Meridian Bancorp Inc (NASDAQ:EBSB) Director Gregory F. Natalucci sold 7,000 shares of Meridian Bancorp stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $15.76, for a total transaction of $110,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ:EBSB opened at $15.73 on Wednesday. The company has a market capitalization of $855.15 million, a P/E ratio of 14.76 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.90. Meridian Bancorp Inc has a 1 year low of $13.67 and a 1 year high of $20.95.
Meridian Bancorp (NASDAQ:EBSB) last announced its quarterly earnings data on Tuesday, January 22nd. The savings and loans company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The firm had revenue of $42.31 million during the quarter, compared to the consensus estimate of $45.20 million. Meridian Bancorp had a net margin of 23.56% and a return on equity of 8.37%. As a group, equities analysts predict that Meridian Bancorp Inc will post 1.2 EPS for the current fiscal year.
EBSB has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Meridian Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. BidaskClub cut shares of Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 24th. Finally, Hovde Group reissued a “hold” rating and issued a $15.00 price objective on shares of Meridian Bancorp in a research note on Monday, January 28th.
A number of large investors have recently made changes to their positions in EBSB. Quantamental Technologies LLC bought a new position in Meridian Bancorp in the fourth quarter valued at approximately $34,000. Baystate Wealth Management LLC grew its stake in shares of Meridian Bancorp by 201.7% during the fourth quarter. Baystate Wealth Management LLC now owns 6,028 shares of the savings and loans company’s stock worth $94,000 after buying an additional 4,030 shares during the last quarter. Caxton Associates LP bought a new stake in shares of Meridian Bancorp during the third quarter worth $184,000. HRT Financial LLC bought a new stake in shares of Meridian Bancorp during the third quarter worth $188,000. Finally, Capital Fund Management S.A. bought a new stake in shares of Meridian Bancorp during the third quarter worth $197,000. 66.08% of the stock is currently owned by institutional investors and hedge funds.
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Meridian Bancorp Company Profile
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 Essex, Middlesex, Norfolk, and Suffolk 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 deposits, as well as commercial checking accounts.
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