State Street Corp raised its position in Meridian Bancorp, Inc. (NASDAQ:EBSB) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,113,653 shares of the savings and loans company’s stock after buying an additional 40,376 shares during the quarter. State Street Corp owned 2.18% of Meridian Bancorp worth $18,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in Meridian Bancorp by 7.7% in 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 buying an additional 164,391 shares in the last quarter. Vanguard Group Inc. grew its holdings in Meridian Bancorp by 2.8% in 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 buying an additional 58,380 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Meridian Bancorp by 5.8% in 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 buying an additional 91,700 shares in the last quarter. Geode Capital Management LLC grew its holdings in Meridian Bancorp by 6.4% in the 1st quarter. Geode Capital Management LLC now owns 459,075 shares of the savings and loans company’s stock valued at $8,401,000 after buying an additional 27,662 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Meridian Bancorp by 2.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 453,192 shares of the savings and loans company’s stock valued at $7,658,000 after buying an additional 10,257 shares in the last quarter. 64.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Meridian Bancorp, Inc. (EBSB) opened at $19.95 on Friday. The firm has a market capitalization of $1,076.70, a price-to-earnings ratio of 22.93 and a beta of 0.28. 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 1 year low of $15.85 and a 1 year high of $20.55.

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In other news, Director Richard F. Fernandez sold 14,801 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $19.75, for a total transaction of $292,319.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

A number of analysts have recently weighed in on EBSB shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.00 target price on shares of Meridian Bancorp in a research report on Thursday, August 31st. Piper Jaffray Companies reiterated a “hold” rating on shares of Meridian Bancorp in a research report on Wednesday, July 26th. Finally, BidaskClub downgraded Meridian Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th.

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.

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

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