|Bid||21.23 x 900|
|Ask||21.25 x 800|
|Day's range||21.13 - 21.63|
|52-week range||9.75 - 22.97|
|Beta (5Y monthly)||1.06|
|PE ratio (TTM)||13.99|
|Earnings date||19 Jul 2021 - 23 Jul 2021|
|Forward dividend & yield||0.40 (1.86%)|
|Ex-dividend date||16 Jun 2021|
|1y target est||24.00|
Performance at Meridian Bancorp, Inc. ( NASDAQ:EBSB ) has been reasonably good and CEO Richard Gavegnano has done a...
The Boston banking scene got thrown for another loop recently after Independent Bank Corp. (NASDAQ: INDB), the parent company of Rockland Trust, announced that it plans to buy Meridian Bancorp (NASDAQ: EBSB), the parent company of East Boston Savings Bank. The deal comes just after Independent's main competitor, Eastern Bankshares, announced that it plans to buy Century Bancorp. Independent Bank is a $13.8-billion-asset bank that stretches from southern Massachusetts in Cape Cod to Boston to Central Massachusetts in Worcester.
Meridian Bancorp (EBSB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.