EPS for Meridian Bancorp, Inc. (EBSB) Expected At $0.24; Silver Spring Networks (SSNI) Shorts Raised By 39.11%

January 14, 2018 - By Darrin Black

Silver Spring Networks Incorporated (NYSE:SSNI) had an increase of 39.11% in short interest. SSNI’s SI was 2.97 million shares in January as released by FINRA. Its up 39.11% from 2.13M shares previously. With 985,900 avg volume, 3 days are for Silver Spring Networks Incorporated (NYSE:SSNI)’s short sellers to cover SSNI’s short positions. The stock increased 0.12% or $0.02 during the last trading session, reaching $16.26. About 60,308 shares traded. Silver Spring Networks, Inc. (NYSE:SSNI) has declined 21.63% since January 14, 2017 and is downtrending. It has underperformed by 38.33% the S&P500.

Analysts expect Meridian Bancorp, Inc. (NASDAQ:EBSB) to report $0.24 EPS on January, 23.They anticipate $0.02 EPS change or 9.09% from last quarter’s $0.22 EPS. EBSB’s profit would be $11.59M giving it 22.24 P/E if the $0.24 EPS is correct. After having $0.25 EPS previously, Meridian Bancorp, Inc.’s analysts see -4.00% EPS growth. The stock decreased 0.23% or $0.05 during the last trading session, reaching $21.35. About 147,829 shares traded. Meridian Bancorp, Inc. (NASDAQ:EBSB) has risen 12.94% since January 14, 2017 and is uptrending. It has underperformed by 3.76% the S&P500.

Investors sentiment increased to 1.66 in 2017 Q3. Its up 0.39, from 1.27 in 2017Q2. It increased, as 7 investors sold Meridian Bancorp, Inc. shares while 34 reduced holdings. 25 funds opened positions while 43 raised stakes. 35.02 million shares or 2.60% more from 34.14 million shares in 2017Q2 were reported. Prelude Management Limited Liability Company holds 1,900 shares or 0% of its portfolio. Strs Ohio holds 45,700 shares. Commonwealth Equity Serv reported 0.01% of its portfolio in Meridian Bancorp, Inc. (NASDAQ:EBSB). Hightower Ltd Liability Com accumulated 77,722 shares. Boston Prtn stated it has 785,050 shares. Nordea Mngmt has invested 0% in Meridian Bancorp, Inc. (NASDAQ:EBSB). California Public Employees Retirement System holds 0% or 31,947 shares. Bain Capital Pub Equity Ltd Limited Liability Company reported 0.25% stake. Ameritas Inv Partners invested 0% in Meridian Bancorp, Inc. (NASDAQ:EBSB). Thomson Horstmann And Bryant reported 0.83% of its portfolio in Meridian Bancorp, Inc. (NASDAQ:EBSB). Numina Management Ltd has invested 1.03% of its portfolio in Meridian Bancorp, Inc. (NASDAQ:EBSB). Numeric Investors Limited Liability Corporation owns 404,336 shares for 0.06% of their portfolio. Dimensional Fund L P stated it has 0.02% in Meridian Bancorp, Inc. (NASDAQ:EBSB). 34,757 are held by Ameriprise. Matarin Capital Management Limited Liability invested 0.18% in Meridian Bancorp, Inc. (NASDAQ:EBSB).

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 has $24.5 highest and $13.75 lowest target. $19.69’s average target is -7.78% below currents $21.35 stock price. Meridian Interstate Bancorp had 9 analyst reports since September 30, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, November 18 by Compass Point. The firm has “Hold” rating given on Tuesday, July 25 by Piper Jaffray. Keefe Bruyette & Woods maintained Meridian Bancorp, Inc. (NASDAQ:EBSB) on Tuesday, October 3 with “Hold” rating. The firm has “Buy” rating given on Monday, June 26 by Compass Point. Keefe Bruyette & Woods maintained Meridian Bancorp, Inc. (NASDAQ:EBSB) rating on Thursday, August 31. Keefe Bruyette & Woods has “Hold” rating and $19.0 target. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Hold”. The stock of Meridian Bancorp, Inc. (NASDAQ:EBSB) has “Market Perform” rating given on Wednesday, September 30 by Hovde Group. The stock of Meridian Bancorp, Inc. (NASDAQ:EBSB) earned “Hold” rating by Piper Jaffray on Tuesday, October 31.

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 $1.03 billion. 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 24.83 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.

Among 14 analysts covering Silver Spring Networks (NYSE:SSNI), 4 have Buy rating, 0 Sell and 10 Hold. Therefore 29% are positive. Silver Spring Networks had 32 analyst reports since August 6, 2015 according to SRatingsIntel. KeyBanc Capital Markets upgraded the shares of SSNI in report on Tuesday, September 8 to “Overweight” rating. The company was maintained on Tuesday, February 9 by Wunderlich. The stock has “Sector Weight” rating by Pacific Crest on Wednesday, May 10. As per Wednesday, September 28, the company rating was maintained by Wunderlich. The firm has “Outperform” rating given on Tuesday, November 8 by FBR Capital. The rating was maintained by Cowen & Co with “Buy” on Monday, September 11. Oppenheimer maintained Silver Spring Networks, Inc. (NYSE:SSNI) rating on Wednesday, August 9. Oppenheimer has “Buy” rating and $1400 target. The stock of Silver Spring Networks, Inc. (NYSE:SSNI) has “Market Perform” rating given on Tuesday, September 19 by Raymond James. The firm earned “Hold” rating on Friday, October 20 by Cowen & Co. On Friday, September 22 the stock rating was downgraded by FBR Capital to “Hold”.

Since August 12, 2017, it had 0 insider buys, and 9 insider sales for $2.49 million activity. Shares for $179,860 were sold by Vaswani Raj on Friday, September 1. 1,000 shares valued at $12,840 were sold by Arnold Richard S. Jr. on Wednesday, August 16. Another trade for 395 shares valued at $6,415 was made by Bell Michael on Friday, December 15. Another trade for 9,611 shares valued at $124,649 was sold by Reeves Donald L. III.

Silver Spring Networks, Inc. operates as a networking platform and solutions well-known provider for smart energy networks. The company has market cap of $880.35 million. The Company’s SilverLink networking platform provides clients the ability to communicate with devices connected to the power grid. It currently has negative earnings. The companyÂ’s platform enables clients to use the data generated by devices on the network to provide insights for decision making.

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