Meridian Bancorp (EBSB) Earning Somewhat Favorable Media Coverage, Study Shows

Media coverage about Meridian Bancorp (NASDAQ:EBSB) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Meridian Bancorp earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the savings and loans company an impact score of 45.6327107345419 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of equities analysts have commented on EBSB shares. BidaskClub raised shares of Meridian Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.50 price objective on shares of Meridian Bancorp in a research note on Friday, December 22nd.

Meridian Bancorp (NASDAQ:EBSB) traded down $0.60 during mid-day trading on Friday, hitting $20.60. 195,768 shares of the company were exchanged, compared to its average volume of 251,223. Meridian Bancorp has a 52-week low of $15.85 and a 52-week high of $21.30. 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 stock has a market cap of $1,144.17, a PE ratio of 23.68 and a beta of 0.27.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, December 18th. This is a boost from Meridian Bancorp’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.97%. Meridian Bancorp’s payout ratio is currently 22.99%.

In related news, Director Marilyn A. Censullo sold 11,929 shares of Meridian Bancorp stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $19.95, for a total transaction of $237,983.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anna R. Dimaria sold 14,690 shares of Meridian Bancorp stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $20.16, for a total transaction of $296,150.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,420 shares of company stock valued at $826,454. 5.10% of the stock is owned by corporate insiders.

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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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