NASDAQ:MRBK

Meridian Stock Forecast, Price & News

$25.90
+0.04 (+0.15 %)
(As of 04/9/2021 12:00 AM ET)
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Today's Range
$25.41
Now: $25.90
$25.91
50-Day Range
$23.84
MA: $25.84
$27.39
52-Week Range
$11.84
Now: $25.90
$27.96
Volume22,778 shs
Average Volume32,547 shs
Market Capitalization$159.75 million
P/E Ratio7.78
Dividend Yield1.93%
Beta0.49
Meridian Corporation operates as the bank holding for Meridian Bank that provides commercial banking products and services for small and middle market businesses primarily in southeast Pennsylvania, Delaware, and southern New Jersey. The company offers non-interest and interest checking deposits and time deposits, as well as money market, and savings accounts; and commercial and industrial loans, commercial real estate loans, and consumer and home equity loans, as well as business lines of credit, term loans, small business lending, lease financing, and shared national credits. It also provides cash management, merchant, title and land settlement, mortgage banking, wealth management, investment advisory, and title insurance services, as well as real estate holding services. The company has 6 full-service banking offices in Pennsylvania; and 13 mortgage loan production offices throughout the Delaware Valley. The company was founded in 2004 and is headquartered in Malvern, Pennsylvania.
Meridian logo

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MRBK
CUSIPN/A
CIKN/A
Phone(484) 568-5000
EmployeesN/A
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$85.96 million
Cash Flow$2.47 per share
Book Value$18.84 per share

Profitability

Net Income$10.48 million

Miscellaneous

Market Cap$159.75 million
Next Earnings Date4/26/2021 (Estimated)
OptionableNot Optionable

Headlines

Meridian Co. (NASDAQ:MRBK) Short Interest Down 48.4% in March
March 29, 2021 |  americanbankingnews.com
Short Interest in Meridian Co. (NASDAQ:MRBK) Expands By 21.7%
March 17, 2021 |  americanbankingnews.com
Where Do Hedge Funds Stand On Meridian Corporation (MRBK)?
November 27, 2020 |  finance.yahoo.com
Top Ranked Momentum Stocks to Buy for October 13th
October 24, 2020 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.64 out of 5 stars

Finance Sector

502nd out of 1,944 stocks

National Commercial Banks Industry

56th out of 164 stocks

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
$25.90
+0.04 (+0.15 %)
(As of 04/9/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Meridian (NASDAQ:MRBK) Frequently Asked Questions

Is Meridian a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meridian in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Meridian stock.
View analyst ratings for Meridian
or view top-rated stocks.

What stocks does MarketBeat like better than Meridian?

Wall Street analysts have given Meridian a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Meridian wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Meridian?

Meridian saw a decrease in short interest in March. As of March 15th, there was short interest totaling 47,700 shares, a decrease of 48.4% from the February 28th total of 92,400 shares. Based on an average daily trading volume, of 34,400 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.9% of the company's shares are short sold.
View Meridian's Short Interest
.

When is Meridian's next earnings date?

Meridian is scheduled to release its next quarterly earnings announcement on Monday, April 26th 2021.
View our earnings forecast for Meridian
.

How were Meridian's earnings last quarter?

Meridian Co. (NASDAQ:MRBK) posted its earnings results on Sunday, January, 31st. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.84 by $0.64. The company earned $44.96 million during the quarter, compared to analyst estimates of $31.02 million. Meridian had a net margin of 16.13% and a trailing twelve-month return on equity of 16.59%.
View Meridian's earnings history
.

How has Meridian's stock been impacted by Coronavirus?

Meridian's stock was trading at $17.10 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MRBK shares have increased by 51.5% and is now trading at $25.90.
View which stocks have been most impacted by COVID-19
.

How often does Meridian pay dividends? What is the dividend yield for Meridian?

Meridian declared a None dividend on Tuesday, February 16th. Investors of record on Monday, March 1st will be paid a dividend of $1.00 per share on Monday, March 15th. The ex-dividend date is Friday, February 26th.
View Meridian's dividend history
.

Is Meridian a good dividend stock?

Meridian pays an annual dividend of $0.50 per share and currently has a dividend yield of 1.93%. Meridian does not yet have a strock track record of dividend growth. The dividend payout ratio of Meridian is 28.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Meridian will have a dividend payout ratio of 18.87% next year. This indicates that Meridian will be able to sustain or increase its dividend.
View Meridian's dividend history.

What price target have analysts set for MRBK?

2 analysts have issued 12-month price targets for Meridian's shares. Their forecasts range from $18.00 to $23.00. On average, they anticipate Meridian's share price to reach $20.50 in the next year. This suggests that the stock has a possible downside of 20.8%.
View analysts' price targets for Meridian
or view top-rated stocks among Wall Street analysts.

Who are Meridian's key executives?

Meridian's management team includes the following people:
  • Mr. Christopher J. Annas, Founder, Chairman, Pres & CEO (Age 65, Pay $864.15k)
  • Ms. Denise Lindsay, Exec. VP, CFO & Director (Age 54, Pay $386.98k)
  • Mr. Randy J. McGarry, Sr. VP & Chief Information Officer (Age 53, Pay $252.73k)
  • Mr. Joseph L. Cafarchio, Exec. VP & Chief Credit Officer (Age 64, Pay $315.83k)
  • Mr. Charles D. Kochka, Exec. VP & Chief Lending Officer (Age 64, Pay $298.81k)
  • James D. Nelsen, Sr. VP of Lending
  • Mr. Edward Joseph Carpoletti, Sr. VP of Wealth Management
  • Thomas J. Campbell, Sr. VP of Mortgage Lending
  • Clarence Martindell, Exec. VP of Commercial Real Estate
  • Erica H. Burns, Sec.

Who are some of Meridian's key competitors?

What other stocks do shareholders of Meridian own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meridian investors own include AT&T (T), (PRMW), AbbVie (ABBV), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Ballard Power Systems (BLDP), The Bank of Nova Scotia (BNS), British American Tobacco (BTI) and Carnival Co. & (CCL).

What is Meridian's stock symbol?

Meridian trades on the NASDAQ under the ticker symbol "MRBK."

How do I buy shares of Meridian?

Shares of MRBK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Meridian's stock price today?

One share of MRBK stock can currently be purchased for approximately $25.90.

How much money does Meridian make?

Meridian has a market capitalization of $159.75 million and generates $85.96 million in revenue each year. The company earns $10.48 million in net income (profit) each year or $1.73 on an earnings per share basis.

What is Meridian's official website?

The official website for Meridian is www.meridianbanker.com.

How can I contact Meridian?

The company can be reached via phone at (484) 568-5000.


This page was last updated on 4/11/2021 by MarketBeat.com Staff
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