California Public Employees Retirement System decreased its position in Meridian Bancorp Inc. (NASDAQ:EBSB) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,927 shares of the company’s stock after selling 700 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Meridian Bancorp worth $1,270,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of EBSB. Emerald Acquisition Ltd. acquired a new stake in Meridian Bancorp during the second quarter worth about $8,455,000. Swiss National Bank increased its position in Meridian Bancorp by 91.7% in the second quarter. Swiss National Bank now owns 88,200 shares of the company’s stock worth $1,304,000 after buying an additional 42,200 shares during the period. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Meridian Bancorp during the second quarter worth $708,000. Chicago Equity Partners LLC purchased a new position in Meridian Bancorp during the second quarter worth $2,041,000. Finally, Bank of Montreal Can purchased a new position in Meridian Bancorp during the second quarter worth $318,000. 66.10% of the stock is owned by institutional investors and hedge funds.
Meridian Bancorp Inc. (NASDAQ:EBSB) traded up 0.39% during trading on Friday, reaching $15.52. The company’s stock had a trading volume of 22,779 shares. The company’s 50-day moving average is $15.51 and its 200-day moving average is $14.94. Meridian Bancorp Inc. has a 12 month low of $12.28 and a 12 month high of $15.77. The stock has a market cap of $791.92 million, a PE ratio of 31.67 and a beta of 0.51.
Meridian Bancorp (NASDAQ:EBSB) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.03. Meridian Bancorp had a net margin of 17.96% and a return on equity of 4.44%. Equities analysts expect that Meridian Bancorp Inc. will post $0.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 19th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Thursday, September 15th. Meridian Bancorp’s payout ratio is 24.49%.
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.
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