Meridian Bank (MRBK) Expected to Announce Quarterly Earnings on Friday

Meridian Bank (NASDAQ:MRBK - Get Free Report) is projected to release its Q2 2025 earnings data before the market opens on Friday, July 25th. Analysts expect Meridian Bank to post earnings of $0.41 per share and revenue of $29.65 million for the quarter.

Meridian Bank (NASDAQ:MRBK - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.12). The business had revenue of $27.10 million during the quarter, compared to analyst estimates of $27.93 million. Meridian Bank had a net margin of 8.09% and a return on equity of 9.52%. On average, analysts expect Meridian Bank to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Meridian Bank Trading Down 1.4%

Shares of MRBK stock traded down $0.21 during trading on Monday, hitting $14.47. 85,989 shares of the stock traded hands, compared to its average volume of 42,998. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.96. The firm has a market capitalization of $163.22 million, a P/E ratio of 10.19 and a beta of 0.67. The firm's fifty day moving average price is $13.29 and its 200-day moving average price is $14.17. Meridian Bank has a 52-week low of $10.04 and a 52-week high of $17.33.

Meridian Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.50 annualized dividend and a dividend yield of 3.46%. Meridian Bank's dividend payout ratio (DPR) is currently 35.21%.

Insider Activity

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 acquired at an average price of $13.79 per share, for a total transaction of $27,580.00. Following the acquisition, the director owned 215,396 shares of the company's stock, valued at $2,970,310.84. The trade was a 0.94% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders bought 3,208 shares of company stock worth $44,416. 14.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Meridian Bank

Several institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new position in Meridian Bank in the 1st quarter worth about $209,000. Jane Street Group LLC boosted its holdings in shares of Meridian Bank by 178.7% in the first quarter. Jane Street Group LLC now owns 65,483 shares of the company's stock valued at $943,000 after acquiring an additional 41,984 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Meridian Bank by 114.1% in the first quarter. Goldman Sachs Group Inc. now owns 83,179 shares of the company's stock valued at $1,198,000 after acquiring an additional 44,332 shares in the last quarter. 58.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MRBK has been the topic of a number of recent research reports. DA Davidson dropped their price objective on shares of Meridian Bank from $19.00 to $18.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Piper Sandler decreased their price objective on Meridian Bank from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th.

About Meridian Bank

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.