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.
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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