Q2 Earnings Estimate for Meridian Bank Issued By DA Davidson

Meridian Bank (NASDAQ:MRBK - Free Report) - Investment analysts at DA Davidson increased their Q2 2025 EPS estimates for shares of Meridian Bank in a report released on Tuesday, July 1st. DA Davidson analyst M. Navas now forecasts that the company will post earnings of $0.42 per share for the quarter, up from their prior estimate of $0.39. DA Davidson has a "Buy" rating and a $18.00 price objective 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 decreased their price target on shares of 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 Up 1.7%

MRBK stock traded up $0.23 during midday trading on Wednesday, reaching $13.98. 75,801 shares of the company's stock traded hands, compared to its average volume of 40,206. The company has a market cap of $157.69 million, a price-to-earnings ratio of 9.85 and a beta of 0.67. The firm's fifty day moving average price is $13.17 and its 200-day moving average price is $14.15. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.29. Meridian Bank has a 52 week low of $10.04 and a 52 week high of $17.33.

Meridian Bank (NASDAQ:MRBK - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $27.93 million. Meridian Bank had a net margin of 8.09% and a return on equity of 9.52%.

Meridian Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were paid a $0.125 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.50 annualized dividend and a dividend yield of 3.58%. Meridian Bank's payout ratio is 35.21%.

Insider Activity

In other news, Director Robert M. Casciato bought 2,000 shares of Meridian Bank stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $13.79 per share, for a total transaction of $27,580.00. Following the purchase, the director directly owned 215,396 shares in the company, valued at $2,970,310.84. The trade was a 0.94% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have acquired 3,208 shares of company stock valued at $44,416. Corporate insiders own 14.38% of the company's stock.

Institutional Trading of Meridian Bank

Institutional investors have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Meridian Bank in the 4th quarter worth $139,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Meridian Bank in the 4th quarter worth $186,000. NewEdge Advisors LLC bought a new stake in shares of Meridian Bank in the 1st quarter worth $209,000. Citadel Advisors LLC grew its stake in shares of Meridian Bank by 29.0% in the 4th quarter. Citadel Advisors LLC now owns 18,347 shares of the company's stock worth $252,000 after acquiring an additional 4,129 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Meridian Bank by 16.5% in the 4th quarter. Northern Trust Corp now owns 18,452 shares of the company's stock worth $253,000 after acquiring an additional 2,609 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.