Frank Romano Buys 1,264 Shares of Meridian Bancorp Inc (EBSB) Stock

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Meridian Bancorp Inc (NASDAQ:EBSB) EVP Frank Romano acquired 1,264 shares of the business’s stock in a transaction on Friday, October 26th. The shares were bought at an average cost of $15.66 per share, for a total transaction of $19,794.24. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

EBSB stock traded down $0.25 during midday trading on Friday, reaching $16.03. 161,004 shares of the company were exchanged, compared to its average volume of 263,186. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.89. The stock has a market cap of $876.36 million, a P/E ratio of 14.38 and a beta of 0.17. Meridian Bancorp Inc has a 1-year low of $15.25 and a 1-year high of $21.85.

Meridian Bancorp (NASDAQ:EBSB) last announced its earnings results on Tuesday, October 23rd. The savings and loans company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $45.04 million for the quarter, compared to analyst estimates of $45.10 million. Meridian Bancorp had a net margin of 22.37% and a return on equity of 9.07%. On average, equities research analysts predict that Meridian Bancorp Inc will post 1.12 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in shares of Meridian Bancorp by 15.9% during the second quarter. Victory Capital Management Inc. now owns 22,402 shares of the savings and loans company’s stock worth $429,000 after acquiring an additional 3,074 shares during the last quarter. California Public Employees Retirement System grew its position in Meridian Bancorp by 10.5% in the 1st quarter. California Public Employees Retirement System now owns 34,002 shares of the savings and loans company’s stock valued at $685,000 after buying an additional 3,221 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Meridian Bancorp by 34.8% in the 1st quarter. Xact Kapitalforvaltning AB now owns 13,167 shares of the savings and loans company’s stock valued at $265,000 after buying an additional 3,400 shares during the last quarter. Strs Ohio grew its position in Meridian Bancorp by 8.9% in the 2nd quarter. Strs Ohio now owns 47,500 shares of the savings and loans company’s stock valued at $909,000 after buying an additional 3,900 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its position in Meridian Bancorp by 1.1% in the 3rd quarter. Hennessy Advisors Inc. now owns 450,000 shares of the savings and loans company’s stock valued at $7,650,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 66.30% of the company’s stock.

A number of analysts have weighed in on the stock. BidaskClub cut shares of Meridian Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 20th. ValuEngine cut shares of Meridian Bancorp from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Finally, Zacks Investment Research cut shares of Meridian Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd.

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Meridian Bancorp Company Profile

Meridian Bancorp, Inc operates as the holding company for East Boston Savings Bank that provides various financial products and services for individuals and businesses primarily in Essex, Middlesex, Norfolk, and Suffolk Counties, Massachusetts. The company accepts various deposit products, including non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts comprising NOW and money market accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts.

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Insider Buying and Selling by Quarter for Meridian Bancorp (NASDAQ:EBSB)

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