Meridian Bancorp, Inc. (NASDAQ:EBSB) will begin trading ex-dividend on September 16, 2020. The quarterly dividend payment of $ 0.08 per share is scheduled to be paid on October 1, 2020. The dividend yield based on the latest trading day closing price was 2.86 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
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Meridian Bancorp, Inc. recently reported second quarter financial results on July 21, 2020, after market close, the Peabody based company outlined income for the second quarter of $ 0.34 per share, from the revenue of $ 56.03 million. Street analysts expected Meridian Bancorp, Inc. recently reported second quarter financial results on July 21, 2020, after market close, the Peabody based company to report income of $ 0.26 per share on revenue of $ 45.61 million for the second quarter. The bottom line results beat street analysts by $ 0.08 or 30.77 percent, at the same time, top line results outshined analysts by $ 10.42 million or 22.85 percent.
Shares of Meridian Bancorp, Inc. traded up $ 0.07 or 0.63 percent on Monday, reaching $ 11.18 with volume of 127.90 thousand shares. Meridian Bancorp, Inc. has traded high as $ 11.34 and has cracked $ 11.15 on the downward trend
The closing price of $ 11.18, representing a 25.11 % increase from the 52 week low of $ 8.88 and a 46.74 % decrease over the 52 week high of $ 20.86.
The company has a market capital of $ 585.98 million and is part of the Financial Services sector and Savings & Cooperative Banks industry.
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 comprising NOW and money market accounts; savings accounts; and certificates of deposit, as well as commercial checking accounts.