Compass Point lowered shares of Meridian Bancorp Inc. (NASDAQ:EBSB) from a buy rating to a neutral rating in a report issued on Friday.

Meridian Bancorp (NASDAQ:EBSB) traded down 0.140% during trading on Friday, reaching $17.825. 117,269 shares of the company’s stock were exchanged. Meridian Bancorp has a 52 week low of $12.28 and a 52 week high of $18.95. The stock has a market capitalization of $908.75 million, a PE ratio of 31.272 and a beta of 0.27. The stock has a 50-day moving average of $15.99 and a 200-day moving average of $15.32.

Meridian Bancorp (NASDAQ:EBSB) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.18 EPS for the quarter, topping 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 research analysts anticipate that Meridian Bancorp will post $0.61 EPS for the current year.

In related news, Director James G. Sartori sold 16,837 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $16.00, for a total value of $269,392.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Fernandez sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $16.20, for a total value of $162,000.00. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in EBSB. UBS Asset Management Americas Inc. increased its position in shares of Meridian Bancorp by 18.1% in the second quarter. UBS Asset Management Americas Inc. now owns 27,400 shares of the company’s stock worth $405,000 after buying an additional 4,200 shares during the period. First Trust Advisors LP increased its position in shares of Meridian Bancorp by 91.6% in the second quarter. First Trust Advisors LP now owns 101,276 shares of the company’s stock worth $1,497,000 after buying an additional 48,414 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Meridian Bancorp during the second quarter worth about $505,000. State Board of Administration of Florida Retirement System increased its position in shares of Meridian Bancorp by 2.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 11,045 shares of the company’s stock worth $163,000 after buying an additional 238 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new position in shares of Meridian Bancorp during the second quarter worth about $8,455,000. 66.74% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:EBSB

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