Meridian Bancorp (EBSB) Getting Somewhat Positive Press Coverage, Report Shows

Media coverage about Meridian Bancorp (NASDAQ:EBSB) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Meridian Bancorp earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the savings and loans company an impact score of 46.2351609227506 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Meridian Bancorp (NASDAQ EBSB) opened at $21.05 on Thursday. 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 has a 1-year low of $15.85 and a 1-year high of $21.30. The company has a market capitalization of $1,130.00, a P/E ratio of 24.48 and a beta of 0.64.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th were issued a $0.05 dividend. This is an increase from Meridian Bancorp’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, December 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.95%. Meridian Bancorp’s dividend payout ratio (DPR) is 23.26%.

A number of research analysts have commented on the company. BidaskClub raised Meridian Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, December 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.50 target price on shares of Meridian Bancorp in a report on Friday, December 22nd.

In related news, Director Marilyn A. Censullo sold 11,929 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $19.95, for a total value of $237,983.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Anna R. Dimaria sold 14,690 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $20.16, for a total value of $296,150.40. The disclosure for this sale can be found here. In the last three months, insiders sold 41,420 shares of company stock worth $826,454. 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.

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

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