Can Meridian Bancorp Inc (NASDAQ:EBSB) truly back claims of $0.05 dividends by Oct 2, 2018?

September 16, 2018 - By Megan Stone

Investors sentiment increased to 1.38 in 2018 Q2. Its up 0.27, from 1.11 in 2018Q1. It increased, as 9 investors sold Meridian Bancorp, Inc. shares while 36 reduced holdings. 15 funds opened positions while 47 raised stakes. 35.08 million shares or 2.33% less from 35.92 million shares in 2018Q1 were reported.
California-based Globeflex Cap Ltd Partnership has invested 0.18% in Meridian Bancorp, Inc. (NASDAQ:EBSB). Jpmorgan Chase owns 1.07M shares for 0% of their portfolio. State Common Retirement Fund accumulated 0% or 66,647 shares. Moreover, Pnc Grp Inc has 0% invested in Meridian Bancorp, Inc. (NASDAQ:EBSB). Geode Mgmt Lc reported 543,914 shares. 7,791 were reported by Legal General Gru Public Limited Liability Company. Citigroup invested in 8,847 shares. Wells Fargo & Mn holds 0% in Meridian Bancorp, Inc. (NASDAQ:EBSB) or 260,370 shares. Monarch Ptnrs Asset Ltd Limited Liability Company holds 1.3% or 748,374 shares in its portfolio. Anchor Advisors Limited Com has invested 0.04% in Meridian Bancorp, Inc. (NASDAQ:EBSB). Jacobs Levy Equity Mgmt holds 0.04% or 133,656 shares in its portfolio. Cortina Asset Management Lc reported 0.24% in Meridian Bancorp, Inc. (NASDAQ:EBSB). Thrivent For Lutherans invested 0.05% in Meridian Bancorp, Inc. (NASDAQ:EBSB). Metropolitan Life Communication New York holds 16,496 shares or 0% of its portfolio. Hussman Strategic Advisors Inc invested 0.02% of its portfolio in Meridian Bancorp, Inc. (NASDAQ:EBSB).

Meridian Bancorp Inc (NASDAQ:EBSB) is expected to pay $0.05 on Oct 2, 2018. Shareholders owning the stock before Sep 17, 2018 will be eligible to receive the payout. Based on Meridian Bancorp Inc’s current price of $17.60, the dividend is 0.28 %. This dividend’s record date is Sep 18, 2018 and the announcement date is Aug 29, 2018. The stock increased 0.28% or $0.05 during the last trading session, reaching $17.6. About 184,903 shares traded or 30.01% up from the average. Meridian Bancorp, Inc. (NASDAQ:EBSB) has declined 3.27% since September 16, 2017 and is downtrending. It has underperformed by 18.89% the S&P500.

Meridian Bancorp, Inc. operates as the holding firm for East Boston Savings Bank that provides various financial services and products for individuals and businesses primarily in Suffolk, Norfolk, Middlesex, and Essex counties, Massachusetts. The company has market cap of $854.56 million. The firm accepts various deposit products, such as non-interest-bearing demand deposits comprising checking accounts; interest-bearing demand accounts, including NOW and money market accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts. It has a 19.13 P/E ratio. The Company’s loan portfolio consists of commercial real estate loans, which are secured by properties used for business purposes, such as office buildings, industrial facilities, and retail facilities; one- to four-family residential loans, including mortgage loans that enable borrowers to purchase or refinance existing homes; multi-family real estate loans; construction loans; commercial and industrial loans; home equity lines of credit; and consumer loans, including automobile loans, loans secured by passbook or certificate accounts, credit builder, and annuity and overdraft loans.

Another recent and important Meridian Bancorp, Inc. (NASDAQ:EBSB) news was published by Bizjournals.com which published an article titled: “Analyst: Chase poses ‘significant, long-term threat to Boston banks'” on August 29, 2018.

Meridian Bancorp, Inc. (NASDAQ:EBSB) Ratings Chart

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