James G. Sartori Sells 1,500 Shares of Meridian Bancorp, Inc. (EBSB) Stock

Meridian Bancorp, Inc. (NASDAQ:EBSB) Director James G. Sartori sold 1,500 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $17.36, for a total value of $26,040.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

James G. Sartori also recently made the following trade(s):

  • On Friday, July 28th, James G. Sartori sold 8,324 shares of Meridian Bancorp stock. The stock was sold at an average price of $17.46, for a total value of $145,337.04.

Shares of Meridian Bancorp, Inc. (NASDAQ EBSB) traded down 1.16% during midday trading on Friday, hitting $17.05. The stock had a trading volume of 176,450 shares. Meridian Bancorp, Inc. has a one year low of $15.06 and a one year high of $20.55. The firm has a 50 day moving average price of $17.03 and a 200 day moving average price of $17.75. The stock has a market cap of $869.60 million, a PE ratio of 21.86 and a beta of 0.26.

Meridian Bancorp (NASDAQ:EBSB) last issued its earnings results on Tuesday, July 25th. The savings and loans company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. Meridian Bancorp had a return on equity of 6.77% and a net margin of 22.50%. The business had revenue of $40.49 million for the quarter. On average, equities analysts forecast that Meridian Bancorp, Inc. will post $0.83 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Meridian Bancorp by 2,313.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,938 shares of the savings and loans company’s stock valued at $100,000 after buying an additional 5,692 shares during the period. Sei Investments Co. raised its stake in shares of 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 valued at $108,000 after buying an additional 325 shares during the period. Banc Funds Co. LLC acquired a new stake in shares of Meridian Bancorp during the second quarter valued at $169,000. Prudential Financial Inc. acquired a new stake in shares of Meridian Bancorp during the second quarter valued at $178,000. Finally, Stevens Capital Management LP acquired a new stake in shares of Meridian Bancorp during the first quarter valued at $200,000. 64.97% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have 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 on the stock in a research note on Monday, June 26th. BidaskClub lowered Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Meridian Bancorp in a research note on Wednesday, July 26th.

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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