Meridian Bancorp Inc. (EBSB) Sees Unusually-High Trading Volume
Meridian Bancorp Inc. (NASDAQ:EBSB) shares saw unusually-strong trading volume on Thursday . Approximately 194,567 shares changed hands during mid-day trading, an increase of 53% from the previous session’s volume of 126,960 shares.The stock last traded at $15.35 and had previously closed at $15.12.
The company’s 50 day moving average is $15.16 and its 200 day moving average is $14.49. The company has a market capitalization of $781.21 million and a PE ratio of 31.24.
Meridian Bancorp (NASDAQ:EBSB) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.03. On average, equities analysts forecast that Meridian Bancorp Inc. will post $0.56 EPS for the current fiscal year.
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.