Q2 Earnings Forecast for Meridian Bank Issued By DA Davidson

Meridian Bank (NASDAQ:MRBK - Free Report) - Equities research analysts at DA Davidson raised their Q2 2025 earnings per share estimates for Meridian Bank in a research report issued on Tuesday, July 1st. DA Davidson analyst M. Navas now anticipates that the company will earn $0.42 per share for the quarter, up from their prior forecast of $0.39. DA Davidson currently has a "Buy" rating and a $18.00 target price on the stock. The consensus estimate for Meridian Bank's current full-year earnings is $2.07 per share. DA Davidson also issued estimates for Meridian Bank's FY2026 earnings at $2.25 EPS.

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

Meridian Bank Stock Performance

Meridian Bank stock traded up $0.11 during midday trading on Wednesday, reaching $13.75. 73,389 shares of the company traded hands, compared to its average volume of 39,695. Meridian Bank has a 12 month low of $10.04 and a 12 month high of $17.33. 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 business has a 50 day moving average of $13.18 and a two-hundred day moving average of $14.18. The firm has a market capitalization of $155.10 million, a price-to-earnings ratio of 9.68 and a beta of 0.67.

Meridian Bank (NASDAQ:MRBK - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.12). Meridian Bank had a net margin of 8.09% and a return on equity of 9.52%. The company had revenue of $27.10 million for the quarter, compared to the consensus estimate of $27.93 million.

Institutional Investors Weigh In On Meridian Bank

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Manhattan CO. LLC. raised its holdings in Meridian Bank by 1.2% during the fourth 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 period. 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 worth $2,889,000 after purchasing an additional 12,984 shares in the last quarter. Truffle Hound Capital LLC bought a new stake in Meridian Bank during the 4th quarter valued at approximately $2,742,000. Acadian Asset Management LLC lifted its holdings in Meridian Bank by 75.3% in the 1st 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Meridian Bank by 114.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 83,179 shares of the company's stock worth $1,198,000 after purchasing an additional 44,332 shares during the period. 58.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Meridian Bank news, Director Robert M. Casciato bought 2,000 shares of Meridian Bank stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $13.79 per share, with a total value of $27,580.00. Following the completion of the acquisition, the director owned 215,396 shares in the company, valued at approximately $2,970,310.84. This represents a 0.94% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 3,208 shares of company stock valued at $44,416 over the last quarter. Company insiders own 14.38% of the company's stock.

Meridian Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Monday, May 12th. Meridian Bank's dividend payout ratio (DPR) is presently 35.21%.

Meridian Bank Company Profile

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.