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NASDAQ:MRBK

Meridian - MRBK Stock Forecast, Price & News

$33.67
+0.17 (+0.51%)
(As of 12/6/2022 05:12 PM ET)
Add
Compare
Today's Range
$33.48
$33.75
50-Day Range
$29.03
$34.40
52-Week Range
$27.87
$39.78
Volume
2,894 shs
Average Volume
10,497 shs
Market Capitalization
$195.29 million
P/E Ratio
8.33
Dividend Yield
2.39%
Price Target
$39.00

Meridian MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
15.8% Upside
$39.00 Price Target
Short Interest
Healthy
0.43% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
13.44%
From $3.72 to $4.22 Per Share

Overall MarketRank

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

2.19 out of 5 stars

Finance Sector

572nd out of 872 stocks

National Commercial Banks Industry

58th out of 85 stocks

MRBK stock logo

About Meridian (NASDAQ:MRBK) Stock

Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, 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, and shared national credits; 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. It operates through a network of 6 full-service branches, and 19 other offices. The company was founded in 2004 and is headquartered in Malvern, Pennsylvania.

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MRBK Stock News Headlines

Meridian (NASDAQ:MRBK) Has Affirmed Its Dividend Of $0.20
Recap: Meridian Q3 Earnings
Meridian Corporation Reports Third Quarter 2022 Results
Meridian Bank (MRBK) Tops Q3 Earnings Estimates
Meridian Bank (MRBK) Q2 Earnings Top Estimates
See More Headlines
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MRBK Company Calendar

Last Earnings
10/31/2022
Ex-Dividend for 11/21 Dividend
11/10/2022
Dividend Payable
11/21/2022
Today
12/06/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/30/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:MRBK
Fax
N/A
Employees
413
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$39.00
High Stock Price Forecast
$39.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
+15.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$35.58 million
Pretax Margin
24.68%

Debt

Sales & Book Value

Annual Sales
$159.51 million
Cash Flow
$5.21 per share
Book Value
$26.81 per share

Miscellaneous

Free Float
5,085,000
Market Cap
$195.29 million
Optionable
Not Optionable
Beta
0.44

Key Executives

  • Mr. Christopher J. Annas (Age 66)
    Founder, Chairman, Pres & CEO
    Comp: $2M
  • Ms. Denise Lindsay (Age 55)
    Exec. VP, CFO & Director
    Comp: $707.84k
  • Mr. Michael Joseph Curry
    Counsel & Corp. Sec.
  • Mr. James D. Nelsen
    Sr. Credit Officer
  • Mr. Edward Joseph Carpoletti
    Sr. VP of Wealth Management
  • Thomas J. Campbell
    Sr. VP of Mortgage Lending
  • Mr. Clarence Martindell
    Exec. VP of Commercial Real Estate Lending
  • Ms. Mary Ann Messmer (Age 67)
    Sr. VP of Private Banking
  • Mr. David Fitzell
    Sr. VP of Mortgage Lending
  • Mr. Joseph Pucci
    Pres of Meridian Equipment Fin.













MRBK Stock - Frequently Asked Questions

Should I buy or sell Meridian stock right now?

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

What is Meridian's stock price forecast for 2023?

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

How have MRBK shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Meridian's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 30th 2023.
View our MRBK earnings forecast
.

How were Meridian's earnings last quarter?

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%.

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

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
.

Is Meridian a good dividend stock?

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.

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), 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).

What is Meridian's stock symbol?

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

Who are Meridian's major shareholders?

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.
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.

What is Meridian's stock price today?

One share of MRBK stock can currently be purchased for approximately $33.50.

How much money does Meridian make?

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.

How many employees does Meridian have?

The company employs 413 workers across the globe.

How can I contact Meridian?

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.

This page (NASDAQ:MRBK) was last updated on 12/6/2022 by MarketBeat.com Staff