Recent Research Analysts’ Ratings Updates for Meridian Bancorp (EBSB)

A number of firms have modified their ratings and price targets on shares of Meridian Bancorp (NASDAQ: EBSB) recently:

  • 5/14/2019 – Meridian Bancorp was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 5/13/2019 – Meridian Bancorp was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/30/2019 – Meridian Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 4/26/2019 – Meridian Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Meridian Bancorp Inc. is a bank holding company for East Boston Savings Bank. The Bank provides financial services to individuals and businesses. It accepts various deposit products, including non-interest-bearing demand deposits; interest-bearing demand accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts. The company also offers loan products consisting of commercial real estate loans, one-to four-family residential loans, multi-family real estate loans, construction loans, commercial business loans, home equity lines of credit, automobile loans, loans secured by passbook or certificate accounts, and overdraft loans. Meridian Bancorp Inc., formerly known as Meridian Interstate Bancorp, Inc., is based in Peabody, Massachusetts. “
  • 4/13/2019 – Meridian Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/28/2019 – Meridian Bancorp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 3/26/2019 – Meridian Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Meridian Bancorp Inc. is a bank holding company for East Boston Savings Bank. The Bank provides financial services to individuals and businesses. It accepts various deposit products, including non-interest-bearing demand deposits; interest-bearing demand accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts. The company also offers loan products consisting of commercial real estate loans, one-to four-family residential loans, multi-family real estate loans, construction loans, commercial business loans, home equity lines of credit, automobile loans, loans secured by passbook or certificate accounts, and overdraft loans. Meridian Bancorp Inc., formerly known as Meridian Interstate Bancorp, Inc., is based in Peabody, Massachusetts. “
  • 3/22/2019 – Meridian Bancorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

NASDAQ EBSB traded up $0.04 during mid-day trading on Thursday, reaching $17.34. 7,600 shares of the stock were exchanged, compared to its average volume of 145,197. Meridian Bancorp Inc has a one year low of $13.67 and a one year high of $20.30. The company has a market capitalization of $916.11 million, a PE ratio of 16.36 and a beta of 0.53. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.77.

Meridian Bancorp (NASDAQ:EBSB) last posted its quarterly earnings results on Tuesday, April 23rd. The savings and loans company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Meridian Bancorp had a net margin of 23.48% and a return on equity of 8.70%. The firm had revenue of $46.43 million during the quarter, compared to the consensus estimate of $46.00 million. As a group, equities analysts expect that Meridian Bancorp Inc will post 1.26 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of EBSB. Quantamental Technologies LLC acquired a new position in shares of Meridian Bancorp during the fourth quarter valued at about $34,000. Baystate Wealth Management LLC increased its stake in Meridian Bancorp by 201.7% during the 4th quarter. Baystate Wealth Management LLC now owns 6,028 shares of the savings and loans company’s stock valued at $94,000 after purchasing an additional 4,030 shares in the last quarter. Legal & General Group Plc increased its stake in Meridian Bancorp by 10.3% during the 4th quarter. Legal & General Group Plc now owns 8,597 shares of the savings and loans company’s stock valued at $123,000 after purchasing an additional 806 shares in the last quarter. SG Americas Securities LLC bought a new stake in Meridian Bancorp during the 1st quarter valued at about $156,000. Finally, BNP Paribas Arbitrage SA increased its stake in Meridian Bancorp by 508.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,008 shares of the savings and loans company’s stock valued at $157,000 after purchasing an additional 8,362 shares in the last quarter. 64.34% of the stock is owned by hedge funds and other institutional investors.

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 Suffolk, Norfolk, Middlesex and Essex 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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