Meridian Bancorp (EBSB) Receives News Impact Score of 0.25

News stories about Meridian Bancorp (NASDAQ:EBSB) have been trending positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Meridian Bancorp earned a news impact score of 0.25 on Accern’s scale. Accern also gave media headlines about the savings and loans company an impact score of 45.5141988236399 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Several equities research analysts have issued reports on EBSB shares. Compass Point upgraded Meridian Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Monday, June 26th. BidaskClub downgraded Meridian Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Meridian Bancorp in a report on Wednesday, July 26th.

Meridian Bancorp (NASDAQ EBSB) traded down 0.29% during midday trading on Friday, reaching $17.10. The company’s stock had a trading volume of 238,389 shares. The stock has a 50 day moving average of $17.12 and a 200 day moving average of $17.69. The firm has a market capitalization of $872.15 million, a PE ratio of 21.92 and a beta of 0.26. Meridian Bancorp has a 52 week low of $15.06 and a 52 week high of $20.55.

Meridian Bancorp (NASDAQ:EBSB) last issued its earnings results on Tuesday, July 25th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter. On average, equities research analysts predict that Meridian Bancorp will post $0.82 earnings per share for the current fiscal year.

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 transaction of $26,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Frank Romano purchased 3,785 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $17.69 per share, with a total value of $66,956.65. The disclosure for this purchase can be found here. Corporate 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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