Unit (UNT) Reaches $19.76 Formed H&S; Meridian Interstate Bancorp (EBSB) Has 1.13 Sentiment

Meridian Interstate Bancorp Inc (EBSB) investors sentiment decreased to 1.13 in 2017 Q4. It’s down -0.53, from 1.66 in 2017Q3. The ratio has worsened, as 63 institutional investors opened new or increased holdings, while 56 reduced and sold positions in Meridian Interstate Bancorp Inc. The institutional investors in our database now have: 35.32 million shares, up from 35.02 million shares in 2017Q3. Also, the number of institutional investors holding Meridian Interstate Bancorp Inc in top ten holdings was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 44 Increased: 42 New Position: 21.

Unit Corporation (UNT) formed H&S with $17.98 target or 9.00% below today’s $19.76 share price. Unit Corporation (UNT) has $1.07 billion valuation. The stock increased 21.08% or $3.44 during the last trading session, reaching $19.76. About 2.16 million shares traded or 301.34% up from the average. Unit Corporation (NYSE:UNT) has declined 23.47% since April 2, 2017 and is downtrending. It has underperformed by 35.02% the S&P500.

Analysts await Meridian Bancorp, Inc. (NASDAQ:EBSB) to report earnings on April, 24. They expect $0.25 earnings per share, up 38.89% or $0.07 from last year’s $0.18 per share. EBSB’s profit will be $12.18 million for 20.15 P/E if the $0.25 EPS becomes a reality. After $0.30 actual earnings per share reported by Meridian Bancorp, Inc. for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.

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 $982.03 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 24.57 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.

The stock decreased 0.25% or $0.05 during the last trading session, reaching $20.15. About 219,858 shares traded. Meridian Bancorp, Inc. (EBSB) has risen 9.34% since April 2, 2017 and is uptrending. It has underperformed by 2.21% the S&P500.

Salzhauer Michael holds 1.71% of its portfolio in Meridian Bancorp, Inc. for 211,051 shares. Stieven Capital Advisors L.P. owns 364,124 shares or 1.32% of their US portfolio. Moreover, Impax Asset Management Llc has 1.19% invested in the company for 1.01 million shares. The Connecticut-based Thomson Horstmann & Bryant Inc has invested 0.87% in the stock. Ejf Capital Llc, a Virginia-based fund reported 400,000 shares.

Among 8 analysts covering Unit (NYSE:UNT), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Unit had 23 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of Unit Corporation (NYSE:UNT) earned “Buy” rating by SunTrust on Friday, February 23. The firm has “Hold” rating given on Friday, September 15 by Cowen & Co. The stock has “Buy” rating by SunTrust on Thursday, December 17. Raymond James upgraded the stock to “Strong Buy” rating in Friday, May 6 report. The stock of Unit Corporation (NYSE:UNT) has “Hold” rating given on Monday, November 21 by KLR Group. On Tuesday, March 27 the stock rating was downgraded by SunTrust to “Hold”. The rating was downgraded by KLR Group to “Reduce” on Tuesday, December 13. The company was reinitiated on Friday, June 24 by Seaport Global. The firm has “Hold” rating given on Thursday, October 19 by Cowen & Co. KLR Group upgraded the stock to “Buy” rating in Friday, May 5 report.

Analysts await Unit Corporation (NYSE:UNT) to report earnings on May, 3. They expect $0.32 earnings per share, up 113.33% or $0.17 from last year’s $0.15 per share. UNT’s profit will be $17.30M for 15.44 P/E if the $0.32 EPS becomes a reality. After $0.22 actual earnings per share reported by Unit Corporation for the previous quarter, Wall Street now forecasts 45.45% EPS growth.

Investors sentiment decreased to 0.84 in Q4 2017. Its down 0.31, from 1.15 in 2017Q3. It turned negative, as 14 investors sold Unit Corporation shares while 67 reduced holdings. 25 funds opened positions while 43 raised stakes. 48.03 million shares or 2.58% less from 49.30 million shares in 2017Q3 were reported. The Illinois-based First Advisors Limited Partnership has invested 0.01% in Unit Corporation (NYSE:UNT). Castleark Ltd Liability Corporation has invested 0.01% in Unit Corporation (NYSE:UNT). Parkside Bancorporation And accumulated 18 shares or 0% of the stock. Delphi Mngmt Ma stated it has 0.33% of its portfolio in Unit Corporation (NYSE:UNT). Smith Asset Mgmt Gru Lp accumulated 938 shares or 0% of the stock. Pacad Inv Ltd, British Columbia – Canada-based fund reported 5,600 shares. Wealthtrust Axiom Ltd has 0.25% invested in Unit Corporation (NYSE:UNT). Barclays Public Limited Liability reported 11,850 shares. Sterling Management Limited Liability Co reported 49,057 shares stake. Financial Bank Of Ny Mellon has 900,915 shares for 0.01% of their portfolio. Prescott Group Capital Mgmt Limited holds 60,999 shares. New York State Teachers Retirement Systems has invested 0.01% in Unit Corporation (NYSE:UNT). 58,002 were reported by Federated Pa. Manufacturers Life Co The holds 0% of its portfolio in Unit Corporation (NYSE:UNT) for 39,669 shares. Morgan Stanley owns 0% invested in Unit Corporation (NYSE:UNT) for 130,320 shares.

Unit Corporation (NYSE:UNT) Institutional Positions Chart