Meridian Bancorp, Inc. (NASDAQ:EBSB) has received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Meridian Bancorp’s rating score has improved by 33.3% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokerages have set a 1 year consensus price objective of $20.00 for the company and are predicting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Meridian Bancorp an industry rank of 105 out of 265 based on the ratings given to its competitors.

Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 price target on shares of Meridian Bancorp in a report on Thursday, August 31st.

Meridian Bancorp (NASDAQ:EBSB) traded down $0.15 during midday trading on Wednesday, hitting $20.00. 198,154 shares of the stock traded hands, compared to its average volume of 192,727. Meridian Bancorp has a 1-year low of $15.85 and a 1-year high of $20.71. 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 $1,087.50, a price-to-earnings ratio of 23.16 and a beta of 0.27.

In other news, Director Richard F. Fernandez sold 14,801 shares of Meridian Bancorp stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $19.75, for a total value of $292,319.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marilyn A. Censullo sold 11,929 shares of Meridian Bancorp stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $19.95, for a total transaction of $237,983.55. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of EBSB. BNP Paribas Arbitrage SA boosted its holdings in shares of Meridian Bancorp by 2,313.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,938 shares of the savings and loans company’s stock valued at $100,000 after buying an additional 5,692 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Meridian Bancorp during the 2nd quarter valued at about $126,000. Banc Funds Co. LLC acquired a new position in Meridian Bancorp during the 2nd quarter valued at about $169,000. Wolverine Trading LLC acquired a new position in Meridian Bancorp during the 2nd quarter valued at about $173,000. Finally, Prudential Financial Inc. acquired a new position in Meridian Bancorp during the 2nd quarter valued at about $178,000. 66.09% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This news story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/02/analysts-expect-meridian-bancorp-inc-ebsb-to-announce-0-24-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on Meridian Bancorp (EBSB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Meridian Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meridian Bancorp Inc. and related stocks with our FREE daily email newsletter.