Meridian Bancorp, Inc. (NASDAQ:EBSB) Director Anna R. Dimaria sold 14,690 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $20.16, for a total value of $296,150.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Meridian Bancorp, Inc. (EBSB) traded down $0.40 during midday trading on Tuesday, hitting $20.15. 103,908 shares of the company traded hands, compared to its average volume of 162,395. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.74. Meridian Bancorp, Inc. has a twelve month low of $15.85 and a twelve month high of $20.73. The company has a market capitalization of $1,079.40, a PE ratio of 22.99 and a beta of 0.27.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Monday, December 18th. This is a boost from Meridian Bancorp’s previous quarterly dividend of $0.04. Meridian Bancorp’s dividend payout ratio (DPR) is presently 18.39%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its stake in shares of Meridian Bancorp by 2,313.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,938 shares of the savings and loans company’s stock valued at $100,000 after buying an additional 5,692 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Meridian Bancorp in the second quarter valued at about $126,000. Banc Funds Co. LLC bought a new stake in shares of Meridian Bancorp in the second quarter valued at about $169,000. Wolverine Trading LLC bought a new stake in shares of Meridian Bancorp in the second quarter valued at about $173,000. Finally, Simplex Trading LLC lifted its stake in shares of Meridian Bancorp by 108.6% in the third quarter. Simplex Trading LLC now owns 10,298 shares of the savings and loans company’s stock valued at $192,000 after buying an additional 5,362 shares during the period. Institutional investors and hedge funds own 66.13% of the company’s stock.

Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 price target on shares of Meridian Bancorp in a research report on Thursday, August 31st.

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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.

Insider Buying and Selling by Quarter for Meridian Bancorp (NASDAQ:EBSB)

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