Research Analysts Offer Predictions for Meridian Q2 Earnings

Meridian Co. (NASDAQ:MRBK - Free Report) - Equities research analysts at DA Davidson issued their Q2 2025 EPS estimates for shares of Meridian in a research report issued to clients and investors on Wednesday, April 30th. DA Davidson analyst M. Navas forecasts that the company will post earnings per share of $0.39 for the quarter. DA Davidson has a "Buy" rating and a $18.00 price objective on the stock. The consensus estimate for Meridian's current full-year earnings is $2.07 per share. DA Davidson also issued estimates for Meridian's FY2025 earnings at $1.50 EPS and FY2026 earnings at $2.35 EPS.

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

Meridian Stock Performance

Shares of NASDAQ:MRBK traded up $0.06 during trading on Thursday, hitting $13.54. 17,208 shares of the stock traded hands, compared to its average volume of 30,463. The company has a fifty day moving average price of $13.87 and a two-hundred day moving average price of $14.69. Meridian has a 52-week low of $8.80 and a 52-week high of $17.33. The company has a market cap of $152.74 million, a price-to-earnings ratio of 9.33 and a beta of 0.71. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.30.

Meridian (NASDAQ:MRBK - Get Free Report) last issued its 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). Meridian had a return on equity of 10.01% and a net margin of 8.28%. The company had revenue of $27.10 million during the quarter, compared to analysts' expectations of $27.93 million.

Hedge Funds Weigh In On Meridian

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Meridian by 3.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 61,367 shares of the company's stock valued at $841,000 after purchasing an additional 1,800 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Meridian by 410.2% in the fourth quarter. Millennium Management LLC now owns 52,244 shares of the company's stock worth $716,000 after buying an additional 42,004 shares in the last quarter. First Manhattan CO. LLC. boosted its position in Meridian by 1.2% during the fourth quarter. First Manhattan CO. LLC. now owns 432,071 shares of the company's stock worth $5,924,000 after acquiring an additional 5,000 shares during the last quarter. Citadel Advisors LLC grew its stake in Meridian by 29.0% during the 4th quarter. Citadel Advisors LLC now owns 18,347 shares of the company's stock valued at $252,000 after acquiring an additional 4,129 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in Meridian in the 4th quarter valued at about $395,000. Hedge funds and other institutional investors own 58.56% of the company's stock.

Meridian Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Monday, May 12th. Meridian's payout ratio is 35.21%.

About Meridian

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.