Boston Partners lowered its position in shares of Meridian Bancorp, Inc. (NASDAQ:EBSB) by 13.7% in the 4th quarter, HoldingsChannel reports. The fund owned 677,820 shares of the savings and loans company’s stock after selling 107,230 shares during the period. Boston Partners’ holdings in Meridian Bancorp were worth $13,963,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in Meridian Bancorp during the second quarter valued at approximately $126,000. Prudential Financial Inc. purchased a new position in Meridian Bancorp during the second quarter valued at approximately $178,000. Simplex Trading LLC grew its stake in Meridian Bancorp by 108.6% during the third quarter. Simplex Trading LLC now owns 10,298 shares of the savings and loans company’s stock valued at $192,000 after acquiring an additional 5,362 shares in the last quarter. Legal & General Group Plc grew its stake in Meridian Bancorp by 3.3% during the second quarter. Legal & General Group Plc now owns 12,312 shares of the savings and loans company’s stock valued at $208,000 after acquiring an additional 388 shares in the last quarter. Finally, First Quadrant L P CA purchased a new position in Meridian Bancorp during the third quarter valued at approximately $226,000. 67.06% of the stock is owned by institutional investors.
Meridian Bancorp, Inc. (EBSB) opened at $19.62 on Friday. The company has a market cap of $1,086.19, a P/E ratio of 24.27 and a beta of 0.22. Meridian Bancorp, Inc. has a 12 month low of $15.85 and a 12 month high of $21.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.23 and a current ratio of 1.23.
In other Meridian Bancorp news, Director James G. Sartori sold 15,146 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $20.61, for a total value of $312,159.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory F. Natalucci sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $20.70, for a total transaction of $144,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 64,462 shares of company stock valued at $1,301,621. Corporate insiders own 5.10% of the company’s stock.
Several equities analysts recently commented on the stock. BidaskClub raised shares of Meridian Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 price objective on shares of Meridian Bancorp in a research note on Thursday, January 25th.
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Meridian Bancorp Company 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.
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