Meridian Bancorp (EBSB) Given Coverage Optimism Rating of 0.31

Media coverage about Meridian Bancorp (NASDAQ:EBSB) has trended positive this week, according to Alpha One. Alpha One, a subsidiary of Accern, identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Meridian Bancorp earned a coverage optimism score of 0.31 on Alpha One’s scale. Alpha One also assigned media headlines about the savings and loans company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near future.

Shares of Meridian Bancorp (NASDAQ:EBSB) opened at 16.50 on Friday. The company has a market cap of $840.66 million, a PE ratio of 23.91 and a beta of 0.29. Meridian Bancorp has a 52 week low of $13.66 and a 52 week high of $20.55. The company has a 50 day moving average price of $17.81 and a 200 day moving average price of $18.22.

EBSB has been the topic of a number of research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.00 target price on shares of Meridian Bancorp in a report on Wednesday, April 5th. Piper Jaffray Companies boosted their price target on Meridian Bancorp from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, February 7th.

WARNING: This piece of content was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at

In other news, Director Gregory F. Natalucci sold 4,600 shares of the stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $18.91, for a total value of $86,986.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James G. Sartori sold 8,835 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $19.31, for a total value of $170,603.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,651 shares of company stock valued at $415,255. Company insiders own 5.10% of the company’s stock.

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.

12 Month Chart for NASDAQ:EBSB

Receive News & Ratings for Meridian Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meridian Bancorp Inc. and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply