Boston Partners Raises Holdings in Meridian Bancorp, Inc. (EBSB)
Boston Partners grew its stake in Meridian Bancorp, Inc. (NASDAQ:EBSB) by 6.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 785,050 shares of the savings and loans company’s stock after purchasing an additional 50,730 shares during the quarter. Boston Partners owned about 1.54% of Meridian Bancorp worth $14,641,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of EBSB. Bain Capital Public Equity Management LLC bought a new position in Meridian Bancorp in the 2nd quarter worth $4,056,000. Dimensional Fund Advisors LP raised its holdings in Meridian Bancorp by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,303,904 shares of the savings and loans company’s stock worth $38,937,000 after purchasing an additional 164,391 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Meridian Bancorp by 189.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 239,935 shares of the savings and loans company’s stock worth $4,391,000 after purchasing an additional 157,172 shares in the last quarter. Vanguard Group Inc. raised its holdings in Meridian Bancorp by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 2,096,411 shares of the savings and loans company’s stock worth $38,364,000 after purchasing an additional 141,534 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Meridian Bancorp in the 2nd quarter worth about $2,234,000. Institutional investors and hedge funds own 64.91% of the company’s stock.
A number of analysts have recently weighed in on EBSB shares. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Meridian Bancorp in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 target price on shares of Meridian Bancorp in a research report on Thursday, August 31st.
Shares of Meridian Bancorp, Inc. (NASDAQ:EBSB) opened at $19.60 on Wednesday. Meridian Bancorp, Inc. has a 1 year low of $15.85 and a 1 year high of $20.55. The firm has a market cap of $1,047.02, a PE ratio of 22.30 and a beta of 0.28. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 1.23.
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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