Media coverage about Meridian Bancorp (NASDAQ:EBSB) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Meridian Bancorp earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the savings and loans company an impact score of 45.937154366107 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
EBSB has been the topic of several recent research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.00 price objective on shares of Meridian Bancorp in a research report on Thursday, August 31st. BidaskClub lowered shares of Meridian Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th.
Shares of Meridian Bancorp (NASDAQ:EBSB) opened at $19.85 on Wednesday. Meridian Bancorp has a 1 year low of $15.85 and a 1 year high of $20.73. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. The company has a market cap of $1,070.00, a PE ratio of 22.59 and a beta of 0.63.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th will be given a $0.05 dividend. The ex-dividend date is Monday, December 18th. This is a positive change from Meridian Bancorp’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 1.01%. Meridian Bancorp’s payout ratio is currently 18.60%.
In related news, Director Richard F. Fernandez sold 14,801 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $19.75, for a total value of $292,319.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Marilyn A. Censullo sold 11,929 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $19.95, for a total transaction of $237,983.55. The disclosure for this sale can be found here. Insiders sold a total of 41,420 shares of company stock worth $826,454 over the last quarter. Insiders own 5.10% of the company’s stock.
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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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