Meridian Bancorp, Inc. (EBSB) Position Trimmed by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in shares of Meridian Bancorp, Inc. (NASDAQ:EBSB) by 10.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,884 shares of the savings and loans company’s stock after selling 10,187 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Meridian Bancorp worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Meridian Bancorp by 2.8% during the second quarter. Vanguard Group Inc. now owns 2,154,791 shares of the savings and loans company’s stock valued at $36,415,000 after buying an additional 58,380 shares during the period. Bank of New York Mellon Corp raised its position in Meridian Bancorp by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 272,802 shares of the savings and loans company’s stock valued at $4,610,000 after buying an additional 10,333 shares during the period. Bain Capital Public Equity Management LLC acquired a new position in Meridian Bancorp during the second quarter valued at $4,056,000. Goldman Sachs Group Inc. raised its position in Meridian Bancorp by 189.9% during the first quarter. Goldman Sachs Group Inc. now owns 239,935 shares of the savings and loans company’s stock valued at $4,391,000 after buying an additional 157,172 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Meridian Bancorp during the second quarter valued at $2,234,000. 63.55% of the stock is currently owned by hedge funds and other institutional investors.

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Meridian Bancorp, Inc. (NASDAQ:EBSB) opened at $20.00 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 1.23. Meridian Bancorp, Inc. has a 52 week low of $15.85 and a 52 week high of $20.55. The company has a market capitalization of $1,076.71, a PE ratio of 22.93 and a beta of 0.28.

A number of research analysts have commented on EBSB shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.00 target price on shares of Meridian Bancorp in a research note on Thursday, August 31st. Piper Jaffray Companies restated a “hold” rating on shares of Meridian Bancorp in a research note on Wednesday, July 26th. Finally, BidaskClub downgraded Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th.

In other Meridian Bancorp news, Director Richard F. Fernandez sold 14,801 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $19.75, for a total value of $292,319.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.

About Meridian Bancorp

Meridian Bancorp Inc, formerly Meridian Interstate Bancorp, Inc, is a mid-tier stock holding company of East Boston Savings Bank (the Bank). The Bank is a state-chartered stock savings bank that operates from 24 full-service locations and two loan centers in the Boston metropolitan area. East Boston Savings Bank operates eight of its full-service locations and a loan center under the name Mt.

Institutional Ownership by Quarter for Meridian Bancorp (NASDAQ:EBSB)

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