Meridian Bank (NASDAQ:MRBK - Free Report) - Stock analysts at DA Davidson lifted their FY2026 EPS estimates for Meridian Bank in a report released on Tuesday, July 29th. DA Davidson analyst M. Navas now expects that the company will post earnings per share of $2.30 for the year, up from their previous forecast of $2.25. DA Davidson currently has a "Buy" rating and a $19.00 target price on the stock. The consensus estimate for Meridian Bank's current full-year earnings is $2.07 per share.
Separately, Piper Sandler lowered their price target on shares of Meridian Bank from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th.
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Meridian Bank Stock Performance
Shares of NASDAQ MRBK traded down $0.32 during mid-day trading on Thursday, hitting $14.41. The company had a trading volume of 53,343 shares, compared to its average volume of 73,715. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.29. Meridian Bank has a 1 year low of $10.04 and a 1 year high of $17.33. The company has a market capitalization of $162.54 million, a price-to-earnings ratio of 8.95 and a beta of 0.71. The stock's 50-day moving average price is $13.45 and its 200-day moving average price is $14.22.
Meridian Bank (NASDAQ:MRBK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.42 by $0.07. Meridian Bank had a net margin of 9.01% and a return on equity of 10.73%. The company had revenue of $32.45 million during the quarter, compared to the consensus estimate of $29.65 million.
Meridian Bank Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, August 11th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 11th. Meridian Bank's payout ratio is currently 31.06%.
Insider Buying and Selling
In other Meridian Bank news, Director Robert M. Casciato bought 2,000 shares of Meridian Bank stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of $13.79 per share, with a total value of $27,580.00. Following the acquisition, the director owned 215,396 shares in the company, valued at approximately $2,970,310.84. This trade represents a 0.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have purchased 3,208 shares of company stock valued at $44,416. 14.38% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in Meridian Bank by 3.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 61,367 shares of the company's stock worth $841,000 after purchasing an additional 1,800 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Meridian Bank by 6.0% in the first quarter. Hsbc Holdings PLC now owns 31,899 shares of the company's stock worth $458,000 after buying an additional 1,803 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of Meridian Bank in the second quarter worth approximately $27,000. Northern Trust Corp grew its holdings in shares of Meridian Bank by 16.5% during the fourth quarter. Northern Trust Corp now owns 18,452 shares of the company's stock valued at $253,000 after buying an additional 2,609 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in shares of Meridian Bank by 29.0% during the fourth quarter. Citadel Advisors LLC now owns 18,347 shares of the company's stock valued at $252,000 after acquiring an additional 4,129 shares in the last quarter. 58.56% of the stock is currently owned by institutional investors.
Meridian Bank Company Profile
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Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Florida, and Maryland. The company offers various deposit products, such as demand non-interest bearing, demand interest bearing, savings accounts, money market accounts, and time deposits.
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