SG Americas Securities LLC purchased a new stake in Meridian Bancorp Inc (NASDAQ:EBSB) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 5,342 shares of the savings and loans company’s stock, valued at approximately $100,000.
Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Meridian Bancorp in the third quarter valued at approximately $30,000. Aperio Group LLC bought a new stake in shares of Meridian Bancorp in the second quarter valued at approximately $178,000. Beese Fulmer Investment Management Inc. bought a new stake in shares of Meridian Bancorp in the third quarter valued at approximately $190,000. Wedge Capital Management L L P NC bought a new stake in shares of Meridian Bancorp in the second quarter valued at approximately $213,000. Finally, Royal Bank of Canada boosted its stake in shares of Meridian Bancorp by 48.7% in the second quarter. Royal Bank of Canada now owns 12,510 shares of the savings and loans company’s stock valued at $223,000 after buying an additional 4,095 shares during the period. Institutional investors and hedge funds own 66.04% of the company’s stock.
Shares of EBSB stock opened at $19.83 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.89. The stock has a market cap of $1.07 billion, a P/E ratio of 18.71 and a beta of 0.57. The stock has a 50 day simple moving average of $19.56 and a 200 day simple moving average of $18.36. Meridian Bancorp Inc has a 1 year low of $13.67 and a 1 year high of $20.32.
Meridian Bancorp Company Profile
Meridian Bancorp, Inc operates as the holding company for East Boston Savings Bank that provides various financial products and services for individuals and businesses primarily in Suffolk, Norfolk, Middlesex and Essex Counties, Massachusetts. The company accepts various deposit products, including non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts comprising NOW and money market accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts.
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