Meridian Bancorp, Inc. (NASDAQ:EBSB) EVP Frank Romano purchased 3,785 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $17.69 per share, with a total value of $66,956.65. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Meridian Bancorp, Inc. (EBSB) traded down 1.16% during trading on Friday, hitting $17.05. The company had a trading volume of 176,450 shares. The stock’s 50-day moving average is $17.03 and its 200 day moving average is $17.75. Meridian Bancorp, Inc. has a 52-week low of $15.06 and a 52-week high of $20.55. The firm has a market capitalization of $869.60 million, a P/E ratio of 21.86 and a beta of 0.26.
Meridian Bancorp (NASDAQ:EBSB) last posted its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. Meridian Bancorp had a net margin of 22.50% and a return on equity of 6.77%. The company had revenue of $40.49 million during the quarter. Equities research analysts predict that Meridian Bancorp, Inc. will post $0.83 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Stevens Capital Management LP bought a new stake in Meridian Bancorp during the first quarter worth about $200,000. Acadian Asset Management LLC increased its stake in Meridian Bancorp by 27.3% in the first quarter. Acadian Asset Management LLC now owns 529,343 shares of the savings and loans company’s stock worth $9,688,000 after buying an additional 113,449 shares during the last quarter. Sei Investments Co. increased its stake in Meridian Bancorp by 5.8% in the first quarter. Sei Investments Co. now owns 5,918 shares of the savings and loans company’s stock worth $108,000 after buying an additional 325 shares during the last quarter. NBW Capital LLC increased its stake in Meridian Bancorp by 5.1% in the first quarter. NBW Capital LLC now owns 95,246 shares of the savings and loans company’s stock worth $1,743,000 after buying an additional 4,591 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Meridian Bancorp by 5.9% in the first quarter. TIAA CREF Investment Management LLC now owns 185,745 shares of the savings and loans company’s stock worth $3,399,000 after buying an additional 10,306 shares during the last quarter. Institutional investors own 64.97% of the company’s stock.
Several equities analysts recently weighed in on EBSB shares. Compass Point upgraded Meridian Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Monday, June 26th. Piper Jaffray Companies restated a “hold” rating on shares of Meridian Bancorp in a research note on Wednesday, July 26th. Finally, BidaskClub lowered Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th.
About Meridian Bancorp
Meridian Bancorp Inc, formerly Meridian Interstate Bancorp, Inc, is a mid-tier stock holding company of East Boston Savings Bank (the Bank). The Bank is a state-chartered stock savings bank that operates from 24 full-service locations and two loan centers in the Boston metropolitan area. East Boston Savings Bank operates eight of its full-service locations and a loan center under the name Mt.
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