Harbor Advisors LLC continued to hold its position in Meridian Bancorp, Inc. (NASDAQ:EBSB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the savings and loans company’s stock at the end of the first quarter. Harbor Advisors LLC’s holdings in Meridian Bancorp were worth $183,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Meridian Bancorp during the fourth quarter valued at about $7,968,000. State Street Corp boosted its position in Meridian Bancorp by 11.0% in the fourth quarter. State Street Corp now owns 1,048,679 shares of the savings and loans company’s stock valued at $19,820,000 after buying an additional 104,045 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Meridian Bancorp by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,975,270 shares of the savings and loans company’s stock valued at $37,333,000 after buying an additional 98,928 shares in the last quarter. FMR LLC boosted its position in Meridian Bancorp by 3.4% in the fourth quarter. FMR LLC now owns 4,677,871 shares of the savings and loans company’s stock valued at $88,412,000 after buying an additional 155,979 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Meridian Bancorp by 13.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,558,158 shares of the savings and loans company’s stock valued at $29,449,000 after buying an additional 180,914 shares in the last quarter. Hedge funds and other institutional investors own 65.52% of the company’s stock.
Meridian Bancorp, Inc. (EBSB) traded down 1.76% during trading on Friday, hitting $16.70. 222,474 shares of the company traded hands. The firm has a market cap of $850.85 million, a price-to-earnings ratio of 24.20 and a beta of 0.28. The company’s 50-day moving average is $16.94 and its 200 day moving average is $18.19. Meridian Bancorp, Inc. has a 52-week low of $13.66 and a 52-week high of $20.55.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Wednesday, June 21st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Monday, June 19th. Meridian Bancorp’s dividend payout ratio (DPR) is currently 23.19%.
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Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.00 target price on shares of Meridian Bancorp in a research note on Wednesday, April 5th.
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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