The EVP, Treasurer and CFO of Meridian Interstate Bancorp is Exercising Options


Today it was reported that the EVP, Treasurer and CFO of Meridian Interstate Bancorp (EBSB), Abbate Mark, exercised options to buy 2,448 EBSB shares at $7.47 a share, for a total transaction value of $18.29K.

Following this transaction Abbate Mark L’s holding in the company was increased by 1.95% to a total of $2.27 million. Following Abbate Mark L’s last EBSB Buy transaction on August 31, 2017, the stock climbed by 0.6%.

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Based on Meridian Interstate Bancorp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $69.23 million and quarterly net profit of $15.17 million. In comparison, last year the company earned revenue of $58.71 million and had a net profit of $14.06 million. EBSB’s market cap is $948.1M and the company has a P/E ratio of 15.46. Currently, Meridian Interstate Bancorp has an average volume of 35.02K.

Abbate Mark L’s trades have generated a 7.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.

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