Meridian Bancorp Inc (EBSB) is Trading Lower on Unusual Volume for December 21

Equities Staff |

Meridian Bancorp Inc (EBSB) experienced unusually high volume on Dec. 21, as the stock lost 1.8% to a closing price of $14.22. The stock saw 324,810 shares trade hands over the course of the day on 1,393 trades. Given that the stock’s average daily volume over the last month has been 172,036 shares a day, this represents a pretty substantial spike over the norm.

Meridian Bancorp Inc has a P/B ratio of 1.34. It also has a P/E ratio of 30.9. The stock has traded between $14.91 and $11.00 over the last 52-weeks, its 50-day SMA is now $14.29, and its 200-day SMA $13.32.

Meridian Bancorp Inc, formerly Meridian Interstate Bancorp Inc is a Massachusetts corporation & hloding company of East Boston Savings Bank. The Company offers deposit and loan products to individuals and businesses.

Headquartered in Peabody, MA, Meridian Bancorp Inc has 466 employees and is currently under the leadership of CEO Richard J. Gavegnano.

For a complete fundamental analysis analysis of Meridian Bancorp Inc, check out Equities.com’s Stock Valuation Analysis report for EBSB. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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