Meridian (MRBK) Stock Price, News & Analysis

1 Wall Street 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 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 1 year target prices for Meridian's stock. Their MRBK share price targets range from $13.00 to $13.00. On average, they expect the company's share price to reach $13.00 in the next twelve months. This suggests a possible upside of 46.1% from the stock's current price.
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Meridian's stock was trading at $13.90 at the start of the year. Since then, MRBK stock has decreased by 36.0% and is now trading at $8.90.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our MRBK earnings forecast.

Meridian Co. (NASDAQ:MRBK) announced its earnings results on Friday, January, 26th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.23. The firm had revenue of $44.46 million for the quarter, compared to analyst estimates of $25 million. Meridian had a net margin of 7.86% and a trailing twelve-month return on equity of 8.54%.

Meridian announced a quarterly dividend on Thursday, January 25th. Shareholders of record on Monday, February 12th will be given a dividend of $0.125 per share on Tuesday, February 20th. This represents a $0.50 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, February 9th.
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 5.51%. MRBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 43.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRBK will have a dividend payout ratio of 27.47% 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 on the morning of Monday, March 13th 2023. The 2-1 split was announced on Monday, March 13th 2023. The newly issued shares were distributed to shareholders after the market closes 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).

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