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Meridian Interstate Bancorp (NASDAQ:EBSB)‘s stock had its “market perform” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Thursday. They currently have a $11.00 price objective on the stock, down from their previous price objective of $27.00. Keefe, Bruyette & Woods’ price target points to a potential upside of 2.42% from the company’s current price.

Shares of Meridian Interstate Bancorp (NASDAQ:EBSB) traded down 0.37% on Thursday, hitting $10.70. 512,611 shares of the company’s stock traded hands. Meridian Interstate Bancorp has a 52 week low of $7.9657 and a 52 week high of $11.5278. The stock has a 50-day moving average of $10.54 and a 200-day moving average of $10.33. The company has a market cap of $565.5 million and a P/E ratio of 29.59. Meridian Interstate Bancorp also was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 943,933 shares, a growth of 33.1% from the July 15th total of 709,368 shares. Based on an average daily volume of 1,710,378 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.8% of the shares of the company are short sold.

Meridian Interstate Bancorp (NASDAQ:EBSB) last released its earnings data on Tuesday, July 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.11. During the same quarter in the previous year, the company posted $0.07 earnings per share. Analysts expect that Meridian Interstate Bancorp will post $0.20 EPS for the current fiscal year.

Separately, analysts at Compass Point upgraded shares of Meridian Interstate Bancorp from a “neutral” rating to a “buy” rating in a research note on Monday, July 14th. They now have a $29.50 price target on the stock, up previously from $27.00.

Meridian Interstate Bancorp, Inc is a mid-tier stock holding company of East Boston Savings Bank (NASDAQ:EBSB).

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