Meridian Bank (NASDAQ:MRBK) Price Target Raised to $19.00

Key Points

• DA Davidson has raised the price target for Meridian Bank from $17.00 to $19.00, indicating a potential upside of 27.18% based on the company's current price.
• In contrast, Piper Sandler has lowered its price target from $17.00 to $16.00 and assigned a "neutral" rating on the stock.
• Meridian Bank's latest quarterly earnings reported an EPS of $0.49, exceeding expectations and showing a net margin of 9.01% with a return on equity of 10.73%.

Meridian Bank (NASDAQ:MRBK - Get Free Report) had its target price upped by DA Davidson from $17.00 to $19.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. DA Davidson's price objective suggests a potential upside of 31.85% from the company's current price. DA Davidson also issued estimates for Meridian Bank's Q3 2025 earnings at $0.50 EPS, FY2025 earnings at $1.65 EPS and FY2026 earnings at $2.30 EPS.

Separately, Piper Sandler cut their price target on Meridian Bank from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th.

Meridian Bank Stock Performance

NASDAQ MRBK traded down $0.32 on Tuesday, reaching $14.41. 53,343 shares of the stock were exchanged, 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 one year low of $10.04 and a one year high of $17.33. The firm has a market capitalization of $162.54 million, a PE ratio of 8.95 and a beta of 0.71. The company's 50-day simple moving average is $13.45 and its two-hundred day simple moving average is $14.22.

Meridian Bank (NASDAQ:MRBK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, beating 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 firm had revenue of $32.45 million for the quarter, compared to the consensus estimate of $29.65 million. Analysts expect that Meridian Bank will post 2.07 EPS for the current fiscal year.

Insider Transactions at Meridian Bank

In related news, Director Robert M. Casciato acquired 2,000 shares of Meridian Bank stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $13.79 per share, for a total transaction of $27,580.00. Following the completion of the transaction, the director directly owned 215,396 shares in the company, valued at approximately $2,970,310.84. This represents a 0.94% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have purchased 3,208 shares of company stock worth $44,416. Company insiders own 14.38% of the company's stock.

Hedge Funds Weigh In On Meridian Bank

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Manhattan CO. LLC. increased its holdings in Meridian Bank by 1.2% in the 4th quarter. First Manhattan CO. LLC. now owns 432,071 shares of the company's stock valued at $5,924,000 after acquiring an additional 5,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Meridian Bank by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 210,758 shares of the company's stock valued at $2,889,000 after purchasing an additional 12,984 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Meridian Bank by 75.3% in the first quarter. Acadian Asset Management LLC now owns 122,199 shares of the company's stock worth $1,758,000 after purchasing an additional 52,500 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 worth $1,198,000 after buying an additional 44,332 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Meridian Bank by 113.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,065 shares of the company's stock worth $1,139,000 after buying an additional 42,106 shares in the last quarter. Institutional investors own 58.56% of the company's stock.

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.