Monarch Partners Asset Management Llc Increased Meridian Bancorp Inc Md (NASDAQ:EBSB) Stake by $10.27 Million

August 12, 2018 - By Jenna Rose

Investors sentiment decreased to 1.11 in Q1 2018. Its down 0.02, from 1.13 in 2017Q4. It dropped, as 14 investors sold EBSB shares while 42 reduced holdings. 20 funds opened positions while 42 raised stakes. 35.92 million shares or 1.72% more from 35.32 million shares in 2017Q4 were reported. Secor Cap Advsr Limited Partnership reported 18,181 shares. Panagora Asset Management reported 0% of its portfolio in Meridian Bancorp, Inc. (NASDAQ:EBSB). Millennium Management Limited Liability Company accumulated 239,274 shares. Metropolitan Life Ins Ny holds 0% or 16,496 shares. Dimensional Fund Advsrs L P invested in 2.53M shares. Horizon Invest Limited Liability stated it has 92,097 shares. Assetmark holds 1,216 shares or 0% of its portfolio. State Street Corp reported 1.04M shares. Hennessy Advsr Inc, California-based fund reported 425,000 shares. Nebraska-based Ameritas Prns has invested 0% in Meridian Bancorp, Inc. (NASDAQ:EBSB). Federated Incorporated Pa has 0.01% invested in Meridian Bancorp, Inc. (NASDAQ:EBSB) for 162,792 shares. Citadel Advsrs Lc reported 12,693 shares. Brandywine Glob Lc owns 105,723 shares. Pdts Prtnrs Ltd Liability Company holds 0.01% of its portfolio in Meridian Bancorp, Inc. (NASDAQ:EBSB) for 21,900 shares. Ubs Asset Mngmt Americas has invested 0% in Meridian Bancorp, Inc. (NASDAQ:EBSB).

Monarch Partners Asset Management Llc increased its stake in Meridian Bancorp Inc Md (NASDAQ:EBSB) by 259.77% based on its latest 2018Q2 regulatory filing with the SEC. Monarch Partners Asset Management Llc bought 540,361 shares as the company’s stock declined 6.99% with the market. The institutional investor held 748,374 shares of the finance company at the end of 2018Q2, valued at $14.33 million, up from 208,013 at the end of the previous reported quarter. Monarch Partners Asset Management Llc who had been investing in Meridian Bancorp Inc Md for a number of months, seems to be bullish on the $897.34M market cap company. The stock increased 0.27% or $0.05 during the last trading session, reaching $18.4. About 97,884 shares traded. Meridian Bancorp, Inc. (NASDAQ:EBSB) has risen 16.62% since August 13, 2017 and is uptrending. It has outperformed by 4.05% the S&P500.

Monarch Partners Asset Management Llc is a Massachusetts-based institutional investor with more than $275.92 million AUM in March, 2014. Taken from Monarch Partners Asset Management latest Adv, the fund reported to have 8 full and part-time employees. Among which 4 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

Meridian Bancorp, Inc. operates as the holding firm for East Boston Savings Bank that provides various financial services and products for individuals and businesses primarily in Essex, Middlesex, Norfolk, and Suffolk Counties, Massachusetts. The company has market cap of $897.34 million. The firm 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. It has a 20 P/E ratio. The Company’s loan portfolio includes commercial real estate loans, which are secured by properties used for business purposes, such as office buildings, industrial facilities, and retail facilities; one- to four-family residential loans comprising mortgage loans that enable borrowers to purchase or refinance existing homes; multi-family real estate loans; construction loans; commercial and industrial loans; home equity lines of credit; and consumer loans that include automobile loans, loans secured by savings or certificate accounts, credit builders, and annuity and overdraft loans.

More recent Meridian Bancorp, Inc. (NASDAQ:EBSB) news were published by: Bizjournals.com which released: “South Shore bank to be acquired by Western Mass. group” on July 26, 2018. Also Nasdaq.com published the news titled: “Meridian Bancorp, Inc. Reports Record Net Income for the Second Quarter and Six Months Ended June 30, 2018” on July 24, 2018. Nasdaq.com‘s news article titled: “New Research: Key Drivers of Growth for Caesars Entertainment, Apple Hospitality REIT, Meridian, NRG Energy …” with publication date: July 26, 2018 was also an interesting one.

Meridian Bancorp, Inc. (NASDAQ:EBSB) Ratings Chart

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