BidaskClub upgraded shares of Meridian Bancorp (NASDAQ:EBSB) from a sell rating to a hold rating in a research note published on Wednesday.

Separately, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $24.50 price target on shares of Meridian Bancorp in a research note on Friday, December 22nd.

Shares of Meridian Bancorp (NASDAQ EBSB) opened at $20.20 on Wednesday. The stock has a market capitalization of $1,060.52, a P/E ratio of 24.63 and a beta of 0.22. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.74. Meridian Bancorp has a 1 year low of $15.85 and a 1 year high of $21.85.

Meridian Bancorp (NASDAQ:EBSB) last released its quarterly earnings data on Tuesday, January 23rd. The savings and loans company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $48.04 million for the quarter. Meridian Bancorp had a return on equity of 7.96% and a net margin of 20.63%. analysts predict that Meridian Bancorp will post 1.02 EPS for the current year.

In related news, Director Anna R. Dimaria sold 14,690 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $20.16, for a total value of $296,150.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 64,462 shares of company stock worth $1,301,621. 5.10% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Meridian Bancorp by 6.5% in the 4th quarter. BlackRock Inc. now owns 3,109,062 shares of the savings and loans company’s stock valued at $64,048,000 after buying an additional 190,670 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Meridian Bancorp by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 272,747 shares of the savings and loans company’s stock valued at $5,618,000 after buying an additional 3,013 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Meridian Bancorp by 303.1% in the 4th quarter. Wells Fargo & Company MN now owns 224,822 shares of the savings and loans company’s stock valued at $4,631,000 after buying an additional 169,047 shares in the last quarter. First Trust Advisors LP boosted its stake in Meridian Bancorp by 59.4% in the 4th quarter. First Trust Advisors LP now owns 126,551 shares of the savings and loans company’s stock valued at $2,607,000 after buying an additional 47,158 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Meridian Bancorp by 7.5% in the 4th quarter. Swiss National Bank now owns 90,300 shares of the savings and loans company’s stock valued at $1,860,000 after buying an additional 6,300 shares in the last quarter. 67.06% of the stock is currently owned by institutional investors and hedge funds.

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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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