James G. Sartori Sells 1,500 Shares of Meridian Bancorp, Inc. (EBSB) Stock
Meridian Bancorp, Inc. (NASDAQ:EBSB) Director James G. Sartori sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $17.36, for a total value of $26,040.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
James G. Sartori also recently made the following trade(s):
- On Friday, July 28th, James G. Sartori sold 8,324 shares of Meridian Bancorp stock. The stock was sold at an average price of $17.46, for a total value of $145,337.04.
Meridian Bancorp, Inc. (EBSB) traded up 0.29% during mid-day trading on Thursday, hitting $17.35. The company had a trading volume of 72,058 shares. Meridian Bancorp, Inc. has a 1-year low of $15.00 and a 1-year high of $20.55. The company has a 50 day moving average of $16.97 and a 200 day moving average of $17.76. The firm has a market capitalization of $884.90 million, a PE ratio of 22.24 and a beta of 0.26.
Meridian Bancorp (NASDAQ:EBSB) last released its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.22 earnings per share (EPS) 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 6.82%. The business had revenue of $40.49 million for the quarter. Analysts predict that Meridian Bancorp, Inc. will post $0.83 earnings per share for the current fiscal year.
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EBSB has been the topic of a number of research analyst reports. Compass Point upgraded Meridian Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Monday, June 26th. Piper Jaffray Companies reiterated a “hold” rating on shares of Meridian Bancorp in a report on Wednesday, July 26th. Finally, BidaskClub downgraded Meridian Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.
Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of Meridian Bancorp by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,139,513 shares of the savings and loans company’s stock worth $39,153,000 after buying an additional 164,243 shares during the period. Vanguard Group Inc. raised its stake in shares of 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. Renaissance Technologies LLC raised its stake in shares of Meridian Bancorp by 2.2% in the first quarter. Renaissance Technologies LLC now owns 1,592,058 shares of the savings and loans company’s stock worth $29,135,000 after buying an additional 33,900 shares during the period. State Street Corp raised its stake in shares of Meridian Bancorp by 2.3% in the first quarter. State Street Corp now owns 1,073,277 shares of the savings and loans company’s stock worth $19,641,000 after buying an additional 24,598 shares during the period. Finally, Boston Partners raised its stake in shares of Meridian Bancorp by 9.0% in the first quarter. Boston Partners now owns 847,140 shares of the savings and loans company’s stock worth $15,503,000 after buying an additional 70,290 shares during the period. 64.97% of the stock is currently owned by hedge funds and other institutional investors.
About Meridian Bancorp
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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