KBW Reiterates a Hold Rating on Meridian Interstate Bancorp

By Austin Angelo

In a report released yesterday, Collyn Gilbert from KBW reiterated a Hold rating on Meridian Interstate Bancorp (NASDAQ: EBSB), with a price target of $19. The company’s shares closed yesterday at $17.60.

According to TipRanks.com, Gilbert is a 5-star analyst with an average return of 17.0% and a 66.9% success rate. Gilbert covers the Financial sector, focusing on stocks such as Peapack-Gladstone Financial Corp, The First Of Long Island Corp, and Provident Financial Services.

Meridian Interstate Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $19.

Meridian Interstate Bancorp’s market cap is currently $888M and has a P/E ratio of 22. The company has a book value ratio of 1.4331.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is neutral on the stock. Last month, Abbate Mark L, the EVP, Treasurer and CFO of EBSB bought 13,851 shares for a total of $52,495.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Meridian Bancorp, Inc. operates as a holding company, which engages in the provision of banking and financial services, through East Boston Savings Bank. It offers banking products such as mobile banking; retirement services; investments; savings and certificates of deposits; personal lending; auto loan; line of credit, and cash management.