Meridian Stock Forecast, Price & News

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.

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.
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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.

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

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.

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.

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.

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.

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.

Some companies that are related to Meridian include Hanmi Financial (HAFC), Bank First (BFC), Alerus Financial (ALRS), The First of Long Island (FLIC), Arrow Financial (AROW), Financial Institutions (FISI), Guaranty Bancshares (GNTY), Thomasville Bancshares (THVB), Southern First Bancshares (SFST), American National Bankshares (AMNB), SmartFinancial (SMBK), The First Bancorp (FNLC), Peoples Financial Services (PFIS), Fidelity D & D Bancorp (FDBC) and Capital Bancorp (CBNK).
View all of MRBK's competitors.

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).

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

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

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.

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

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