Meridian Bancorp, Inc. (EBSB) Shares Bought by Citadel Advisors LLC
Citadel Advisors LLC boosted its stake in shares of Meridian Bancorp, Inc. (NASDAQ:EBSB) by 45.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,915 shares of the savings and loans company’s stock after purchasing an additional 24,577 shares during the quarter. Citadel Advisors LLC owned 0.15% of Meridian Bancorp worth $1,471,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Meridian Bancorp by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,303,904 shares of the savings and loans company’s stock valued at $38,937,000 after purchasing an additional 164,391 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 valued at $36,415,000 after purchasing an additional 58,380 shares during the last quarter. Renaissance Technologies LLC raised its stake in Meridian Bancorp by 5.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,683,758 shares of the savings and loans company’s stock valued at $28,456,000 after purchasing an additional 91,700 shares during the last quarter. State Street Corp raised its stake in Meridian Bancorp by 3.8% during the 2nd quarter. State Street Corp now owns 1,113,653 shares of the savings and loans company’s stock valued at $18,822,000 after purchasing an additional 40,376 shares during the last quarter. Finally, Boston Partners raised its stake in Meridian Bancorp by 6.9% during the 3rd quarter. Boston Partners now owns 785,050 shares of the savings and loans company’s stock valued at $14,641,000 after purchasing an additional 50,730 shares during the last quarter. Hedge funds and other institutional investors own 66.13% of the company’s stock.
Meridian Bancorp, Inc. (NASDAQ EBSB) opened at $20.00 on Thursday. Meridian Bancorp, Inc. has a one year low of $15.85 and a one year high of $20.73. The stock has a market cap of $1,090.00, a price-to-earnings ratio of 23.62 and a beta of 0.63. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th will be paid a $0.05 dividend. This is a boost from Meridian Bancorp’s previous quarterly dividend of $0.04. The ex-dividend date is Monday, December 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.00%. Meridian Bancorp’s dividend payout ratio is currently 18.60%.
In other news, Director Marilyn A. Censullo sold 11,929 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $19.95, for a total value of $237,983.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard F. Fernandez sold 14,801 shares of the stock in a transaction on Thursday, November 16th. The shares were 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. In the last 90 days, insiders sold 41,420 shares of company stock valued at $826,454. Corporate insiders own 5.10% of the company’s stock.
Separately, Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.00 price objective on shares of Meridian Bancorp in a research note on Thursday, August 31st.
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Meridian Bancorp 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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