KBW Maintains Outperform on Meridian Interstate Bancorp

KBW is out with its report today on Meridian Interstate Bancorp EBSB, maintaining Outperform. In its report, KBW writes, "EBSB reported operating results of $0.10/sh missing both KBW and Street estimates by $0.01 as weaker NII was partially offset by a lower provision. The bank was able to deliver favorable loan growth but credit quality slipped modestly. We look for a lower run rate on the margin to lead to lower earnings in the coming quarters. As such we lower estimates but maintain our price target and OP rating." KBW has a $15.50 on EBSB. Shares of EBSB closed Wednesday at $13.33, down 1.91% from Tuesday's close.