Meridian Bancorp, Inc. (EBSB) Director Sells $18,108.16 in Stock

Meridian Bancorp, Inc. (NASDAQ:EBSB) Director James G. Sartori sold 896 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.21, for a total transaction of $18,108.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Meridian Bancorp, Inc. (EBSB) opened at $20.30 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.23 and a current ratio of 1.23. Meridian Bancorp, Inc. has a 52 week low of $15.85 and a 52 week high of $21.85. The company has a market cap of $1,096.99, a PE ratio of 24.76 and a beta of 0.22.

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

Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in Meridian Bancorp during the second quarter worth about $126,000. C M Bidwell & Associates Ltd. purchased a new position in Meridian Bancorp during the fourth quarter worth about $203,000. Simplex Trading LLC raised its stake in Meridian Bancorp by 108.6% during the third quarter. Simplex Trading LLC now owns 10,298 shares of the savings and loans company’s stock worth $192,000 after purchasing an additional 5,362 shares during the period. Prudential Financial Inc. purchased a new position in Meridian Bancorp during the second quarter worth about $178,000. Finally, First Quadrant L P CA purchased a new position in Meridian Bancorp during the third quarter worth about $226,000. 67.16% of the stock is currently owned by institutional investors.

EBSB has been the topic of several research reports. BidaskClub downgraded shares of Meridian Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.50 price target on shares of Meridian Bancorp in a research note on Friday, December 22nd.

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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.

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

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