Meridian Bancorp (NASDAQ:EBSB) posted its quarterly earnings results on Monday. The savings and loans company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04, MarketWatch Earnings reports. Meridian Bancorp had a net margin of 23.56% and a return on equity of 8.74%. The business had revenue of $57.32 million for the quarter, compared to the consensus estimate of $52.32 million.
Meridian Bancorp stock opened at $14.51 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $760.51 million, a price-to-earnings ratio of 11.61 and a beta of 0.92. Meridian Bancorp has a one year low of $8.88 and a one year high of $19.42. The company’s fifty day moving average price is $15.21 and its two-hundred day moving average price is $12.85.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 5th. Shareholders of record on Tuesday, December 22nd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Monday, December 21st. Meridian Bancorp’s payout ratio is 24.62%.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Meridian Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 29th. TheStreet raised shares of Meridian Bancorp from a “c+” rating to a “b-” rating in a research note on Monday, November 9th.
Meridian Bancorp Company Profile
Meridian Bancorp, Inc operates as the holding company for East Boston Savings Bank that provides various financial products and services for individuals and businesses primarily in Suffolk, Norfolk, Middlesex, and Essex Counties, Massachusetts. The company accepts various deposit products, including non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, such as NOW and money market accounts; savings accounts; and certificates of deposit, as well as commercial checking accounts.
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