Meridian Bancorp Inc. (EBSB) Hits New 12-Month High at $15.45
Shares of Meridian Bancorp Inc. (NASDAQ:EBSB) hit a new 52-week high during trading on Monday . The stock traded as high as $15.45 and last traded at $15.41, with a volume of 98,865 shares traded. The stock had previously closed at $15.21.
The stock has a market capitalization of $798.80 million and a price-to-earnings ratio of 32.27. The stock has a 50 day moving average of $14.87 and a 200 day moving average of $14.15.
Meridian Bancorp (NASDAQ:EBSB) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Equities research analysts predict that Meridian Bancorp Inc. will post $0.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 17th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, June 15th.
A number of hedge funds and institutional investors recently bought and sold shares of the company. California State Teachers Retirement System boosted 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 valued at $1,436,000 after buying an additional 1,800 shares during the period. Schroder Investment Management Group boosted 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 valued at $8,181,000 after buying an additional 43,600 shares during the period. Boston Partners boosted 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 valued at $18,004,000 after buying an additional 155,100 shares during the period. Finally, Dimensional Fund Advisors LP boosted 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 valued at $19,659,000 after buying an additional 215,923 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.
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