Emerald Mutual Fund Advisers Trust held its position in shares of Meridian Bancorp Inc. (NASDAQ:EBSB) during the second quarter, Holdings Channel reports. The fund owned 45,870 shares of the company’s stock at the end of the second quarter. Emerald Mutual Fund Advisers Trust’s holdings in Meridian Bancorp were worth $678,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc raised its position in shares of Meridian Bancorp by 32.3% in the first quarter. Legal & General Group Plc now owns 8,087 shares of the company’s stock worth $113,000 after buying an additional 1,973 shares in the last quarter. M&T Bank Corp bought a new position in shares of Meridian Bancorp during the first quarter worth $139,000. Bank of Montreal Can bought a new position in shares of Meridian Bancorp during the second quarter worth $318,000. Royal Bank of Canada raised its position in shares of Meridian Bancorp by 31.9% in the first quarter. Royal Bank of Canada now owns 31,046 shares of the company’s stock worth $432,000 after buying an additional 7,503 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Meridian Bancorp by 15,488.2% in the first quarter. Barclays PLC now owns 42,400 shares of the company’s stock worth $551,000 after buying an additional 42,128 shares in the last quarter. 66.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Meridian Bancorp Inc. (NASDAQ:EBSB) traded up 0.06% on Friday, reaching $15.53. 95,515 shares of the company were exchanged. The stock has a 50 day moving average of $15.49 and a 200-day moving average of $14.90. The company has a market capitalization of $792.43 million, a P/E ratio of 31.69 and a beta of 0.51. Meridian Bancorp Inc. has a 52-week low of $12.28 and a 52-week high of $15.77.
Meridian Bancorp (NASDAQ:EBSB) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.03. Meridian Bancorp had a net margin of 17.96% and a return on equity of 4.44%. On average, analysts predict that Meridian Bancorp Inc. will post $0.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.77%. Meridian Bancorp’s dividend payout ratio is presently 24.49%.
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.
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