Zacks Investment Research upgraded shares of MERIDIAN INTRST (EBSB) from NEUTRAL to OUTPERFORM on October 09, 2012, with a target price of $18.60.
MERIDIAN INTERSTATE BANCORP, INC. is a Massachusetts chartered mid-tier holding company established by East Boston Savings Bank to be its holding company. Meridian Interstate Bancorp, Inc. owns all of EBSB's capital stock and directs, plans and coordinates EBSB's business activities. In addition, Meridian Interstate Bancorp, Inc. owns forty percent of the capital stock of Hampshire First Bank, a New Hampshire chartered bank, headquartered in Manchester, New Hampshire.
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