What You Need To Know About Meridian Bancorp Inc. (EBSB)

Meridian Bancorp Inc. (NASDAQ:EBSB) finished Friday with an addition of $0.43 to close at $23.22, an upside of 1.89 percent. An average of 362,440 shares of common stock have been traded in the last five days. There was a gain of $1.23 in the past week, and it reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 279,180 shares traded, while the 50-day average volume stands at 238,040.

EBSB stock has increased by 15.29% in the last month. The company shares reached their 1-month lowest point of $19.58 on 09/23/21. With the stock rallying to its 52-week high on 10/22/21, shares of the company touched a low of $11.41 and a high of $23.21 in 52 weeks. It has reached a new high 22 times so far this year and achieved 55.73% or $8.31 in price. In spite of this, the price is up 0.04% from the 52-week high.


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Valuation Metrics

Meridian Bancorp Inc. (EBSB) has a trailing price-to-earnings (P/E) ratio of 15.50, which compares with the 16.80 for the broader industry and 13.15 for the sector. In the last five years, Meridian Bancorp Inc.’s PE ratio has ranged between 34.38 and 7.512. The stock’s beta is 1.06. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.13, the price-to-book (PB) ratio at 1.46, and the price-to-cash flow ratio at 23.70.

Meridian Bancorp Inc. pays a $0.40 dividend per share annually. It offers a dividend yield of 1.72%. The company has a payout ratio of 23.90%. The company’s most recent quarterly dividend payment took place on Oct. 5, and it was $0.10 a share, without any change from last year. Its dividend has been increased for the last 5 consecutive years with the latest increase dividend $0.02 reported on Wednesday February 24 2021.Dividends have grown by 88.24% each year over the last three years.

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $192.73 million compared to revenue of $252.11 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Meridian Bancorp Inc.’s return on assets was 1.20%. For the broader industry, ROE averaged 11.10 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Meridian Bancorp Inc. had $560.63 million in total debt. The analyst consensus anticipated Meridian Bancorp Inc.’s latest quarter earnings to come in at $0.39 per share, but it turned out to be $0.32, a -17.90% surprise. At the end of the quarter ending June 29, Meridian Bancorp Inc.’s stock balance sheet showed total debt was $566.01 million. Shareholders own equity worth $52.61 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Meridian Bancorp Inc. (EBSB) price momentum. RSI 9-day as of the close on 22 October was 72.60%, suggesting the stock is Overbought, with historical volatility in this time frame at 22.89%.

As of today, EBSB’s price is $22.75 +5.59% or $1.23 from its 5-day moving average. EBSB is currently trading +14.78% higher than its 20-day SMA and +6.46% higher than its 100-day SMA. However, the stock’s current price level is +12.17% above the SMA50 and +44.76% above the SMA200.

The stochastic %K and %D were 93.33% and 90.40%, respectively, and the average true range (ATR) was 0.59. With the 14-day stochastic at 97.61% and the average true range at 0.59, the RSI (14) stands at 69.23%. The stock has reached 0.64 on the 9-day MACD Oscillator while the 14-day reading was at 0.84.

Analyst Ratings

Raymond James downgraded Meridian Bancorp Inc. (NASDAQ: EBSB) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as a Strong buy. The consensus rating for Meridian Bancorp Inc. (EBSB) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EBSB, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is EBSB’s price target for the next 12 months?

Analysts predict a range of price targets between $25.00 and $25.00, with a median target of $25.00. Taking a look at these predictions, the average price target given by analysts for Meridian Bancorp Inc. (EBSB) stock is $25.00.

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