Meridian Bancorp Inc. (EBSB) Sees Strong Trading Volume
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 firm has a 50-day moving average price of $15.05 and a 200-day moving average price of $14.43. The firm has a market capitalization of $772.02 million and a price-to-earnings ratio of 30.88.
Meridian Bancorp (NASDAQ:EBSB) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.03. On average, equities analysts predict that Meridian Bancorp Inc. will post $0.56 earnings per share for the current year.
An institutional investor recently raised its position in Meridian Bancorp stock. California State Teachers Retirement System increased its position in Meridian Bancorp Inc. (NASDAQ:EBSB) by 1.8% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 101,852 shares of the company’s stock after buying an additional 1,800 shares during the period. California State Teachers Retirement System owned about 0.20% of Meridian Bancorp worth $1,436,000 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.
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.