Meridian - MRBK Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meridian in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MRBK shares.
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1 Wall Street analysts have issued twelve-month target prices for Meridian's stock. Their MRBK share price forecasts range from $39.00 to $39.00. On average, they anticipate the company's share price to reach $39.00 in the next year. This suggests a possible upside of 16.4% from the stock's current price.
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Meridian's stock was trading at $36.77 at the start of the year. Since then, MRBK shares have decreased by 8.9% and is now trading at $33.50.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 30th 2023.
View our MRBK earnings forecast.

Meridian Co. (NASDAQ:MRBK) announced its quarterly earnings data on Monday, October, 31st. The company reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.07. The firm had revenue of $28.25 million for the quarter, compared to analysts' expectations of $28.58 million. Meridian had a net margin of 19.22% and a trailing twelve-month return on equity of 15.86%.

Meridian announced a quarterly dividend on Thursday, October 27th. Investors of record on Monday, November 14th will be paid a dividend of $0.20 per share on Monday, November 21st. This represents a $0.80 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, November 10th.
Read our dividend analysis for MRBK.

Meridian (NASDAQ:MRBK) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.37%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRBK will have a dividend payout ratio of 18.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MRBK.

Based on aggregate information from My MarketBeat watchlists, some companies that other Meridian investors own include AT&T (T), Primo Water (PRMW), 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 trades on the NASDAQ under the ticker symbol "MRBK."

Meridian's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (4.42%), BlackRock Inc. (2.20%), Meridian Wealth Partners LLC (1.46%), LSV Asset Management (0.60%), Renaissance Technologies LLC (0.37%) and Barclays PLC (0.31%). Insiders that own company stock include Christopher J Annas and Robert T Holland.
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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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One share of MRBK stock can currently be purchased for approximately $33.50.

Meridian (NASDAQ:MRBK) has a market capitalization of $194.30 million and generates $159.51 million in revenue each year. The company earns $35.58 million in net income (profit) each year or $4.04 on an earnings per share basis.

The company employs 413 workers across the globe.

The official website for the company is www.meridianbanker.com. The company can be reached via phone at (484) 568-5000 or via email at investor@meridianbanker.com.