Richard F. Fernandez Sells 10,000 Shares of Meridian Bancorp Inc. (EBSB) Stock
Meridian Bancorp Inc. (NASDAQ:EBSB) Director Richard F. Fernandez sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $16.20, for a total value of $162,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Meridian Bancorp Inc. (NASDAQ:EBSB) opened at 16.65 on Friday. The firm has a market capitalization of $848.85 million, a price-to-earnings ratio of 29.21 and a beta of 0.27. The company’s 50 day moving average price is $15.70 and its 200-day moving average price is $15.20. Meridian Bancorp Inc. has a 12-month low of $12.28 and a 12-month high of $16.95.
Meridian Bancorp (NASDAQ:EBSB) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. Meridian Bancorp had a return on equity of 5.06% and a net margin of 19.53%. On average, equities analysts anticipate that Meridian Bancorp Inc. will post $0.61 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in shares of Meridian Bancorp by 2.8% in the second quarter. FMR LLC now owns 4,737,098 shares of the company’s stock worth $70,015,000 after buying an additional 127,143 shares during the period. Vanguard Group Inc. boosted its stake in shares of Meridian Bancorp by 7.4% in the second quarter. Vanguard Group Inc. now owns 1,889,411 shares of the company’s stock worth $27,925,000 after buying an additional 129,797 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Meridian Bancorp by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,735,672 shares of the company’s stock worth $25,653,000 after buying an additional 121,686 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Meridian Bancorp by 6.8% in the third quarter. BlackRock Fund Advisors now owns 1,352,735 shares of the company’s stock worth $21,062,000 after buying an additional 86,163 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Meridian Bancorp by 7.2% in the first quarter. Renaissance Technologies LLC now owns 1,342,644 shares of the company’s stock worth $18,690,000 after buying an additional 90,217 shares during the period. 66.02% of the stock is owned by hedge funds and other 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.
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