Meridian Bancorp, Inc. (NASDAQ:EBSB) Director James G. Sartori sold 8,324 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $17.46, for a total value of $145,337.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
James G. Sartori also recently made the following trade(s):
- On Wednesday, August 9th, James G. Sartori sold 1,500 shares of Meridian Bancorp stock. The stock was sold at an average price of $17.36, for a total value of $26,040.00.
Meridian Bancorp, Inc. (NASDAQ EBSB) traded down 1.16% during trading on Friday, reaching $17.05. The company’s stock had a trading volume of 176,450 shares. The company has a market cap of $869.60 million, a P/E ratio of 21.86 and a beta of 0.26. The company’s 50 day moving average price is $17.03 and its 200 day moving average price is $17.75. Meridian Bancorp, Inc. has a 52 week low of $15.06 and a 52 week high of $20.55.
Meridian Bancorp (NASDAQ:EBSB) last posted its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.22 EPS for the quarter, topping 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. On average, equities analysts anticipate that Meridian Bancorp, Inc. will post $0.83 earnings per share for the current fiscal year.
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Several institutional investors have recently bought and sold shares of the company. Sei Investments Co. increased its position 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 in the last quarter. BNP Paribas Arbitrage SA increased its position in 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 worth $100,000 after buying an additional 5,692 shares in the last quarter. Banc Funds Co. LLC acquired a new position in Meridian Bancorp during the second quarter worth approximately $169,000. Prudential Financial Inc. acquired a new position in Meridian Bancorp during the second quarter worth approximately $178,000. Finally, Stevens Capital Management LP acquired a new position in Meridian Bancorp during the first quarter worth approximately $200,000. Institutional investors own 64.97% of the company’s stock.
Several brokerages recently issued reports on EBSB. Piper Jaffray Companies reiterated a “hold” rating on shares of Meridian Bancorp in a report on Wednesday, July 26th. BidaskClub lowered Meridian Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Compass Point upgraded Meridian Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Monday, June 26th.
Meridian Bancorp Company Profile
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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