NASDAQ:MRBK

Meridian Stock Forecast, Price & News

$26.40
-0.30 (-1.12 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$25.96
$26.91
50-Day Range
$24.59
$27.82
52-Week Range
$12.70
$29.18
Volume37,573 shs
Average Volume30,948 shs
Market Capitalization$162.94 million
P/E Ratio4.73
Dividend Yield1.87%
Beta0.53
30 days | 90 days | 365 days | Advanced Chart
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Meridian logo

About Meridian

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 electronic payment and cash management services. It operates through 17 offices. The company was founded in 2004 and is headquartered in Malvern, Pennsylvania.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.64 out of 5 stars

Finance Sector

560th out of 1,969 stocks

National Commercial Banks Industry

56th out of 167 stocks

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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Meridian (NASDAQ:MRBK) Frequently Asked Questions

Is Meridian a buy right now?

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.

What stocks does MarketBeat like better than Meridian?

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.
View MarketBeat's top stock picks here.

Are investors shorting Meridian?

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
.

When is Meridian's next earnings date?

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

How were Meridian's earnings last quarter?

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
.

How has Meridian's stock price been impacted by Coronavirus?

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.
View which stocks have been most impacted by COVID-19
.

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

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
.

Is Meridian a good dividend stock?

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.

What price target have analysts set for MRBK?

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.

Who are Meridian's key executives?

Meridian's management team includes the following people:
  • Mr. Christopher J. Annas, Founder, Chairman, Pres & CEO (Age 65, Pay $994.21k)
  • Ms. Denise Lindsay, Exec. VP, CFO & Director (Age 54, Pay $453.2k)
  • Mr. Randy J. McGarry, Exec. VP & Chief Information Officer (Age 53, Pay $307.16k)
  • Mr. Joseph L. Cafarchio, Exec. VP & Chief Credit Officer (Age 64, Pay $338k)
  • Mr. Charles D. Kochka, Exec. VP & Chief Lending Officer (Age 64, Pay $314.24k)
  • 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

Who are some of Meridian's key competitors?

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), (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).

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 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
.

Which major investors are selling Meridian stock?

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.

Which major investors are buying Meridian stock?

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.

How do I buy shares of Meridian?

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.
Compare Top Brokerages Here.

What is Meridian's stock price today?

One share of MRBK stock can currently be purchased for approximately $26.40.

How much money does Meridian make?

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.

How many employees does Meridian have?

Meridian employs 381 workers across the globe.

What is Meridian's official website?

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

How can I contact Meridian?

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


This page was last updated on 6/18/2021 by MarketBeat.com Staff
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