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.
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.
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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