Meridian Bancorp (NASDAQ:EBSB) Earning Favorable Press Coverage, Report Shows
News coverage about Meridian Bancorp (NASDAQ:EBSB) has been trending positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Meridian Bancorp earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave news articles about the savings and loans company an impact score of 45.0996709361933 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several brokerages recently commented on EBSB. Piper Jaffray Companies reissued a “hold” rating on shares of Meridian Bancorp in a research report on Wednesday, July 26th. BidaskClub cut Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Compass Point raised 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.
Shares of Meridian Bancorp (EBSB) opened at 17.05 on Friday. The stock has a 50 day moving average price of $17.03 and a 200-day moving average price of $17.75. The firm has a market capitalization of $869.60 million, a PE ratio of 21.86 and a beta of 0.26. Meridian Bancorp has a 52-week low of $15.06 and a 52-week high of $20.55.
Meridian Bancorp (NASDAQ:EBSB) last released its earnings results on Tuesday, July 25th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $40.49 million during the quarter. Meridian Bancorp had a return on equity of 6.77% and a net margin of 22.50%. Equities analysts forecast that Meridian Bancorp will post $0.83 EPS for the current year.
In other news, Director James G. Sartori sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $17.36, for a total value of $26,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Frank Romano bought 3,785 shares of Meridian Bancorp stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $17.69 per share, with a total value of $66,956.65. The disclosure for this purchase can be found here. Corporate insiders own 5.10% of the company’s stock.
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Meridian Bancorp Company Profile
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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