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T   18.49 (+1.99%)
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MU   57.64 (+1.73%)
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GE   89.92 (-0.41%)
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PFE   40.81 (+1.77%)
PYPL   73.21 (+0.30%)
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NASDAQ:MRBK

Meridian - MRBK Stock Forecast, Price & News

$26.75
0.00 (0.00%)
(As of 03/20/2023 12:00 AM ET)
Add
Compare
Today's Range
$26.54
$27.90
50-Day Range
$15.18
$27.63
52-Week Range
$25.80
$34.75
Volume
18,109 shs
Average Volume
10,747 shs
Market Capitalization
$155.15 million
P/E Ratio
7.49
Dividend Yield
3.74%
Price Target
$19.50

Meridian MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
27.1% Downside
$19.50 Price Target
Short Interest
Healthy
0.37% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
7.89%
From $3.93 to $4.24 Per Share

Overall MarketRank

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

2.46 out of 5 stars

Finance Sector

527th out of 876 stocks

National Commercial Banks Industry

65th out of 84 stocks


MRBK stock logo

About Meridian (NASDAQ:MRBK) Stock

Meridian Corp. is a bank holding company, which engages in the provision of commercial and consumer banking services. It operates through the following segments: Banking, Meridian Wealth, and Mortgage Banking. The Banking segment consists of commercial and retail banking. The Meridian Wealth segment offers wealth management services and products. The Mortgage Banking segment consists of the central loan production facility and retail and profit sharing loan production offices. The company was founded by Christopher J. Annas on June 8, 2009 and is headquartered in Malvern, PA.

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MRBK Stock News Headlines

Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Meridian Corporation Declares Two-for-One Stock Split
Meridian Full Year 2022 Earnings: Misses Expectations
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
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
10/31/2021
Ex-Dividend for 2/21 Dividend
2/13/2023
Dividend Payable
2/21/2023
Today
3/20/2023
Next Earnings (Estimated)
5/01/2023
Fiscal Year End
12/31/2023

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
$19.50
High Stock Price Forecast
$19.50
Low Stock Price Forecast
$19.50
Forecasted Upside/Downside
-27.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$21.83 million
Pretax Margin
24.68%

Debt

Sales & Book Value

Annual Sales
$130.45 million
Cash Flow
$5.22 per share
Book Value
$26.81 per share

Miscellaneous

Free Float
5,023,000
Market Cap
$155.15 million
Optionable
Not Optionable
Beta
0.51

Key Executives

  • Christopher J. Annas
    Chairman, President & Chief Executive Officer
  • Denise Lindsay
    Chief Financial Officer, Director & Executive VP
  • Charles D. Kochka
    Chief Lending Officer & Executive Vice President
  • Joseph L. Cafarchio
    Chief Credit Officer & Executive Vice President
  • Lisa Viscardo
    Investor Relations Contact













MRBK Stock - 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 buy rating for the stock. The consensus among Wall Street equities 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 brokerages have issued 1 year price objectives for Meridian's shares. Their MRBK share price forecasts range from $19.50 to $19.50. On average, they anticipate the company's share price to reach $19.50 in the next twelve months. This suggests that the stock has a possible downside of 27.1%.
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 on January 1st, 2023. Since then, MRBK shares have increased by 76.6% and is now trading at $26.75.
View the best growth stocks for 2023 here
.

When is Meridian's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our MRBK earnings forecast
.

How were Meridian's earnings last quarter?

Meridian Co. (NASDAQ:MRBK) posted its quarterly earnings data on Sunday, October, 31st. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.19. The firm earned $38.38 million during the quarter, compared to the consensus estimate of $36.45 million. Meridian had a trailing twelve-month return on equity of 14.09% and a net margin of 16.73%.

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

Meridian announced a quarterly dividend on Monday, January 30th. Investors of record on Tuesday, February 14th will be given a dividend of $0.125 per share on Tuesday, February 21st. This represents a $0.50 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, February 13th.
Read our dividend analysis for MRBK
.

Is Meridian a good dividend stock?

Meridian (NASDAQ:MRBK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.74%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRBK will have a dividend payout ratio of 23.58% 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?

Meridian's stock split before market open on Monday, March 13th 2023. The 2-1 split was announced on Monday, March 13th 2023. The newly created shares were issued 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), 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 a variety of retail and institutional investors. Top institutional investors include Banc Funds Co. LLC (6.28%), Petiole USA ltd (2.21%), Dimensional Fund Advisors LP (1.05%), Gator Capital Management LLC (1.01%), Millennium Management LLC (0.60%) and Renaissance Technologies LLC (0.43%). 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 $26.75.

How much money does Meridian make?

Meridian (NASDAQ:MRBK) has a market capitalization of $155.15 million and generates $130.45 million in revenue each year. The company earns $21.83 million in net income (profit) each year or $3.57 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 3/20/2023 by MarketBeat.com Staff