Dimensional Fund Advisors LP Buys 164,243 Shares of Meridian Bancorp, Inc. (EBSB)

Dimensional Fund Advisors LP raised its position in Meridian Bancorp, Inc. (NASDAQ:EBSB) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,139,513 shares of the savings and loans company’s stock after buying an additional 164,243 shares during the period. Dimensional Fund Advisors LP owned 4.20% of Meridian Bancorp worth $39,153,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of EBSB. Sei Investments Co. increased its stake in shares of Meridian Bancorp by 5.8% in the first quarter. Sei Investments Co. now owns 5,918 shares of the savings and loans company’s stock worth $108,000 after buying an additional 325 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Meridian Bancorp by 2.5% in the first quarter. California Public Employees Retirement System now owns 53,127 shares of the savings and loans company’s stock worth $972,000 after buying an additional 1,300 shares during the last quarter. American International Group Inc. increased its stake in shares of Meridian Bancorp by 7.0% in the first quarter. American International Group Inc. now owns 29,674 shares of the savings and loans company’s stock worth $543,000 after buying an additional 1,929 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Meridian Bancorp by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 89,581 shares of the savings and loans company’s stock worth $1,693,000 after buying an additional 1,956 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Meridian Bancorp by 128.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,852 shares of the savings and loans company’s stock worth $129,000 after buying an additional 3,852 shares during the last quarter. 64.80% of the stock is owned by hedge funds and other institutional investors.

Meridian Bancorp, Inc. (EBSB) traded down 0.29% during trading on Friday, reaching $17.10. The company’s stock had a trading volume of 238,389 shares. Meridian Bancorp, Inc. has a 1-year low of $15.06 and a 1-year high of $20.55. The company’s 50-day moving average is $17.12 and its 200-day moving average is $17.69. The company has a market capitalization of $872.15 million, a P/E ratio of 21.92 and a beta of 0.26.

Meridian Bancorp (NASDAQ:EBSB) last announced its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The company had revenue of $40.49 million during the quarter. Meridian Bancorp had a return on equity of 6.77% and a net margin of 22.50%. Equities analysts anticipate that Meridian Bancorp, Inc. will post $0.82 EPS for the current year.

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A number of brokerages recently issued reports on EBSB. Piper Jaffray Companies reissued a “hold” rating on shares of Meridian Bancorp in a research report on Wednesday, July 26th. BidaskClub downgraded Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Compass Point raised Meridian Bancorp from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, June 26th.

In other news, Director James G. Sartori sold 1,500 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $17.36, for a total value of $26,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frank Romano bought 3,785 shares of the stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $17.69 per share, with a total value of $66,956.65. The disclosure for this purchase can be found here. Corporate insiders own 5.10% of the company’s stock.

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.

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

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