Zacks Upgrades Meridian Interstate Bancorp to “Outperform” (EBSB)
Meridian Interstate Bancorp (NASDAQ:EBSB) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday, AR Network reports. The firm currently has a $25.60 price target on the stock. Zacks‘ price target would indicate a potential upside of 8.11% from the stock’s previous close.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Meridian Interstate Bancorp from $22.00 to $23.00 in a research note to investors on Thursday, January 30th.
Shares of Meridian Interstate Bancorp (NASDAQ:EBSB) traded down 1.01% on Wednesday, hitting $23.44. The stock had a trading volume of 6,941 shares. Meridian Interstate Bancorp has a 52-week low of $17.27 and a 52-week high of $24.40. The stock’s 50-day moving average is $22.92 and its 200-day moving average is $21.79. The company has a market cap of $504.8 million and a price-to-earnings ratio of 33.83.
Meridian Interstate Bancorp (NASDAQ:EBSB) last released its earnings data on Tuesday, January 28th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.07. During the same quarter last year, the company posted $0.05 earnings per share. On average, analysts predict that Meridian Interstate Bancorp will post $0.50 earnings per share for the current fiscal year.
Meridian Interstate Bancorp, Inc is a mid-tier stock holding company of East Boston Savings Bank (NASDAQ:EBSB).
To view Zacks’ full report, visit www.zacks.com
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