Stock Alert: Meridian Bancorp Up 17% On Growth In Q1 Profit

(RTTNews) - Meridian Bancorp, Inc. (EBSB) shares are gaining on Friday morning trade as the company reported an increase in earnings for the first quarter.

Currently, shares are at $20.96, up 17.62 percent from the previous close of $17.82 on a volume of 1,257,980. For the 52-week period, the shares have traded in a range of $9.53-$21.13 on average volume of 138,277.

The company reported first-quarter net profit of $24.32 million, up from $18.12 million in the previous year. On a per share basis, earnings were $0.48, that increased from $0.36 a year ago.

Total interest and dividend income was $57.72 million from $62.34 million a year ago.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.