Meridian (MRBK) Stock Price, News & Analysis

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meridian in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MRBK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRBK, but not buy additional shares or sell existing shares.
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1 Wall Street analysts have issued 12 month price objectives for Meridian's shares. Their MRBK share price targets range from $13.00 to $13.00. On average, they predict the company's share price to reach $13.00 in the next year. This suggests a possible upside of 36.3% from the stock's current price.
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Meridian's stock was trading at $13.90 on January 1st, 2024. Since then, MRBK stock has decreased by 31.4% and is now trading at $9.54.
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The company is scheduled to release its next quarterly earnings announcement on Friday, July 26th 2024.
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Meridian Co. (NASDAQ:MRBK) posted its quarterly earnings data on Friday, April, 26th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $45.20 million for the quarter, compared to the consensus estimate of $23.68 million. Meridian had a net margin of 6.75% and a trailing twelve-month return on equity of 7.64%.

Meridian announced a quarterly dividend on Thursday, January 25th. Shareholders of record on Monday, February 12th will be given a dividend of $0.125 per share on Tuesday, February 20th. This represents a $0.50 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date is Friday, February 9th.
Read our dividend analysis for MRBK.

Meridian (NASDAQ:MRBK) pays an annual dividend of $0.50 per share and currently has a dividend yield of 5.54%. MRBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 47.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRBK will have a dividend payout ratio of 27.47% next year. This indicates that the company will be able to sustain or increase its dividend.
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Shares of Meridian split on Monday, March 13th 2023. The 2-1 split was announced on Monday, March 13th 2023. The newly created shares were payable to shareholders after the market closes on Monday, March 13th 2023. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Meridian investors own include AT&T (T), AbbVie (ABBV), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Ballard Power Systems (BLDP), Bank of Nova Scotia (BNS), British American Tobacco (BTI) and Carnival Co. & (CCL).

Meridian's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Strid Group LLC (0.39%). Insiders that own company stock include Christopher J Annas, Denise Lindsay, Edward J Hollin and Robert T Holland.
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Shares of MRBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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