Shares of Meridian Bancorp, Inc. (NASDAQ:EBSB) have been given an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a 12 month consensus price objective of $21.50 for the company and are expecting that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Meridian Bancorp an industry rank of 19 out of 265 based on the ratings given to related companies.

A number of research firms recently issued reports on EBSB. BidaskClub downgraded shares of Meridian Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 price objective on shares of Meridian Bancorp in a report on Thursday, January 25th.

In other Meridian Bancorp news, Director Marilyn A. Censullo sold 11,929 shares of Meridian Bancorp stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $19.95, for a total transaction of $237,983.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard F. Fernandez sold 14,801 shares of Meridian Bancorp stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $19.75, for a total transaction of $292,319.75. The disclosure for this sale can be found here. In the last three months, insiders sold 64,462 shares of company stock worth $1,301,621. 5.10% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of EBSB. Public Employees Retirement System of Ohio purchased a new position in Meridian Bancorp during the second quarter valued at approximately $126,000. Prudential Financial Inc. purchased a new position in Meridian Bancorp during the second quarter valued at approximately $178,000. Simplex Trading LLC lifted its holdings in Meridian Bancorp by 108.6% during the third quarter. Simplex Trading LLC now owns 10,298 shares of the savings and loans company’s stock valued at $192,000 after purchasing an additional 5,362 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Meridian Bancorp during the fourth quarter valued at approximately $203,000. Finally, Legal & General Group Plc lifted its holdings in Meridian Bancorp by 3.3% during the second quarter. Legal & General Group Plc now owns 12,312 shares of the savings and loans company’s stock valued at $208,000 after purchasing an additional 388 shares in the last quarter. 67.06% of the stock is currently owned by institutional investors and hedge funds.

Meridian Bancorp (EBSB) traded up $0.57 on Tuesday, hitting $20.20. 596,875 shares of the company were exchanged, compared to its average volume of 262,347. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $1,091.59, a P/E ratio of 24.63 and a beta of 0.22. Meridian Bancorp has a one year low of $15.85 and a one year high of $21.85.

Meridian Bancorp (NASDAQ:EBSB) last posted its quarterly earnings data on Tuesday, January 23rd. The savings and loans company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $48.04 million for the quarter. Meridian Bancorp had a net margin of 20.63% and a return on equity of 7.96%. research analysts predict that Meridian Bancorp will post 1.02 EPS for the current fiscal year.

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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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