Richard F. Fernandez Sells 14,801 Shares of Meridian Bancorp, Inc. (EBSB) Stock
Meridian Bancorp, Inc. (NASDAQ:EBSB) Director Richard F. Fernandez sold 14,801 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $19.75, for a total value of $292,319.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Meridian Bancorp, Inc. (NASDAQ:EBSB) opened at $19.95 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market cap of $1,070.00, a PE ratio of 22.53 and a beta of 0.64. Meridian Bancorp, Inc. has a 12-month low of $15.85 and a 12-month high of $20.55.
Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its position in shares of Meridian Bancorp by 2,313.8% during the second quarter. BNP Paribas Arbitrage SA now owns 5,938 shares of the savings and loans company’s stock worth $100,000 after purchasing an additional 5,692 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Meridian Bancorp during the second quarter worth about $126,000. Banc Funds Co. LLC bought a new position in shares of Meridian Bancorp during the second quarter worth about $169,000. Wolverine Trading LLC bought a new position in shares of Meridian Bancorp during the second quarter worth about $173,000. Finally, Prudential Financial Inc. bought a new position in shares of Meridian Bancorp during the second quarter worth about $178,000. 64.91% of the stock is owned by institutional investors.
A number of analysts have recently commented on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $19.00 price objective on shares of Meridian Bancorp in a report on Thursday, August 31st. BidaskClub downgraded Meridian Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Piper Jaffray Companies reiterated a “hold” rating on shares of Meridian Bancorp in a report on Wednesday, July 26th.
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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