Meridian Bancorp, Inc. (NASDAQ:EBSB) Director James G. Sartori sold 1,500 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $17.36, for a total transaction of $26,040.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

James G. Sartori also recently made the following trade(s):

  • On Friday, July 28th, James G. Sartori sold 8,324 shares of Meridian Bancorp stock. The stock was sold at an average price of $17.46, for a total transaction of $145,337.04.

Shares of Meridian Bancorp, Inc. (NASDAQ:EBSB) traded up 0.29% during mid-day trading on Thursday, reaching $17.35. 72,058 shares of the company traded hands. The stock’s 50-day moving average is $16.97 and its 200-day moving average is $17.76. Meridian Bancorp, Inc. has a 52 week low of $15.00 and a 52 week high of $20.55. The company has a market capitalization of $884.90 million, a P/E ratio of 22.24 and a beta of 0.26.

Meridian Bancorp (NASDAQ:EBSB) last issued its earnings results on Tuesday, July 25th. The savings and loans company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.04. The company had revenue of $40.49 million for the quarter. Meridian Bancorp had a net margin of 22.50% and a return on equity of 6.82%. On average, equities analysts predict that Meridian Bancorp, Inc. will post $0.83 EPS for the current fiscal year.

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EBSB has been the subject of several research analyst reports. Compass Point upgraded shares of Meridian Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Monday, June 26th. Piper Jaffray Companies restated a “hold” rating on shares of Meridian Bancorp in a research report on Wednesday, July 26th. Finally, BidaskClub downgraded shares of Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th.

Several hedge funds have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of Meridian Bancorp by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 89,581 shares of the savings and loans company’s stock worth $1,693,000 after buying an additional 1,956 shares during the period. NBW Capital LLC boosted its stake in shares of Meridian Bancorp by 5.1% in the first quarter. NBW Capital LLC now owns 95,246 shares of the savings and loans company’s stock worth $1,743,000 after buying an additional 4,591 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Meridian Bancorp by 27.3% in the first quarter. Acadian Asset Management LLC now owns 529,343 shares of the savings and loans company’s stock worth $9,688,000 after buying an additional 113,449 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Meridian Bancorp by 5.9% in the first quarter. Russell Investments Group Ltd. now owns 442,935 shares of the savings and loans company’s stock worth $8,104,000 after buying an additional 24,645 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Meridian Bancorp by 12.3% in the first quarter. Wells Fargo & Company MN now owns 47,482 shares of the savings and loans company’s stock worth $869,000 after buying an additional 5,200 shares during the period. 64.97% of the stock is currently owned by institutional investors.

About Meridian Bancorp

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.

Insider Buying and Selling by Quarter for Meridian Bancorp (NASDAQ:EBSB)

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