Meridian Bancorp Inc. (EBSB) Sets New 52-Week High at $15.45
Meridian Bancorp Inc. (NASDAQ:EBSB) reached a new 52-week high on Monday . The stock traded as high as $15.45 and last traded at $15.41, with a volume of 98,865 shares traded. The stock had previously closed at $15.21.
The firm has a 50 day moving average of $14.84 and a 200-day moving average of $14.13. The company has a market capitalization of $792.10 million and a price-to-earnings ratio of 32.00.
Meridian Bancorp (NASDAQ:EBSB) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. On average, equities research analysts anticipate that Meridian Bancorp Inc. will post $0.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 17th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Wednesday, June 15th.
Other hedge funds and institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in Meridian Bancorp by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 101,852 shares of the company’s stock worth $1,436,000 after buying an additional 1,800 shares during the period. Schroder Investment Management Group boosted its position in Meridian Bancorp by 8.1% in the fourth quarter. Schroder Investment Management Group now owns 580,200 shares of the company’s stock worth $8,181,000 after buying an additional 43,600 shares during the period. Boston Partners boosted its position in Meridian Bancorp by 13.8% in the fourth quarter. Boston Partners now owns 1,276,890 shares of the company’s stock worth $18,004,000 after buying an additional 155,100 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Meridian Bancorp by 18.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,394,218 shares of the company’s stock worth $19,659,000 after buying an additional 215,923 shares during the period.
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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