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Trade-Ideas LLC identified

Meridian Bancorp



) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Meridian Bancorp as such a stock due to the following factors:

  • EBSB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $3.9 million.
  • EBSB has traded 5.28359999999999985220711096189916133880615234375 options contracts today.
  • EBSB is making at least a new 3-day high.
  • EBSB has a PE ratio of 31.
  • EBSB is mentioned 0.97 times per day on StockTwits.
  • EBSB has not yet been mentioned on StockTwits today.
  • EBSB is currently in the upper 20% of its 1-year range.
  • EBSB is in the upper 35% of its 20-day range.
  • EBSB is in the upper 45% of its 5-day range.
  • EBSB is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on EBSB:

Meridian Bancorp, Inc. operates as the holding company for East Boston Savings Bank that provides various financial products and services for individuals and businesses primarily in Suffolk, Middlesex, and Essex Counties, Massachusetts. The stock currently has a dividend yield of 0.8%. EBSB has a PE ratio of 31. Currently there are no analysts that rate Meridian Bancorp a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Meridian Bancorp has been 267,000 shares per day over the past 30 days. Meridian has a market cap of $782.2 million and is part of the financial sector and banking industry. The stock has a beta of 0.21 and a short float of 5.8% with 10.94 days to cover. Shares are up 28.6% year-to-date as of the close of trading on Thursday.

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TheStreet Quant Ratings

rates Meridian Bancorp as a


. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 12.8%. Since the same quarter one year prior, revenues slightly increased by 8.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displaying stagnant earnings per share.
  • MERIDIAN BANCORP INC (MD) reported flat earnings per share in the most recent quarter. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, MERIDIAN BANCORP INC (MD) increased its bottom line by earning $0.41 versus $0.29 in the prior year. This year, the market expects an improvement in earnings ($0.44 versus $0.41).
  • Compared to its closing price of one year ago, EBSB's share price has jumped by 28.04%, exceeding the performance of the broader market during that same time frame. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
  • The gross profit margin for MERIDIAN BANCORP INC (MD) is currently very high, coming in at 77.92%. Regardless of EBSB's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, EBSB's net profit margin of 16.82% is significantly lower than the industry average.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Thrifts & Mortgage Finance industry and the overall market, MERIDIAN BANCORP INC (MD)'s return on equity is below that of both the industry average and the S&P 500.

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