SG Americas Securities LLC Decreases Stock Position in Meridian Bancorp, Inc. (NASDAQ:EBSB)

SG Americas Securities LLC reduced its position in Meridian Bancorp, Inc. (NASDAQ:EBSB) by 34.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,662 shares of the savings and loans company’s stock after selling 4,574 shares during the quarter. SG Americas Securities LLC’s holdings in Meridian Bancorp were worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in EBSB. BlackRock Inc. boosted its holdings in shares of Meridian Bancorp by 10.7% in the first quarter. BlackRock Inc. now owns 4,317,811 shares of the savings and loans company’s stock worth $79,533,000 after acquiring an additional 417,207 shares during the period. GW&K Investment Management LLC boosted its holdings in shares of Meridian Bancorp by 1.8% in the first quarter. GW&K Investment Management LLC now owns 998,422 shares of the savings and loans company’s stock worth $18,391,000 after acquiring an additional 18,050 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Meridian Bancorp by 9.1% in the first quarter. Geode Capital Management LLC now owns 856,688 shares of the savings and loans company’s stock worth $15,780,000 after acquiring an additional 71,685 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Meridian Bancorp by 9.1% in the first quarter. Alliancebernstein L.P. now owns 742,825 shares of the savings and loans company’s stock worth $13,683,000 after acquiring an additional 62,145 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Meridian Bancorp by 2.7% in the first quarter. Russell Investments Group Ltd. now owns 383,587 shares of the savings and loans company’s stock worth $7,066,000 after acquiring an additional 9,982 shares during the period. 65.93% of the stock is owned by institutional investors and hedge funds.

NASDAQ:EBSB opened at $19.26 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.71. The company’s fifty day simple moving average is $20.85. Meridian Bancorp, Inc. has a 52-week low of $9.75 and a 52-week high of $22.97. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.75 and a beta of 1.04.

Meridian Bancorp (NASDAQ:EBSB) last issued its quarterly earnings results on Wednesday, April 21st. The savings and loans company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.10. Meridian Bancorp had a return on equity of 10.05% and a net margin of 28.63%. The firm had revenue of $53.33 million during the quarter, compared to analyst estimates of $52.23 million. On average, equities analysts predict that Meridian Bancorp, Inc. will post 1.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 1st. Shareholders of record on Thursday, June 17th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.08%. The ex-dividend date was Wednesday, June 16th. Meridian Bancorp’s dividend payout ratio (DPR) is currently 31.01%.

Several equities research analysts recently issued reports on EBSB shares. Zacks Investment Research lowered Meridian Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, April 6th. Raymond James reissued a “market perform” rating on shares of Meridian Bancorp in a research note on Monday, May 3rd.

Meridian Bancorp Company Profile

Meridian Bancorp, Inc operates as the holding company for East Boston Savings Bank that provides various financial products and services for individuals and businesses primarily in Suffolk, Norfolk, Middlesex, and Essex Counties, Massachusetts. The company accepts various deposit products, including non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, including NOW and money market accounts; savings accounts; and certificates of deposit, as well as commercial checking accounts.

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

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