Should You Buy Meridian Bancorp Inc (MARYLAND) (EBSB) Stock on Wednesday?

Wednesday, November 10, 2021 01:34 PM | InvestorsObserver Analysts

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Should You Buy Meridian Bancorp Inc (MARYLAND) (EBSB) Stock on Wednesday?

The market has been high on Meridian Bancorp Inc (MARYLAND) (EBSB) stock recently. EBSB gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Meridian Bancorp Inc (MARYLAND) has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EBSB!

See Full EBSB Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With EBSB Stock Today?

Meridian Bancorp Inc (MARYLAND) (EBSB) stock is trading at $24.78 as of 1:31 PM on Wednesday, Nov 10, a decline of -$0.38, or -1.55% from the previous closing price of $25.16. The stock has traded between $24.51 and $25.46 so far today. Volume today is less active than usual. So far 177,261 shares have traded compared to average volume of 259,003 shares.

More About Meridian Bancorp Inc (MARYLAND)

Meridian Bancorp Inc operates as a bank. It provides services such as checking, savings, loans, credit cards, corporate banking, commercial banking, cash management, institutional banking, personal online banking, business online banking, and other banking services. The bank generates its revenue in the form of net interests. Click Here to get the full Stock Report for Meridian Bancorp Inc (MARYLAND) stock.