Meridian Bancorp (EBSB) Receiving Somewhat Favorable News Coverage, Analysis Finds

Media coverage about Meridian Bancorp (NASDAQ:EBSB) has trended somewhat positive this week, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Meridian Bancorp earned a media sentiment score of 0.17 on AlphaOne’s scale. AlphaOne also assigned media headlines about the savings and loans company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the near future.

EBSB has been the subject of several analyst reports. Piper Jaffray Companies raised their target price on shares of Meridian Bancorp from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, February 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price objective on shares of Meridian Bancorp in a report on Wednesday, April 5th.

Meridian Bancorp (NASDAQ:EBSB) traded down 1.20% on Friday, reaching $16.50. 138,363 shares of the company’s stock were exchanged. The stock has a market cap of $840.66 million, a price-to-earnings ratio of 23.91 and a beta of 0.29. The firm has a 50 day moving average of $17.81 and a 200-day moving average of $18.22. Meridian Bancorp has a one year low of $13.66 and a one year high of $20.55.

In other Meridian Bancorp news, Director James G. Sartori sold 8,216 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $19.19, for a total value of $157,665.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory F. Natalucci sold 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $18.91, for a total value of $86,986.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,651 shares of company stock worth $415,255 over the last three months. 5.10% of the stock is currently owned by corporate insiders.

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Meridian Bancorp Company Profile

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

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