Northern Trust Corp Sells 4,385 Shares of Meridian Bancorp, Inc. (EBSB)

Northern Trust Corp lowered its stake in Meridian Bancorp, Inc. (NASDAQ:EBSB) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 618,586 shares of the savings and loans company’s stock after selling 4,385 shares during the period. Northern Trust Corp owned 1.21% of Meridian Bancorp worth $10,454,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Alps Advisors Inc. grew its stake in shares of Meridian Bancorp by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 25,745 shares of the savings and loans company’s stock worth $435,000 after buying an additional 67 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Meridian Bancorp by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 12,312 shares of the savings and loans company’s stock worth $208,000 after buying an additional 388 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Meridian Bancorp by 0.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 186,424 shares of the savings and loans company’s stock worth $3,151,000 after buying an additional 679 shares during the last quarter. Federated Investors Inc. PA grew its stake in shares of Meridian Bancorp by 2.8% in the 2nd quarter. Federated Investors Inc. PA now owns 29,814 shares of the savings and loans company’s stock worth $504,000 after buying an additional 804 shares during the last quarter. Finally, Anchor Capital Advisors LLC grew its stake in shares of Meridian Bancorp by 2.1% in the 2nd quarter. Anchor Capital Advisors LLC now owns 44,821 shares of the savings and loans company’s stock worth $757,000 after buying an additional 904 shares during the last quarter. Institutional investors own 64.78% of the company’s stock.

Shares of Meridian Bancorp, Inc. (EBSB) opened at $19.70 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.23 and a current ratio of 1.23. Meridian Bancorp, Inc. has a 52 week low of $15.70 and a 52 week high of $20.55. The company has a market capitalization of $1,062.76, a price-to-earnings ratio of 22.64 and a beta of 0.28.

In other Meridian Bancorp news, Director James G. Sartori sold 1,500 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $17.36, for a total transaction of $26,040.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 5.10% of the company’s stock.

Several research firms recently weighed in on EBSB. Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.00 price target on shares of Meridian Bancorp in a research note on Thursday, August 31st. Piper Jaffray Companies restated a “hold” rating on shares of Meridian Bancorp in a research note on Wednesday, July 26th. Finally, BidaskClub downgraded Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th.

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

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