Meridian Bancorp Inc. (EBSB) Sees Strong Trading Volume
Meridian Bancorp Inc. (NASDAQ:EBSB) saw strong trading volume on Tuesday . 185,852 shares were traded during mid-day trading, a decline of 6% from the previous session’s volume of 197,588 shares.The stock last traded at $15.51 and had previously closed at $15.37.
The company’s 50-day moving average price is $14.87 and its 200 day moving average price is $14.15. The stock has a market cap of $798.80 million and a PE ratio of 32.27.
Meridian Bancorp (NASDAQ:EBSB) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. Analysts forecast that Meridian Bancorp Inc. will post $0.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 17th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, June 15th.
Several hedge funds and institutional investors recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased 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. Schroder Investment Management Group increased 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 increased 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, California State Teachers Retirement System increased 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.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.