Meridian Bancorp Inc (NASDAQ:EBSB) has been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Meridian Bancorp’s rating score has declined by 50% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a 1 year consensus target price of $18.50 for the company and are expecting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned Meridian Bancorp an industry rank of 94 out of 257 based on the ratings given to its competitors.
EBSB has been the subject of several recent research reports. BidaskClub cut Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 24th. Zacks Investment Research cut Meridian Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Finally, ValuEngine cut Meridian Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd.
NASDAQ EBSB traded up $0.07 during trading hours on Thursday, hitting $16.03. 180,020 shares of the company traded hands, compared to its average volume of 218,174. Meridian Bancorp has a twelve month low of $15.25 and a twelve month high of $21.85. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $864.35 million, a PE ratio of 16.87 and a beta of 0.17.
Meridian Bancorp (NASDAQ:EBSB) last issued its quarterly earnings results on Tuesday, October 23rd. The savings and loans company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. Meridian Bancorp had a return on equity of 8.99% and a net margin of 22.37%. The firm had revenue of $45.04 million during the quarter, compared to analysts’ expectations of $45.10 million. As a group, research analysts forecast that Meridian Bancorp will post 1.12 EPS for the current year.
Meridian Bancorp Company Profile
Meridian Bancorp, Inc operates as the holding company for East Boston Savings Bank that provides various financial products and services for individuals and businesses primarily in Essex, Middlesex, Norfolk, and Suffolk Counties, Massachusetts. The company accepts various deposit products, including non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts comprising NOW and money market accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts.
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