Meridian Bancorp, Inc. (EBSB) Director Gregory F. Natalucci Sells 7,000 Shares

Meridian Bancorp, Inc. (NASDAQ:EBSB) Director Gregory F. Natalucci sold 7,000 shares of Meridian Bancorp stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $20.70, for a total value of $144,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Meridian Bancorp, Inc. (NASDAQ EBSB) traded down $0.30 during midday trading on Monday, hitting $20.55. The stock had a trading volume of 251,627 shares, compared to its average volume of 256,087. The company has a market cap of $1,126.72, a P/E ratio of 25.06 and a beta of 0.27. 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 52-week low of $15.85 and a 52-week high of $21.85.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, December 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.97%. This is an increase from Meridian Bancorp’s previous quarterly dividend of $0.04. Meridian Bancorp’s payout ratio is currently 24.39%.

EBSB has been the topic of a number of research reports. BidaskClub raised Meridian Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 target price on shares of Meridian Bancorp in a research report on Thursday.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Meridian Bancorp by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,463,379 shares of the savings and loans company’s stock valued at $45,943,000 after purchasing an additional 159,475 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 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 increased its position in shares of 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 increased its position in shares of 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 increased its position in shares of 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. 67.16% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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