Home Trending Stocks Here is how Meridian Bancorp Inc (EBSB) stock gained in after-hours session?

Here is how Meridian Bancorp Inc (EBSB) stock gained in after-hours session?

Meridian Bancorp Inc (EBSB) stock ended the normal trading session on Thursday, April 22, 2021, by losing 0.56% but it flipped and gained 16.95% in the after-hours session.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

EBSB shares have gained 71.68% over the last 12 months, and they have moved down by -3.31% in the past week. Over the past three months, the stock has surged 14.45%, while over the past six months, it has risen 50.89%.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Let’s see what is happening with EBSB stock.

Financial results announcement

On April 22, 2021, Meridian Bancorp, Inc. announced the financial figures for the quarter ended March 31, 2021.

  • Meridian Bancorp announced a net income of $24.3 million, or $0.48 per diluted share, for the quarter ended March 31, 2021, compared to $13.0 million, or $0.25 per diluted share, for the quarter ended March 31, 2020.
  • Non-interest income was $4.9 million for the reported quarter compared to an $831,000 loss for the quarter ended March 31, 2020.
  • Return on average assets was 1.46% for the reported quarter compared to 0.82% for the quarter ended March 31, 2020.
  • Net interest income was $48.4 million for the reported quarter, which is 7.3% more from the quarter ended March 31, 2020.
  • Total assets were $6.504 billion on March 31, 2021.
  • Total deposits were $5.097 billion on March 31, 2021.

Acquisition of East Boston Savings Bank

On April 22, 2021, Meridian Bancorp signed a definitive merger agreement with Independent Bank Corp to acquire Meridian and Rockland Trust to acquire East Boston Savings Bank.

Read More

According to the agreement, the Meridian stockholder will receive 0.2750 of a share of Independent common stock for each share of Meridian Bancorpcommon stock they own.

Approximately 14.2 million shares will be issued by Independent Bank at $79.57 per share totalling the transaction value of approximately $1.15 billion.

Meridian Bancorp facing investigation

On April 22, 2021, global investor rights law firm, Halper Sadeh LLP announced to investigate the sale of Meridian Bancorp to Independent Bank. The firm will investigate whether the sale agreement is fair to Meridian Bancorp shareholders or not.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion

Record Quarterly Net Income of $24 Million was the reason behind EBSB turnaround on Thursday. the EBSB stock can go either side on Friday because it has positive news but it also facing several investigations as well.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Flora Growth Corp. (FLGC) stock declines during premarket. Here’s what you should know?

Flora Growth Corp. (NASDAQ: FLGC) stock gained by 49.67% at last close whereas the FLGC stock price plunged by 18.36% in the pre-market trading...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Tonix Pharmaceutics Holdings Inc. (TNXP) stock gains during current market. What’s driving it high?

Tonix Pharmaceuticals Holdings Inc. (TNXP) stock gains by 2.81% in the current market trading session. Tonix is a clinical-stage biopharmaceutical business dedicated on finding,...

Intec Pharma Inc. (NTEC) stock declines during current market after a massive upraise. What’s happening?

Intec Pharma Inc. (NASDAQ: NTEC) stock drops by 7.88% during the current market trading session. Intec Pharma is a clinical-stage biopharmaceutical firm specializing in...

Related News

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Flora Growth Corp. (FLGC) stock declines during premarket. Here’s what you should know?

Flora Growth Corp. (NASDAQ: FLGC) stock gained by 49.67% at last close whereas the FLGC stock price plunged by 18.36% in the pre-market trading...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam