California Public Employees Retirement System Sells 25,000 Shares of Meridian Bancorp, Inc. (EBSB)

California Public Employees Retirement System trimmed its holdings in Meridian Bancorp, Inc. (NASDAQ:EBSB) by 47.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,127 shares of the savings and loans company’s stock after selling 25,000 shares during the period. California Public Employees Retirement System owned 0.06% of Meridian Bancorp worth $475,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. 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 worth $100,000 after buying an additional 5,692 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Meridian Bancorp in the second quarter worth $178,000. Sei Investments Co. lifted its stake in shares of Meridian Bancorp by 91.2% in the second quarter. Sei Investments Co. now owns 11,318 shares of the savings and loans company’s stock worth $191,000 after buying an additional 5,400 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Meridian Bancorp by 3.3% in the second 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. Finally, Victory Capital Management Inc. lifted its stake in shares of Meridian Bancorp by 17.6% in the second quarter. Victory Capital Management Inc. now owns 14,569 shares of the savings and loans company’s stock worth $246,000 after buying an additional 2,184 shares during the last quarter. 63.55% of the stock is owned by institutional investors.

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

Meridian Bancorp, Inc. (NASDAQ EBSB) opened at $19.95 on Thursday. The company has a market cap of $1,076.71, a price-to-earnings ratio of 22.93 and a beta of 0.28. Meridian Bancorp, Inc. has a one year low of $15.85 and a one year high of $20.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.23 and a current ratio of 1.23.

A number of brokerages have recently weighed in on EBSB. Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.00 price objective on shares of Meridian Bancorp in a research note on Thursday, August 31st. Piper Jaffray Companies reiterated a “hold” rating on shares of Meridian Bancorp in a research note on Wednesday, July 26th.

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.

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

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