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

$13.10
0.00 (0.00%)
(As of 01:54 PM ET)
Compare
Today's Range
$12.97
$13.13
50-Day Range
$9.11
$13.49
52-Week Range
$7.80
$16.99
Volume
5,169 shs
Average Volume
20,981 shs
Market Capitalization
$146.46 million
P/E Ratio
8.82
Dividend Yield
3.82%
Price Target
$15.00

Meridian MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
14.5% Upside
$15.00 Price Target
Short Interest
Healthy
0.16% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.74mentions of Meridian in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$16,599 Bought Last Quarter
Proj. Earnings Growth
4.17%
From $1.44 to $1.50 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Finance Sector

242nd out of 830 stocks

National Commercial Banks Industry

29th out of 81 stocks


MRBK stock logo

About Meridian Stock (NASDAQ:MRBK)

Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Florida, and Maryland. The company offers various deposit products, such as demand non-interest bearing, demand interest bearing, savings accounts, money market accounts, and time deposits. It also provides commercial and industrial loans comprising business lines of credit, term loans, small business lending, lease financing, shared national credits, and other financing; commercial real estate, and land development and construction loans for residential and commercial projects; and consumer and home equity lending, private banking, merchant, and title and land settlement services. In addition, the company operates and originates mortgage loans for 1 4 family dwellings; and offers real estate holding, investment advisory, and equipment leasing services, as well as financial planning and wealth management services. The company was incorporated in 2004 and is headquartered in Malvern, Pennsylvania.

MRBK Stock Price History

MRBK Stock News Headlines

Meridian Corp Ordinary Shares MRBK
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Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Anderson Regional Medical Center
Recent Reports Are A Wake-Up Call For Investors
As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.
Several Insiders Invested In Meridian Flagging Positive News
Meridian Sub-Acute Rehabilitation
MRBK - Meridian Corporation
Legacy Meridian Park Medical Center
See More Headlines
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Company Calendar

Last Earnings
10/27/2023
Ex-Dividend for 11/20 Dividend
11/10/2023
Dividend Payable
11/20/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/29/2024

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:MRBK
Fax
N/A
Employees
366
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.00
High Stock Price Target
$15.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+14.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$21.83 million
Pretax Margin
13.74%

Debt

Sales & Book Value

Annual Sales
$130.45 million
Cash Flow
$1.06 per share
Book Value
$6.68 per share

Miscellaneous

Free Float
9,611,000
Market Cap
$146.79 million
Optionable
Not Optionable
Beta
0.66
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Key Executives

  • Mr. Christopher J. Annas (Age 67)
    Founder, Chairman, President & CEO
    Comp: $1.07M
  • Ms. Denise Lindsay (Age 56)
    Executive VP, CFO & Director
    Comp: $607.74k
  • Mr. Charles D. Kochka (Age 66)
    Executive VP & Chief Lending Officer
    Comp: $316.69k
  • Mr. Michael Joseph Curry
    Counsel & Corporate Secretary
  • Mr. James D. Nelsen
    Senior Credit Officer
  • Mr. Edward Joseph Carpoletti
    Senior Vice President of Wealth Management
  • Thomas J. Campbell
    Senior Vice President of Residential Lending
  • Mr. Clarence Martindell
    Executive Vice President of Commercial Real Estate Lending
  • Ms. Mary Ann Messmer (Age 68)
    Executive Vice President of Private Banking
  • Mr. David Fitzell
    Senior VP and Director of Residential Lending - MD, DC & VA














MRBK Stock Analysis - Frequently Asked Questions

Should I buy or sell Meridian stock right now?

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.
View MRBK analyst ratings
or view top-rated stocks.

What is Meridian's stock price target for 2024?

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.
View analysts price targets for MRBK
or view top-rated stocks among Wall Street analysts.

How have MRBK shares performed in 2023?

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
.

Are investors shorting Meridian?

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
.

When is Meridian's next earnings date?

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

How were Meridian's earnings last quarter?

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%.

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

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
.

Is Meridian a good dividend stock?

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.

When did Meridian's stock split?

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.

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), 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).

Who are Meridian's major shareholders?

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
.

How do I buy shares of Meridian?

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.
Compare Top Brokerages Here.

This page (NASDAQ:MRBK) was last updated on 12/4/2023 by MarketBeat.com Staff

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