SG Americas Securities LLC Acquires New Position in Meridian Bancorp, Inc. (EBSB)

SG Americas Securities LLC acquired a new position in Meridian Bancorp, Inc. (NASDAQ:EBSB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,713 shares of the savings and loans company’s stock, valued at approximately $237,000.

Other large investors have also modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in Meridian Bancorp by 2,313.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,938 shares of the savings and loans company’s stock worth $100,000 after buying an additional 5,692 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Meridian Bancorp in the second quarter worth approximately $126,000. Banc Funds Co. LLC bought a new position in Meridian Bancorp in the second quarter worth approximately $169,000. Wolverine Trading LLC bought a new position in Meridian Bancorp in the second quarter worth approximately $173,000. Finally, Simplex Trading LLC raised its stake in Meridian Bancorp by 108.6% in the third quarter. Simplex Trading LLC now owns 10,298 shares of the savings and loans company’s stock worth $192,000 after buying an additional 5,362 shares in the last quarter. 66.13% of the stock is owned by institutional investors.

Meridian Bancorp, Inc. (EBSB) opened at $20.75 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. Meridian Bancorp, Inc. has a 1-year low of $15.85 and a 1-year high of $20.95. The stock has a market cap of $1,119.88, a price-to-earnings ratio of 23.85 and a beta of 0.27.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th will be issued a $0.05 dividend. This is a positive change from Meridian Bancorp’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Monday, December 18th. Meridian Bancorp’s payout ratio is currently 22.99%.

In other Meridian Bancorp news, Director Richard F. Fernandez sold 14,801 shares of Meridian Bancorp stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $19.75, for a total value of $292,319.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Anna R. Dimaria sold 14,690 shares of Meridian Bancorp stock in a transaction on Monday, December 4th. The stock was sold at an average price of $20.16, for a total transaction of $296,150.40. The disclosure for this sale can be found here. Insiders sold 41,420 shares of company stock worth $826,454 over the last ninety days. Corporate insiders own 5.10% of the company’s stock.

EBSB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $19.00 price objective on shares of Meridian Bancorp in a research note on Thursday, August 31st. BidaskClub lowered shares of Meridian Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 7th.

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Meridian Bancorp Profile

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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