Russell Investments Group Ltd. Has $9.04 Million Holdings in Meridian Bancorp, Inc. (EBSB)

Russell Investments Group Ltd. raised its position in shares of Meridian Bancorp, Inc. (NASDAQ:EBSB) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 484,592 shares of the savings and loans company’s stock after purchasing an additional 31,400 shares during the period. Russell Investments Group Ltd. owned 0.90% of Meridian Bancorp worth $9,037,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EBSB. Vanguard Group Inc. raised its position in shares of Meridian Bancorp by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,154,791 shares of the savings and loans company’s stock worth $36,415,000 after buying an additional 58,380 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Meridian Bancorp by 3.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 272,802 shares of the savings and loans company’s stock worth $4,610,000 after buying an additional 10,333 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Meridian Bancorp during the 2nd quarter worth about $540,000. Bain Capital Public Equity Management LLC bought a new stake in shares of Meridian Bancorp during the 2nd quarter worth about $4,056,000. Finally, New York State Common Retirement Fund raised its position in shares of Meridian Bancorp by 13.6% during the 2nd quarter. New York State Common Retirement Fund now owns 64,249 shares of the savings and loans company’s stock worth $1,086,000 after buying an additional 7,668 shares in the last quarter. 66.13% of the stock is owned by hedge funds and other institutional investors.

Shares of Meridian Bancorp, Inc. (NASDAQ:EBSB) opened at $20.00 on Thursday. Meridian Bancorp, Inc. has a 52-week low of $15.85 and a 52-week high of $20.73. The company has a market cap of $1,090.00, a PE ratio of 23.62 and a beta of 0.63. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.23 and a current ratio of 1.23.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.00%. This is an increase from Meridian Bancorp’s previous quarterly dividend of $0.04. The ex-dividend date is Monday, December 18th. Meridian Bancorp’s payout ratio is 18.60%.

In related news, Director Anna R. Dimaria sold 14,690 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $20.16, for a total value of $296,150.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Fernandez sold 14,801 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $19.75, for a total transaction of $292,319.75. The disclosure for this sale can be found here. Insiders have sold a total of 41,420 shares of company stock worth $826,454 over the last 90 days. 5.10% of the stock is owned by insiders.

Separately, Keefe, Bruyette & Woods restated a “hold” rating and set a $19.00 price target on shares of Meridian Bancorp in a research report on Thursday, August 31st.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.thelincolnianonline.com/2017/12/07/russell-investments-group-ltd-has-9-04-million-holdings-in-meridian-bancorp-inc-ebsb.html.

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.

Want to see what other hedge funds are holding EBSB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meridian Bancorp, Inc. (NASDAQ:EBSB).

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

Receive News & Ratings for Meridian Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meridian Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply