Meridian Bancorp (EBSB) Earning Somewhat Favorable News Coverage, Analysis Finds
News articles about Meridian Bancorp (NASDAQ:EBSB) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Meridian Bancorp earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the savings and loans company an impact score of 46.909461646523 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities analysts have commented on EBSB shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $19.00 price target on shares of Meridian Bancorp in a research report on Thursday, August 31st. BidaskClub cut shares of Meridian Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th.
Meridian Bancorp (EBSB) opened at $20.30 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 1.23. Meridian Bancorp has a 1 year low of $15.85 and a 1 year high of $20.73. The company has a market cap of $1,095.59, a P/E ratio of 23.33 and a beta of 0.27.
In other news, Director Marilyn A. Censullo sold 11,929 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $19.95, for a total value of $237,983.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard F. Fernandez sold 14,801 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $19.75, for a total transaction of $292,319.75. The disclosure for this sale can be found here. Insiders sold a total of 41,420 shares of company stock valued at $826,454 in the last three months. 5.10% of the stock is currently owned by corporate insiders.
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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.
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