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How to buy Meridian Bancorp (EBSB) stock

Learn how to easily invest in Meridian Bancorp stock.

Meridian Bancorp, Inc
NASDAQ: EBSB - USD
BANKS-REGIONAL
$19.05
+$0.16 (+0.82%)

Meridian Bancorp, Inc is a banks-regional business based in the US. Meridian Bancorp shares (EBSB) are listed on the NASDAQ and all prices are listed in US Dollars. Meridian Bancorp employs 478 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in Meridian Bancorp

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – EBSB – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Meridian Bancorp stock price (NASDAQ: EBSB)

Use our graph to track the performance of EBSB stocks over time.

Meridian Bancorp shares at a glance

Information last updated 2021-07-24.
Latest market close$22.05
52-week range$9.60 - $22.86
50-day moving average $20.47
200-day moving average $18.99
Wall St. target price$24.00
PE ratio 12.6316
Dividend yield $0.34 (1.81%)
Earnings per share (TTM) $1.50

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Meridian Bancorp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Meridian Bancorp price performance over time

Historical closes compared with the close of $22.05 from 2021-05-28

1 week (2021-07-17) N/A
1 month (2021-06-28) 8.04%
3 months (2021-04-28) -2.65%
6 months (2021-01-24) N/A
1 year (2020-07-24) N/A
2 years (2019-07-24) N/A
3 years (2018-07-24) N/A
5 years (2016-07-24) N/A

Is Meridian Bancorp under- or over-valued?

Valuing Meridian Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Meridian Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Meridian Bancorp's P/E ratio

Meridian Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 13x. In other words, Meridian Bancorp shares trade at around 13x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Meridian Bancorp's PEG ratio

Meridian Bancorp's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.96. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Meridian Bancorp's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Meridian Bancorp financials

Revenue TTM $201.1 million
Operating margin TTM 51.56%
Gross profit TTM $183.5 million
Return on assets TTM 1.19%
Return on equity TTM 9.85%
Profit margin 37.62%
Book value $15.23
Market capitalisation $994.5 million

TTM: trailing 12 months

Shorting Meridian Bancorp shares

There are currently 1.2 million Meridian Bancorp shares held short by investors – that's known as Meridian Bancorp's "short interest". This figure is 22.4% up from 976,072 last month.

There are a few different ways that this level of interest in shorting Meridian Bancorp shares can be evaluated.

Meridian Bancorp's "short interest ratio" (SIR)

Meridian Bancorp's "short interest ratio" (SIR) is the quantity of Meridian Bancorp shares currently shorted divided by the average quantity of Meridian Bancorp shares traded daily (recently around 263200). Meridian Bancorp's SIR currently stands at 4.54. In other words for every 100,000 Meridian Bancorp shares traded daily on the market, roughly 4540 shares are currently held short.

However Meridian Bancorp's short interest can also be evaluated against the total number of Meridian Bancorp shares, or, against the total number of tradable Meridian Bancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Meridian Bancorp's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Meridian Bancorp shares in existence, roughly 20 shares are currently held short) or 0.025% of the tradable shares (for every 100,000 tradable Meridian Bancorp shares, roughly 25 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Meridian Bancorp.

Find out more about how you can short Meridian Bancorp stock.

Meridian Bancorp share dividends

26%

Dividend payout ratio: 26.13% of net profits

Recently Meridian Bancorp has paid out, on average, around 26.13% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.12% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Meridian Bancorp shareholders could enjoy a 2.12% return on their shares, in the form of dividend payments. In Meridian Bancorp's case, that would currently equate to about $0.34 per share.

While Meridian Bancorp's payout ratio might seem fairly standard, it's worth remembering that Meridian Bancorp may be investing much of the rest of its net profits in future growth.

Meridian Bancorp's most recent dividend payout was on 30 June 2021. The latest dividend was paid out to all shareholders who bought their shares by 15 June 2021 (the "ex-dividend date").

Have Meridian Bancorp's shares ever split?

Meridian Bancorp's shares were split on a 2448:1000 basis on 28 July 2014. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 2448 shares. This wouldn't directly have changed the overall worth of your Meridian Bancorp shares – just the quantity. However, indirectly, the new 59.2% lower share price could have impacted the market appetite for Meridian Bancorp shares which in turn could have impacted Meridian Bancorp's share price.

Meridian Bancorp share price volatility

Over the last 12 months, Meridian Bancorp's shares have ranged in value from as little as $9.6006 up to $22.8623. A popular way to gauge a stock's volatility is its "beta".

EBSB.US volatility(beta: 1.05)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Meridian Bancorp's is 1.0528. This would suggest that Meridian Bancorp's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Meridian Bancorp overview

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, including NOW and money market accounts; savings accounts; and certificates of deposit, as well as commercial checking accounts. Its loan portfolio includes commercial real estate loans, which are secured by properties used for business purposes, such as office buildings, industrial facilities, and retail facilities; one- to four-family residential loans, such as mortgage loans that enable borrowers to purchase or refinance existing homes; multi-family real estate loans; construction loans; commercial and industrial loans; home equity lines of credit; and consumer loans, including automobile loans, loans secured by savings or certificate accounts, credit builders, and annuity and overdraft loans. The company also engages in the securities transactions business. The company operates 42 full-service locations, one mobile branch, and three loan centers. Meridian Bancorp, Inc.

Frequently asked questions

What percentage of Meridian Bancorp is owned by insiders or institutions?
Currently 9.941% of Meridian Bancorp shares are held by insiders and 72.846% by institutions.
How many people work for Meridian Bancorp?
Latest data suggests 478 work at Meridian Bancorp.
When does the fiscal year end for Meridian Bancorp?
Meridian Bancorp's fiscal year ends in December.
Where is Meridian Bancorp based?
Meridian Bancorp's address is: 67 Prospect Street, Peabody, MA, United States, 01960
What is Meridian Bancorp's ISIN number?
Meridian Bancorp's international securities identification number is: US58958U1034
What is Meridian Bancorp's CUSIP number?
Meridian Bancorp's Committee on Uniform Securities Identification Procedures number is: 58958U103

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