Meridian Bancorp, Inc. (EBSB) Reaches $20.50 After 4.00% Up Move; Vicor (VICR) Sellers Decreased By 8.95% Their Shorts

March 14, 2018 - By Vivian Park

The stock of Meridian Bancorp, Inc. (NASDAQ:EBSB) is a huge mover today! The stock increased 1.24% or $0.25 during the last trading session, reaching $20.5. About 93,185 shares traded. Meridian Bancorp, Inc. (NASDAQ:EBSB) has risen 12.94% since March 14, 2017 and is uptrending. It has underperformed by 3.76% the S&P500.The move comes after 5 months positive chart setup for the $999.09 million company. It was reported on Mar, 14 by We have $21.32 PT which if reached, will make NASDAQ:EBSB worth $39.96M more.

Vicor Corporation (NASDAQ:VICR) had a decrease of 8.95% in short interest. VICR’s SI was 251,300 shares in March as released by FINRA. Its down 8.95% from 276,000 shares previously. With 50,000 avg volume, 5 days are for Vicor Corporation (NASDAQ:VICR)’s short sellers to cover VICR’s short positions. The SI to Vicor Corporation’s float is 1.46%. The stock decreased 1.94% or $0.5 during the last trading session, reaching $25.3. About 65,686 shares traded. Vicor Corporation (NASDAQ:VICR) has risen 87.64% since March 14, 2017 and is uptrending. It has outperformed by 70.94% the S&P500.

Since December 8, 2017, it had 2 buys, and 3 insider sales for $100,273 activity. $85,125 worth of Vicor Corporation (NASDAQ:VICR) shares were sold by GRIFFIN LIAM. On Thursday, December 14 the insider VINCIARELLI PATRIZIO bought $217,800. Nagel Richard J Jr sold $67,423 worth of stock or 2,500 shares.

Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.38, from 1.19 in 2017Q2. It is negative, as 2 investors sold Vicor Corporation shares while 29 reduced holdings. 12 funds opened positions while 25 raised stakes. 9.84 million shares or 0.80% more from 9.77 million shares in 2017Q2 were reported. Needham Limited Liability invested in 114,700 shares or 0.69% of the stock. Schwab Charles Invest Mngmt Inc owns 0% invested in Vicor Corporation (NASDAQ:VICR) for 36,100 shares. State Of Alaska Department Of Revenue holds 0% of its portfolio in Vicor Corporation (NASDAQ:VICR) for 3,196 shares. Royal Commercial Bank Of Canada holds 0% of its portfolio in Vicor Corporation (NASDAQ:VICR) for 1,573 shares. Tiaa Cref Investment Mgmt owns 0% invested in Vicor Corporation (NASDAQ:VICR) for 46,582 shares. Wells Fargo Mn has 19,622 shares for 0% of their portfolio. 14,228 are held by State Board Of Administration Of Florida Retirement Sys. Prelude Capital Management Limited Liability Corp, a New York-based fund reported 200 shares. Vanguard, Pennsylvania-based fund reported 890,747 shares. 151,228 were reported by Bancorporation Of Mellon. 11,150 are held by Public Employees Retirement Association Of Colorado. Cadence Cap Lc holds 0.09% or 61,790 shares. Ls Invest Advsr Ltd Liability Corporation reported 6,091 shares stake. Sector Pension Board reported 10,141 shares. Prudential Fincl Incorporated stated it has 32,162 shares or 0% of all its holdings.

Vicor Corporation designs, develops, makes, and markets modular components and power systems for converting, regulating, and controlling electric current worldwide. The company has market cap of $995.29 million. It operates through Brick Business Unit, VI Chip, and Picor divisions. It has a 6325 P/E ratio. The firm offers modular direct current -DC converters and complementary components, open-frame intermediate bus converters, configurable products, and custom power systems, as well as cool-power high density zero voltage soft switching DC-DC converters.

Among 4 analysts covering Meridian Interstate Bancorp (NASDAQ:EBSB), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Meridian Interstate Bancorp had 12 analyst reports since September 30, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Meridian Bancorp, Inc. (NASDAQ:EBSB) rating on Monday, February 26. Keefe Bruyette & Woods has “Hold” rating and $22.0 target. Compass Point downgraded the shares of EBSB in report on Friday, November 18 to “Neutral” rating. The rating was upgraded by Compass Point on Monday, June 26 to “Buy”. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, January 24. The rating was maintained by Hovde Group with “Hold” on Wednesday, January 24. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The company was maintained on Tuesday, July 25 by Piper Jaffray. Keefe Bruyette & Woods maintained the shares of EBSB in report on Thursday, August 31 with “Hold” rating. As per Tuesday, October 31, the company rating was maintained by Piper Jaffray. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, October 3.

Meridian Bancorp, Inc. operates as the holding firm for East Boston Savings Bank that provides various financial services and products for individuals and businesses primarily in Suffolk, Norfolk, Middlesex, and Essex counties, Massachusetts. The company has market cap of $999.09 million. The firm accepts various deposit products, such as non-interest-bearing demand deposits comprising checking accounts; interest-bearing demand accounts, including NOW and money market accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts. It has a 25 P/E ratio. The Company’s loan portfolio consists of commercial real estate loans, which are secured by properties used for business purposes, such as office buildings, industrial facilities, and retail facilities; one- to four-family residential loans, including mortgage loans that enable borrowers to purchase or refinance existing homes; multi-family real estate loans; construction loans; commercial and industrial loans; home equity lines of credit; and consumer loans, including automobile loans, loans secured by passbook or certificate accounts, credit builder, and annuity and overdraft loans.

Analysts await Meridian Bancorp, Inc. (NASDAQ:EBSB) to report earnings on April, 24. They expect $0.25 EPS, up 38.89% or $0.07 from last year’s $0.18 per share. EBSB’s profit will be $12.18M for 20.50 P/E if the $0.25 EPS becomes a reality. After $0.30 actual EPS reported by Meridian Bancorp, Inc. for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.

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