EBSB News Alert Meridian Interstate Bancorp (EBSB) 11.02 12/13/2014

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Meridian Interstate Bancorp (EBSB) 11.02 $EBSB

JPMorgan & LPL Financial Ink Municipal Bond Deal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Nov 19, 5:20PM CST
JPMorgan (JPM), the largest bank in the U.S., announced a municipal bond deal with LPL Financial LLC, the wholly owned subsidiary of LPL Financial Holdings (LPLA).
JPM: 60.04 (-1.10), EBSB: 11.02 (-0.20), BANF: 62.47 (-0.55), LPLA: 41.80 (-1.50)

Wells Fargo Sets Up Cleantech Innovation Incubator Program - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Oct 29, 6:20PM CDT
Wells Fargo (WFC), in a first ever kind of initiative in the banking domain, launched the Innovation Incubator program
WAL: 26.52 (-0.44), EBSB: 11.02 (-0.20), WFC: 53.70 (-0.73), GSBC: 36.70 (-0.57)

Meridian Interstate beats by $0.05, beats on revenue
Seeking Alpha - at Seeking Alpha - Tue Oct 28, 5:02PM CDT

EBSB: 11.02 (-0.20)

Meridian Bancorp, Inc. Reports Net Income for the Third Quarter and Nine Months Ended September 30, 2014
GlobeNewswire - Tue Oct 28, 3:10PM CDT
Meridian Bancorp, Inc. (the "Company" or "Meridian" (Nasdaq:EBSB), the holding company for East Boston Savings Bank (the "Bank" , which also operates under the name Mt. Washington Bank, a Division of East Boston Savings Bank ("Mt. Washington" , announced net income of $6.0 million, or $0.11 per diluted share, for the quarter ended September 30, 2014 compared to $5.3 million, or $0.10 per diluted share, for the quarter ended September 30, 2013. For the nine months ended September 30, 2014, net income was $16.3 million, or $0.30 per diluted share compared to $11.4 million, or $0.21 per diluted share, for the nine months ended September 30, 2013. The Company's return on average assets was 0.76% for the quarter ended September 30, 2014 compared to 0.83% for the quarter ended September 30, 2013. For the nine months ended September 30, 2014, the Company's return on average assets was 0.75% compared to 0.62% for the nine months ended September 30, 2013. The Company's return on average equity was 5.02% for the quarter ended September 30, 2014, reflecting proceeds from the Company's second step common stock offering completed on July 28, 2014, compared to 8.79% for the quarter ended September 30, 2013. For the nine months ended September 30, 2014, the Company's return on average equity was 6.57% compared to 6.35% for the nine months ended September 30, 2013. Total assets increased $486.7 million, or 18.1%, to $3.169 billion at September 30, 2014 from $2.682 billion at December 31, 2013, reflecting net cash proceeds of $302.3 million raised in the Company's second step common stock offering. As a result of the completion of the second step common stock offering, all historical share and per share information has been restated to reflect the 2.4484-to-one exchange ratio.
EBSB: 11.02 (-0.20)

Washington Federal Beats on Q3 Earnings, Shares Dip 1% - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Oct 24, 2:50PM CDT
Washington Federal's (WAFD) shares fell nearly 1% in two days trading, following the release of its 2014 fiscal year-end earnings (ended Sep 30) on Oct 22, before the market opened.
TLMR: 14.08 (-0.30), EBSB: 11.02 (-0.20), SLCT: 7.37 (+0.02), WAFD: 21.92 (+0.03)

People's United Reports In-Line Q3 Earnings, Revenues Down - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Oct 17, 11:00AM CDT
People's United's (PBCT) third-quarter 2014 operating earnings of 21 cents per share came in line with the Zacks Consensus Estimate.
PBCT: 14.57 (-0.13), LPSB: 12.36 (+0.31), NFBK: 14.12 (-0.18), EBSB: 11.02 (-0.20)

Why the Earnings Streak Will Continue for Meridian Bancorp (EBSB) - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Tue Oct 07, 7:42AM CDT
Meridian Bancorp could be a great candidate for another beat after a solid performance in the last two quarters.
EBSB: 11.02 (-0.20)

Meridian Bancorp (EBSB) Upgraded to Strong Buy on Conversion - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 30, 4:50PM CDT
On Sep 27, Zacks Investment Research upgraded Meridian Bancorp, Inc. (EBSB) to a Zacks Rank #1 (Strong Buy).
LPSB: 12.36 (+0.31), EBSB: 11.02 (-0.20), GSBC: 36.70 (-0.57), SLCT: 7.37 (+0.02)

Why Meridian Bancorp (EBSB) Stock Might be a Great Pick - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 7:54AM CDT
Meridian Bancorp is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
EBSB: 11.02 (-0.20)

Technical Notes Covering Financials Sector Equities - BGC Partners, UBS AG, MGIC Investment, Meridian Bancorp, and Radian
PR Newswire - Mon Sep 15, 7:45AM CDT
The US markets on Friday, September 12, 2014, ended on a lower note as the Dow Jones Industrial Average finished at 16,987.51, down 0.36% and the NASDAQ Composite closed at 4,567.60, down 0.53%. The S&P 500 finished the session 0.60% lower at 1,985.54. During the trading session, all the ten sectors finished on a negative note. The S&P 500 Financials Sector Index ended the day at 314.10, down 0.12%, whereas the index has advanced 3.36% in the previous three months. Investor-Edge has initiated coverage on the following equities: BGC Partners Inc. (NASDAQ: BGCP), UBS AG (NYSE: UBS), MGIC Investment Corporation (NYSE: MTG), Meridian Bancorp Inc. (NASDAQ: EBSB), and Radian Group Inc. (NYSE: RDN). Free research on these five companies can be accessed at:
RDN: 16.68 (-0.23), EBSB: 11.02 (-0.20), UBS: 17.40 (-0.35), MTG: 8.98 (-0.12), BGCP: 8.51 (-0.33)

Meridian Bancorp, Inc. Announces Closing of Stock Offering and Completion of Conversion Transaction
GlobeNewswire - Mon Jul 28, 4:30PM CDT
Meridian Bancorp, Inc. (the "Company" (Nasdaq:EBSB), announced today that it has completed the "second step" conversion of Meridian Financial Services, Incorporated (the "MHC" and the Company's related stock offering, effective as of the close of business today. As a result of the closing of the conversion and offering, the Company is now the holding company for East Boston Savings Bank (the "Bank" . The MHC and the Bank's former mid-tier holding company, named Meridian Interstate Bancorp, Inc., have ceased to exist. The results of the stock offering were previously reported in a press release dated July 24, 2014.
EBSB: 11.02 (-0.20)

Meridian Interstate Bancorp, Inc. Announces Stock Offering Results and Expected Closing Date
GlobeNewswire - Thu Jul 24, 3:18PM CDT
Meridian Interstate Bancorp, Inc. (the "Company" (Nasdaq:EBSB), the holding company for East Boston Savings Bank, announced today the results of the stock offering of Meridian Bancorp, Inc., a newly formed corporation ("New Meridian" that is the proposed successor holding company for East Boston Savings Bank. The closing of the offering and the conversion from the mutual holding company to stock holding company form of organization is expected to occur on July 28, 2014.
EBSB: 11.02 (-0.20)

Meridian Interstate Bancorp, Inc. Reports Net Income for the Second Quarter and Six Months Ended June 30, 2014
GlobeNewswire - Tue Jul 22, 3:11PM CDT
Meridian Interstate Bancorp, Inc. (the "Company" or "Meridian" (Nasdaq:EBSB), the holding company for East Boston Savings Bank (the "Bank" , which also operates under the name Mt. Washington Bank, a Division of East Boston Savings Bank ("Mt. Washington" , announced net income of $5.5 million, or $0.25 per diluted share, for the quarter ended June 30, 2014 compared to $3.0 million, or $0.14 per diluted share, for the quarter ended June 30, 2013. For the six months ended June 30, 2014, net income was $10.3 million, or $0.47 per diluted share compared to $6.1 million, or $0.28 per diluted share, for the six months ended June 30, 2013. The Company's return on average assets was 0.78% for the quarter ended June 30, 2014 compared to 0.50% for the quarter ended June 30, 2013. For the six months ended June 30, 2014, the Company's return on average assets was 0.74% compared to 0.51% for the six months ended June 30, 2013. The Company's return on average equity was 8.52% for the quarter ended June 30, 2014 compared to 5.03% for the quarter ended June 30, 2013. For the six months ended June 30, 2014, the Company's return on average equity was 8.06% compared to 5.12% for the six months ended June 30, 2013. Total assets increased $373.8 million, or 13.9%, to $3.056 billion at June 30, 2014 from $2.682 billion at December 31, 2013, reflecting cash proceeds of $206.9 million from stock subscription deposits received in connection with the Company's second step conversion during the second quarter of 2014.
EBSB: 11.02 (-0.20)

Upgrade Alert for Meridian Interstate Bancorp (EBSB)
Comtex SmarTrend(R) - Tue Jul 15, 7:01AM CDT
Meridian Interstate Bancorp (NASDAQ:EBSB) was upgraded from Neutral to Buy at Compass Point today. The stock closed yesterday at $25.29 on volume of 50,000 shares, above average daily volume of 30,000. Meridian Interstate Bancorp, Inc. is the holding company for East Boston Savings Bank.
EBSB: 11.02 (-0.20)

Meridian Bancorp, Inc. Completes Syndicated Community Offering
GlobeNewswire - Mon Jul 14, 5:00AM CDT
Meridian Interstate Bancorp, Inc. (the "Company" (Nasdaq:EBSB), the holding company for East Boston Savings Bank, announced today that Meridian Bancorp, Inc., a newly formed corporation ("New Meridian" that is the proposed successor holding company for East Boston Savings Bank, has completed the syndicated community offering portion of the stock offering it is conducting in connection with the Company's previously announced plans to become a fully public company.
EBSB: 11.02 (-0.20)

Meridian Bancorp, Inc. Commences Syndicated Community Offering and Announces Preliminary Results of Subscription and Community Offering
GlobeNewswire - Mon Jul 07, 3:15PM CDT
Meridian Interstate Bancorp, Inc. (the "Company" (Nasdaq:EBSB), the holding company for East Boston Savings Bank, announced today that Meridian Bancorp, Inc., a newly formed corporation ("New Meridian" that is the proposed successor holding company for East Boston Savings Bank, is commencing on July 7, 2014, the syndicated community offering portion of the stock offering it is conducting in connection with the Company's previously announced plans to become a fully public company.
EBSB: 11.02 (-0.20)

Meridian Bancorp, Inc. to Increase Purchase Limitations
GlobeNewswire - Tue Jun 24, 3:30PM CDT
Meridian Interstate Bancorp, Inc. (the "Company" (Nasdaq:EBSB), the holding company for East Boston Savings Bank, announced today that it has increased the maximum purchase limitations for persons who subscribed for stock in the subscription offering being conducted by Meridian Bancorp, Inc., a newly formed corporation ("New Meridian" that is the proposed successor holding company for East Boston Savings Bank.
EBSB: 11.02 (-0.20)

Semi-Annual Changes to the NASDAQ OMX ABA Community Bank Index
GlobeNewswire - Mon Jun 16, 6:09AM CDT
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the results of the semi-annual evaluation of the NASDAQ OMX ABA Community Bank Index (Nasdaq:ABQI), which will become effective prior to market open on Monday, June 23, 2014.
SNBC: 19.29 (-0.38), FBNK: 15.74 (-0.19), BOKF: 58.67 (-1.75), MBVT: 28.62 (-0.01), PGC: 17.42 (-0.39), BPOP: 32.07 (-0.49), HBNC: 24.70 (-0.14), EBSB: 11.02 (-0.20), FBNC: 17.16 (-0.17), BBNK: 22.66 (-0.29), OABC: 26.35 (-0.16), PSTB: 6.80 (-0.18), PFBC: 25.31 (-0.57), CNBC: 19.23 (unch), BNCN: 16.46 (-0.42), WSBF: 12.36 (-0.05), BSRR: 15.76 (-0.62), PCBK: 13.61 (-0.18), NDAQ: 46.11 (-0.86), CSBK: 13.10 (unch), KRNY: 13.82 (-0.02)

Balanced View on Sallie Mae - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Apr 01, 4:45PM CDT
We believe that its leading position in the student lending market, diversifying efforts and increasing private student loan originations will help it to navigate well through the current sluggish growth cycle.
SLM: 9.81 (-0.30), CACC: 143.17 (-1.43), TREE: 42.85 (-0.27), EBSB: 11.02 (-0.20)




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