Mendon Capital Advisors Corp increased its position in shares of Meridian Co. (NASDAQ:MRBK - Free Report) by 161.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,587 shares of the company's stock after purchasing an additional 30,000 shares during the quarter. Mendon Capital Advisors Corp owned approximately 0.43% of Meridian worth $666,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MRBK. Barclays PLC raised its holdings in Meridian by 10.0% in the 3rd quarter. Barclays PLC now owns 40,406 shares of the company's stock valued at $511,000 after acquiring an additional 3,675 shares during the last quarter. Geode Capital Management LLC lifted its position in Meridian by 3.1% during the third quarter. Geode Capital Management LLC now owns 93,534 shares of the company's stock worth $1,183,000 after buying an additional 2,838 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Meridian in the 4th quarter valued at $139,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Meridian by 265.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,959 shares of the company's stock worth $507,000 after acquiring an additional 26,835 shares during the last quarter. Finally, Truffle Hound Capital LLC purchased a new position in shares of Meridian during the 4th quarter worth $2,742,000. Hedge funds and other institutional investors own 58.56% of the company's stock.
Meridian Trading Down 1.6 %
Meridian stock traded down $0.22 during midday trading on Friday, hitting $13.95. 71,935 shares of the stock were exchanged, compared to its average volume of 29,125. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.30. The stock's 50-day simple moving average is $14.15 and its 200 day simple moving average is $14.66. Meridian Co. has a fifty-two week low of $8.69 and a fifty-two week high of $17.33. The stock has a market capitalization of $157.43 million, a price-to-earnings ratio of 9.62 and a beta of 0.68.
Meridian (NASDAQ:MRBK - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.12). The firm had revenue of $27.10 million for the quarter, compared to analyst estimates of $27.93 million. Meridian had a return on equity of 10.01% and a net margin of 8.28%. On average, equities analysts anticipate that Meridian Co. will post 2.07 EPS for the current year.
About Meridian
(
Free Report)
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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