had a return on equity of 7.26% and a net margin of 23.14%. On average, analysts expect Meridian Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Meridian Bancorp (NASDAQ EBSB) opened at $21.35 on Monday. Meridian Bancorp has a 12-month low of $15.85 and a 12-month high of $21.65. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $1,152.26, a PE ratio of 24.54 and a beta of 0.27.
A number of research analysts have recently weighed in on EBSB shares. BidaskClub cut Meridian Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.50 price objective on shares of Meridian Bancorp in a research report on Friday, December 22nd.
In related news, Director Richard F. Fernandez sold 14,801 shares of Meridian Bancorp stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $19.75, for a total transaction of $292,319.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marilyn A. Censullo sold 11,929 shares of Meridian Bancorp stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $19.95, for a total value of $237,983.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,420 shares of company stock worth $826,454. 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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