$0.24 EPS Expected for Meridian Bancorp, Inc. (EBSB)

December 26, 2017 - By Darrin Black


Investors sentiment increased to 1.66 in 2017 Q3. Its up 0.39, from 1.27 in 2017Q2. It is positive, as 7 investors sold Meridian Bancorp, Inc. shares while 34 reduced holdings. 25 funds opened positions while 43 raised stakes. 35.02 million shares or 2.60% more from 34.14 million shares in 2017Q2 were reported.
Dupont Mngmt Corporation holds 75,443 shares. Goldman Sachs Gru Inc Inc owns 331,269 shares. Credit Suisse Ag owns 63,759 shares for 0% of their portfolio. Barclays Public Ltd Co, a United Kingdom-based fund reported 3,165 shares. Metropolitan Life Company New York stated it has 33,869 shares. Blackrock invested 0% in Meridian Bancorp, Inc. (NASDAQ:EBSB). Millennium Management Limited Liability Company holds 770,870 shares or 0.02% of its portfolio. Globeflex Capital Ltd Partnership holds 17,799 shares. 1.77 million are owned by Renaissance Technologies Ltd. Victory Mngmt invested in 0% or 13,338 shares. Citadel Advsr Limited Liability Corporation owns 0% invested in Meridian Bancorp, Inc. (NASDAQ:EBSB) for 78,915 shares. Wells Fargo & Company Mn, California-based fund reported 55,775 shares. Commonwealth Equity Ser Inc holds 0.01% or 59,783 shares. Gsa Ptnrs Llp holds 0.09% or 71,050 shares in its portfolio. New York-based National Bank & Trust Of New York Mellon Corporation has invested 0% in Meridian Bancorp, Inc. (NASDAQ:EBSB).

Analysts expect Meridian Bancorp, Inc. (NASDAQ:EBSB) to report $0.24 EPS on January, 23.They anticipate $0.02 EPS change or 9.09 % from last quarter’s $0.22 EPS. EBSB’s profit would be $11.60 million giving it 21.67 P/E if the $0.24 EPS is correct. After having $0.25 EPS previously, Meridian Bancorp, Inc.’s analysts see -4.00 % EPS growth. It closed at $20.8 lastly. It is down 12.94% since December 26, 2016 and is uptrending. It has underperformed by 3.76% the S&P500.

Meridian Bancorp, Inc. (NASDAQ:EBSB) Ratings Coverage

Among 4 analysts covering Meridian Interstate Bancorp (NASDAQ:EBSB), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Meridian Interstate Bancorp had 9 analyst reports since September 30, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Hold” rating in Tuesday, October 31 report. Compass Point downgraded the stock to “Neutral” rating in Friday, November 18 report. The firm earned “Market Perform” rating on Wednesday, September 30 by Hovde Group. On Tuesday, July 25 the stock rating was maintained by Piper Jaffray with “Hold”. Keefe Bruyette & Woods maintained it with “Hold” rating and $19.0 target in Thursday, August 31 report. Keefe Bruyette & Woods maintained Meridian Bancorp, Inc. (NASDAQ:EBSB) on Thursday, December 21 with “Hold” rating. Compass Point upgraded the shares of EBSB in report on Monday, June 26 to “Buy” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, October 3.

Meridian Bancorp, Inc. operates as the holding firm for East Boston Savings Bank that provides various financial services and products for individuals and businesses primarily in Suffolk, Norfolk, Middlesex, and Essex counties, Massachusetts. The company has market cap of $1.01 billion. The firm accepts various deposit products, such as non-interest-bearing demand deposits comprising checking accounts; interest-bearing demand accounts, including NOW and money market accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts. It has a 24.19 P/E ratio. The Company’s loan portfolio consists of commercial real estate loans, which are secured by properties used for business purposes, such as office buildings, industrial facilities, and retail facilities; one- to four-family residential loans, including mortgage loans that enable borrowers to purchase or refinance existing homes; multi-family real estate loans; construction loans; commercial and industrial loans; home equity lines of credit; and consumer loans, including automobile loans, loans secured by passbook or certificate accounts, credit builder, and annuity and overdraft loans.

More important recent Meridian Bancorp, Inc. (NASDAQ:EBSB) news were published by: Nasdaq.com which released: “Meridian Bancorp, Inc. (EBSB) Ex-Dividend Date Scheduled for December 18, 2017” on December 15, 2017, also Globenewswire.com published article titled: “Meridian Bancorp, Inc. Receives Regulatory Approvals for Acquisition of …”, Reuters.com published: “BRIEF-Meridian Bancorp Receives Regulatory Approvals For Acquisition Of …” on December 18, 2017. More interesting news about Meridian Bancorp, Inc. (NASDAQ:EBSB) was released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Pinnacle Foods, Omnicom Group and Meridian Bancorp” with publication date: December 14, 2017.

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