Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Meridian Bancorp (EBSB) Stock Price
Media headlines about Meridian Bancorp (NASDAQ:EBSB) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Meridian Bancorp earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave media stories about the savings and loans company an impact score of 45.713677342017 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of research firms have weighed in on EBSB. Piper Jaffray Companies reissued a “hold” rating on shares of Meridian Bancorp in a research report on Wednesday, July 26th. BidaskClub cut shares of Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Compass Point raised shares of Meridian Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Monday, June 26th.
Meridian Bancorp (NASDAQ:EBSB) opened at 17.40 on Thursday. The stock has a market capitalization of $887.45 million, a PE ratio of 22.31 and a beta of 0.26. The firm has a 50-day moving average of $17.18 and a 200-day moving average of $17.64. 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 quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Meridian Bancorp had a net margin of 22.50% and a return on equity of 6.77%. The business had revenue of $40.49 million for the quarter. On average, equities analysts expect that Meridian Bancorp will post $0.82 EPS for the current year.
In other Meridian Bancorp news, Director James G. Sartori sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were 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 SEC, which can be accessed through this link. Also, EVP Frank Romano bought 3,785 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average cost of $17.69 per share, for a total transaction of $66,956.65. The disclosure for this purchase can be found here. 5.10% of the stock is currently owned by company insiders.
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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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