Media coverage about Meridian Bancorp (NASDAQ:EBSB) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Meridian Bancorp earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the savings and loans company an impact score of 46.6355479264184 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.00 target price on shares of Meridian Bancorp in a research report on Thursday, August 31st. BidaskClub downgraded Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Meridian Bancorp in a research report on Wednesday, July 26th.
Shares of Meridian Bancorp (EBSB) traded down $0.20 during trading on Friday, reaching $19.70. The company had a trading volume of 98,332 shares, compared to its average volume of 168,612. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.23 and a current ratio of 1.23. Meridian Bancorp has a 52-week low of $15.70 and a 52-week high of $20.55. The stock has a market capitalization of $1,062.76, a P/E ratio of 22.64 and a beta of 0.28.
In related news, Director James G. Sartori sold 1,500 shares of the firm’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.10% of the company’s stock.
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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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