Meridian Interstate Bancorp (EBSB) Posts Quarterly Earnings, Beats Estimates By $0.07 EPS
Meridian Interstate Bancorp (NASDAQ:EBSB) issued its quarterly earnings data on Tuesday. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.07, ARN reports.
Meridian Interstate Bancorp (NASDAQ:EBSB) traded down 0.63% during mid-day trading on Tuesday, hitting $23.70. The stock had a trading volume of 58,506 shares. Meridian Interstate Bancorp has a 52-week low of $17.26 and a 52-week high of $24.40. The stock’s 50-day moving average is $22.62 and its 200-day moving average is $21.62. The company has a market cap of $508.9 million and a P/E ratio of 38.47.
On a related note, analysts at Zacks downgraded shares of Meridian Interstate Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $25.60 price target on the stock.
Meridian Interstate Bancorp, Inc is a mid-tier stock holding company of East Boston Savings Bank (NASDAQ:EBSB).
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