Raymond James analyst William Wallace maintained a Buy rating on Meridian Interstate Bancorp (EBSB) yesterday. The company’s shares closed last Tuesday at $15.40.
According to TipRanks.com, Wallace is a 5-star analyst with an average return of 17.8% and a 71.0% success rate. Wallace covers the Financial sector, focusing on stocks such as American National Bankshares, Atlantic Capital Bancshares, and Dime Community Bancshares.
Meridian Interstate Bancorp has an analyst consensus of Moderate Buy.
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Based on Meridian Interstate Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $52.38 million and net profit of $16.67 million. In comparison, last year the company earned revenue of $47.07 million and had a net profit of $19.69 million.
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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. The company was founded on March 6, 2014 and is headquartered in Peabody, MA.
