Cortina Asset Management LLC Sells 107,931 Shares of Meridian Bancorp, Inc. (EBSB)

Cortina Asset Management LLC Sells 107,931 Shares of Meridian Bancorp, Inc. (EBSB)

A number of other large investors also recently bought and sold shares of the stock. Sei Investments Co. increased its stake in Meridian Bancorp by 5.8% in the first quarter. Sei Investments Co. now owns 5,918 shares of the savings and loans company’s stock valued at $108,000 after buying an additional 325 shares during the period. Tudor Investment Corp Et Al increased its stake in Meridian Bancorp by 7.1% in the fourth quarter. Tudor Investment Corp Et Al now owns 28,276 shares of the savings and loans company’s stock valued at $534,000 after buying an additional 1,869 shares during the period. American International Group Inc. increased its stake in Meridian Bancorp by 7.0% in the first quarter. American International Group Inc. now owns 29,674 shares of the savings and loans company’s stock valued at $543,000 after buying an additional 1,929 shares during the period. Teachers Advisors LLC increased its stake in Meridian Bancorp by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 89,581 shares of the savings and loans company’s stock valued at $1,693,000 after buying an additional 1,956 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Meridian Bancorp by 128.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,852 shares of the savings and loans company’s stock valued at $129,000 after buying an additional 3,852 shares during the period. 67.90% of the stock is owned by hedge funds and other institutional investors.

Cortina Asset Management LLC cut its stake in shares of Meridian Bancorp, Inc. (NASDAQ:EBSB) by 21.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 393,383 shares of the savings and loans company’s stock after selling 107,931 shares during the period. Cortina Asset Management LLC’s holdings in Meridian Bancorp were worth $7,199,000 as of its most recent SEC filing.

Shares of Meridian Bancorp, Inc. (NASDAQ EBSB) opened at 16.20 on Thursday. The stock’s 50 day moving average is $17.44 and its 200 day moving average is $18.27. The company has a market capitalization of $825.37 million, a P/E ratio of 23.48 and a beta of 0.29. Meridian Bancorp, Inc. has a 52-week low of $13.66 and a 52-week high of $20.55.

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 target price on shares of Meridian Bancorp in a research report on Wednesday, April 5th. Piper Jaffray Companies boosted their target price on shares of Meridian Bancorp from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 7th.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:EBSB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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