Meridian Bancorp Inc. (EBSB) Sees Large Volume Increase
Meridian Bancorp Inc. (NASDAQ:EBSB) shares saw strong trading volume on Friday . 122,155 shares traded hands during trading, an increase of 8% from the previous session’s volume of 112,606 shares.The stock last traded at $15.41 and had previously closed at $15.36.
The stock has a market capitalization of $785.29 million and a PE ratio of 31.41. The stock’s 50-day moving average price is $15.21 and its 200-day moving average price is $14.53.
Meridian Bancorp (NASDAQ:EBSB) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.03. On average, equities research analysts predict that Meridian Bancorp Inc. will post $0.56 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Meridian Bancorp stock. Schwab Charles Investment Management Inc. increased its stake in shares of Meridian Bancorp Inc. (NASDAQ:EBSB) by 9.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 164,116 shares of the company’s stock after buying an additional 14,167 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.32% of Meridian Bancorp worth $2,315,000 as of its most recent filing with the SEC.
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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