Thomson Horstmann & Bryant Inc. decreased its stake in Meridian Bancorp, Inc. (NASDAQ:EBSB) by 9.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 322,562 shares of the savings and loans company’s stock after selling 33,255 shares during the quarter. Thomson Horstmann & Bryant Inc. owned approximately 0.63% of Meridian Bancorp worth $6,015,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in shares of 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 valued at $100,000 after purchasing an additional 5,692 shares during the period. Sei Investments Co. grew its position in shares of Meridian Bancorp by 5.8% in the first quarter. Sei Investments Co. now owns 5,918 shares of the savings and loans company’s stock valued at $108,000 after purchasing an additional 325 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Meridian Bancorp in the second quarter valued at about $126,000. Banc Funds Co. LLC acquired a new stake in shares of Meridian Bancorp in the second quarter valued at about $169,000. Finally, Wolverine Trading LLC acquired a new stake in shares of Meridian Bancorp in the second quarter valued at about $173,000. Institutional investors and hedge funds own 64.78% of the company’s stock.
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Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.00 target price on shares of Meridian Bancorp in a research report on Thursday, August 31st. BidaskClub lowered shares of Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Piper Jaffray Companies reiterated a “hold” rating on shares of Meridian Bancorp in a research report on Wednesday, July 26th.
Meridian Bancorp, Inc. (NASDAQ EBSB) traded up $0.05 on Friday, reaching $19.10. 121,600 shares of the company were exchanged, compared to its average volume of 158,307. The firm has a market capitalization of $1,028.13, a price-to-earnings ratio of 21.90 and a beta of 0.28. Meridian Bancorp, Inc. has a 52-week low of $15.85 and a 52-week high of $20.55. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.69.
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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