Meridian Bancorp Inc (EBSB) Files 10-K for the Fiscal Year Ended on December 31, 2017

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Meridian Bancorp Inc (EBSB) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Meridian Bancorp Inc owns and operates the East Boston Savings Bank. Through East Boston Savings Bank, it offers deposit accounts, loan products to individuals and businesses. The company operates its business across multiple locations in Massachusetts. Meridian Bancorp Inc has a market cap of $1.09 billion; its shares were traded at around $20.10 with a P/E ratio of 24.52 and P/S ratio of 6.57. The dividend yield of Meridian Bancorp Inc stocks is 0.85%. Meridian Bancorp Inc had annual average EBITDA growth of 22.60% over the past five years.


For the last quarter Meridian Bancorp Inc reported a revenue of $48.0 million, compared with the revenue of $39.03 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $169.3 million, an increase of 23.8% from last year. For the last five years Meridian Bancorp Inc had an average revenue growth rate of 13.8% a year.

The reported diluted earnings per share was 82 cents for the year, an increase of 26.2% from previous year. Over the last five years Meridian Bancorp Inc had an EPS growth rate of 28.8% a year. The Meridian Bancorp Inc enjoyed an operating margin of 45.16%, compared with the operating margin of 38.08% a year before. The 10-year historical median operating margin of Meridian Bancorp Inc is 25.12%. The profitability rank of the company is 6 (out of 10).

At the end of the fiscal year, Meridian Bancorp Inc has the cash and cash equivalents of $472.0 million, compared with $316.7 million in the previous year. The long term debt was $513.4 million, compared with $322.5 million in the previous year. The interest coverage to the debt is 2, which is not a favorable level. Meridian Bancorp Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $20.10, Meridian Bancorp Inc is traded at 16.9% premium to its historical median P/S valuation band of $17.20. The P/S ratio of the stock is 6.57, while the historical median P/S ratio is 5.63. The stock gained 6.14% during the past 12 months.

Directors and Officers Recent Trades:

  • Director James G Sartori sold 896 shares of EBSB stock on 02/01/2018 at the average price of $20.21. The price of the stock has decreased by 0.54% since.

For the complete 20-year historical financial data of EBSB, click here.

This article first appeared on GuruFocus.


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