Meridian Bancorp, Inc. (NASDAQ:EBSB)‘s stock had its “hold” rating reissued by analysts at Keefe, Bruyette & Woods in a report issued on Thursday. They currently have a $19.00 price objective on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 6.44% from the stock’s previous close.

Several other research firms have also issued reports on EBSB. Compass Point raised shares of Meridian Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a report on Monday, June 26th. Piper Jaffray Companies reissued a “hold” rating on shares of Meridian Bancorp in a report on Wednesday, July 26th. Finally, BidaskClub lowered shares of Meridian Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.

Meridian Bancorp (NASDAQ:EBSB) opened at 17.85 on Thursday. Meridian Bancorp has a 1-year low of $15.06 and a 1-year high of $20.55. The stock has a 50 day moving average of $17.28 and a 200 day moving average of $17.58. The stock has a market cap of $910.40 million, a P/E ratio of 22.88 and a beta of 0.28.

Meridian Bancorp (NASDAQ:EBSB) last issued its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Meridian Bancorp had a net margin of 22.50% and a return on equity of 6.77%. The firm had revenue of $40.49 million for the quarter. Equities analysts anticipate that Meridian Bancorp will post $0.82 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/meridian-bancorp-inc-ebsb-rating-reiterated-by-keefe-bruyette-woods/1537235.html.

In other Meridian Bancorp news, Director James G. Sartori sold 1,500 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $17.36, for a total transaction of $26,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Frank Romano acquired 3,785 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $17.69 per share, with a total value of $66,956.65. The disclosure for this purchase can be found here. Company insiders own 5.10% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Stevens Capital Management LP bought a new stake in shares of Meridian Bancorp during the first quarter worth about $200,000. Goldman Sachs Group Inc. raised its position in Meridian Bancorp by 189.9% in the first quarter. Goldman Sachs Group Inc. now owns 239,935 shares of the savings and loans company’s stock worth $4,391,000 after buying an additional 157,172 shares during the period. Sei Investments Co. raised its position in Meridian Bancorp by 5.8% in the first quarter. Sei Investments Co. now owns 5,918 shares of the savings and loans company’s stock worth $108,000 after buying an additional 325 shares during the period. TIAA CREF Investment Management LLC raised its position in Meridian Bancorp by 5.9% in the first quarter. TIAA CREF Investment Management LLC now owns 185,745 shares of the savings and loans company’s stock worth $3,399,000 after buying an additional 10,306 shares during the period. Finally, Vanguard Group Inc. raised its position in Meridian Bancorp by 7.2% in the first quarter. Vanguard Group Inc. now owns 2,096,411 shares of the savings and loans company’s stock worth $38,364,000 after buying an additional 141,534 shares during the period. 64.67% of the stock is owned by institutional investors and hedge funds.

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.

Receive News & Ratings for Meridian Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meridian Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.