Meridian Stock Price, News & Analysis (NASDAQ:MRBK)

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meridian in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MRBK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRBK, but not buy additional shares or sell existing shares.
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1 equities research analysts have issued 12 month price targets for Meridian's shares. Their MRBK share price targets range from $15.00 to $15.00. On average, they expect the company's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 14.5% from the stock's current price.
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Meridian's stock was trading at $15.1450 at the beginning of 2023. Since then, MRBK stock has decreased by 13.5% and is now trading at $13.10.
View the best growth stocks for 2023 here.

Meridian saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 18,200 shares, an increase of 45.6% from the October 31st total of 12,500 shares. Based on an average trading volume of 14,000 shares, the days-to-cover ratio is currently 1.3 days.
View Meridian's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our MRBK earnings forecast.

Meridian Co. (NASDAQ:MRBK) issued its quarterly earnings data on Friday, October, 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.04. The business earned $25.31 million during the quarter, compared to analysts' expectations of $26.58 million. Meridian had a net margin of 10.78% and a trailing twelve-month return on equity of 11.20%.

Meridian announced a quarterly dividend on Thursday, October 26th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.125 per share on Monday, November 20th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Friday, November 10th.
Read our dividend analysis for MRBK.

Meridian (NASDAQ:MRBK) pays an annual dividend of $0.50 per share and currently has a dividend yield of 3.82%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRBK will have a dividend payout ratio of 33.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MRBK.

Shares of Meridian split before market open on Monday, March 13th 2023. The 2-1 split was announced on Monday, March 13th 2023. The newly minted shares were distributed to shareholders after the closing bell on Monday, March 13th 2023. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

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

Meridian's stock is owned by many different retail and institutional investors. Top institutional investors include Meridian Wealth Partners LLC (1.71%), FMR LLC (1.62%), Acadian Asset Management LLC (0.47%) and Tower Research Capital LLC TRC (0.03%).
View institutional ownership trends.

Shares of MRBK stock 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.
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