Meridian (NASDAQ:MRBK - Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01, Yahoo Finance reports. The company had revenue of $45.20 million for the quarter, compared to analysts' expectations of $23.68 million. Meridian had a net margin of 7.86% and a return on equity of 8.54%.
Meridian Price Performance
Shares of NASDAQ MRBK traded up $0.08 during trading on Friday, hitting $9.10. 13,070 shares of the company were exchanged, compared to its average volume of 8,536. Meridian has a 1 year low of $7.80 and a 1 year high of $14.24. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.98 and a quick ratio of 0.97. The firm's fifty day moving average price is $9.47 and its 200 day moving average price is $11.12. The company has a market cap of $101.83 million, a price-to-earnings ratio of 7.91 and a beta of 0.68.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Piper Sandler cut shares of Meridian from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $14.00 to $13.00 in a research note on Monday, January 29th. TheStreet lowered shares of Meridian from a "b-" rating to a "c" rating in a research report on Friday, January 26th.
View Our Latest Stock Report on MRBK
Meridian 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.
Further Reading
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