Meridian Stock Forecast, Price & News

1 Wall Street 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 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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Meridian wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Meridian saw a drop in short interest in the month of May. As of May 28th, there was short interest totaling 133,000 shares, a drop of 46.2% from the May 13th total of 247,000 shares. Based on an average daily volume of 31,300 shares, the short-interest ratio is currently 4.2 days. Currently, 2.5% of the shares of the stock are short sold.
View Meridian's Short Interest.

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

Meridian Co. (NASDAQ:MRBK) posted its quarterly earnings data on Sunday, April, 25th. The company reported $1.65 EPS for the quarter, topping the Zacks' consensus estimate of $1.12 by $0.53. The business earned $42.17 million during the quarter, compared to analyst estimates of $33.15 million. Meridian had a net margin of 19.70% and a trailing twelve-month return on equity of 25.14%.
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. Since then, MRBK stock has increased by 54.4% and is now trading at $26.40.
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Meridian announced a quarterly dividend on Wednesday, April 28th. Shareholders of record on Monday, May 10th will be paid a dividend of $0.125 per share on Monday, May 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, May 7th.
View Meridian's dividend history.

Meridian pays an annual dividend of $0.50 per share and currently has a dividend yield of 1.87%. Meridian does not yet have a strong track record of dividend growth. The dividend payout ratio of Meridian is 11.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Meridian will have a dividend payout ratio of 16.61% next year. This indicates that Meridian will be able to sustain or increase its dividend.
View Meridian's dividend history.

1 brokers have issued twelve-month price objectives for Meridian's stock. Their forecasts range from $23.00 to $23.00. On average, they expect Meridian's stock price to reach $23.00 in the next twelve months. This suggests that the stock has a possible downside of 12.9%.
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), Alerus Financial (ALRS), Arrow Financial (AROW), Bank First (BFC), The First of Long Island (FLIC), Financial Institutions (FISI), Guaranty Bancshares (GNTY), Thomasville Bancshares (THVB), Southern First Bancshares (SFST), American National Bankshares (AMNB), SmartFinancial (SMBK), Carter Bankshares (CARE), The First Bancorp (FNLC), Peoples Financial Services (PFIS) 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."

Meridian's stock is owned by many different institutional and retail investors. Top institutional investors include Banc Funds Co. LLC (7.80%), BlackRock Inc. (4.98%), Geode Capital Management LLC (1.26%), Meridian Wealth Partners LLC (1.10%), Renaissance Technologies LLC (0.95%) and Northern Trust Corp (0.82%). Company insiders that own Meridian stock include Charles D Kochka, Christopher J Annas and Robert T Holland.
View institutional ownership trends for Meridian.

MRBK stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, Morgan Stanley, Northern Trust Corp, Emerald Advisers LLC, and JPMorgan Chase & Co..
View insider buying and selling activity for Meridian or view top insider-selling stocks.

MRBK stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Geode Capital Management LLC, Dimensional Fund Advisors LP, Renaissance Technologies LLC, Arrowstreet Capital Limited Partnership, Citadel Advisors LLC, Wedge Capital Management L L P NC, and Kennedy Capital Management Inc.. Company insiders that have bought Meridian stock in the last two years include Charles D Kochka, Christopher J Annas, and Robert T Holland.
View insider buying and selling activity for Meridian or or view top insider-buying stocks.

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 $26.40.

Meridian has a market capitalization of $162.94 million and generates $149.57 million in revenue each year. The company earns $26.44 million in net income (profit) each year or $4.27 on an earnings per share basis.

Meridian employs 381 workers across the globe.

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

The company can be reached via phone at (484) 568-5000 or via email at [email protected]