Meridian Bancorp, Inc. (NASDAQ:EBSB) announced a quarterly dividend on Friday, March 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, March 20th will be paid a dividend of 0.05 per share by the savings and loans company on Tuesday, April 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Monday, March 19th.
Shares of Meridian Bancorp (EBSB) opened at $20.25 on Wednesday. Meridian Bancorp has a 12-month low of $15.85 and a 12-month high of $21.85. The firm has a market cap of $1,102.82, a PE ratio of 24.70 and a beta of 0.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.23 and a current ratio of 1.23.
Meridian Bancorp (NASDAQ:EBSB) last announced its quarterly earnings results on Tuesday, January 23rd. The savings and loans company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Meridian Bancorp had a net margin of 20.63% and a return on equity of 7.90%. The business had revenue of $48.04 million during the quarter. equities research analysts anticipate that Meridian Bancorp will post 1.12 EPS for the current year.
A number of brokerages have weighed in on EBSB. BidaskClub upgraded shares of Meridian Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 price target on shares of Meridian Bancorp in a research report on Thursday, January 25th.
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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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