Meridian Bancorp Inc. (EBSB) Sees Strong Trading Volume
Shares of Meridian Bancorp Inc. (NASDAQ:EBSB) saw unusually-strong trading volume on Friday . Approximately 187,362 shares were traded during trading, an increase of 60% from the previous session’s volume of 116,772 shares.The stock last traded at $15.16 and had previously closed at $15.17.
The stock has a market cap of $772.02 million and a PE ratio of 30.88. The company has a 50 day moving average of $15.04 and a 200 day moving average of $14.41.
Meridian Bancorp (NASDAQ:EBSB) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.03. Equities analysts expect that Meridian Bancorp Inc. will post $0.56 EPS for the current year.
A hedge fund recently raised its stake in Meridian Bancorp stock. Schroder Investment Management Group increased its position in shares of Meridian Bancorp Inc. (NASDAQ:EBSB) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 580,200 shares of the company’s stock after buying an additional 43,600 shares during the period. Schroder Investment Management Group owned approximately 1.12% of Meridian Bancorp worth $8,181,000 as of its most recent SEC filing.
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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