Meridian Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meridian in the last twelve months. There are currently 2 buy ratings 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Meridian wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Meridian saw a increase in short interest in the month of February. As of February 12th, there was short interest totaling 75,900 shares, an increase of 75.3% from the January 28th total of 43,300 shares. Based on an average daily volume of 25,600 shares, the days-to-cover ratio is currently 3.0 days. Currently, 1.4% of the company's shares are short sold.
View Meridian's Short Interest.

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

Meridian Co. (NASDAQ:MRBK) posted its quarterly earnings results on Sunday, January, 31st. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.64. Meridian had a net margin of 16.13% and a trailing twelve-month return on equity of 16.59%.
View Meridian's earnings history.

Meridian's stock was trading at $17.10 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MRBK shares have increased by 52.7% and is now trading at $26.12.
View which stocks have been most impacted by COVID-19.

Meridian announced a None dividend on Tuesday, February 16th. Investors of record on Monday, March 1st will be given a dividend of $1.00 per share on Monday, March 15th. The ex-dividend date of this dividend is Friday, February 26th.
View Meridian's dividend history.

Meridian pays an annual dividend of $0.50 per share and currently has a dividend yield of 1.95%. Meridian does not yet have a strock track record of dividend growth. The dividend payout ratio of Meridian is 28.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Meridian will have a dividend payout ratio of 18.87% next year. This indicates that Meridian will be able to sustain or increase its dividend.
View Meridian's dividend history.

2 analysts have issued 1 year target prices for Meridian's shares. Their forecasts range from $18.00 to $23.00. On average, they expect Meridian's stock price to reach $20.50 in the next year. This suggests that the stock has a possible downside of 21.5%.
View analysts' price targets for Meridian or view top-rated stocks among Wall Street analysts.

Some companies that are related to Meridian include Bridge Bancorp (BDGE), Hanmi Financial (HAFC), Bank First (BFC), Arrow Financial (AROW), Alerus Financial (ALRS), Financial Institutions (FISI), The First of Long Island (FLIC), Guaranty Bancshares (GNTY), American National Bankshares (AMNB), Southern First Bancshares (SFST), Thomasville Bancshares (THVB), SmartFinancial (SMBK), Peoples Financial Services (PFIS), The First Bancorp (FNLC) and Fidelity D & D Bancorp (FDBC).
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 a variety of retail and institutional investors. Top institutional investors include Banc Funds Co. LLC (8.40%), BlackRock Inc. (4.35%), Northern Trust Corp (0.92%), JPMorgan Chase & Co. (0.67%), Renaissance Technologies LLC (0.61%) and Wells Fargo & Company MN (0.39%). 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, Kennedy Capital Management Inc., Ancora Advisors LLC, Northern Trust Corp, and Emerald Advisers LLC.
View insider buying and selling activity for Meridian or view top insider-selling stocks.

MRBK stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Barclays PLC, Bank of New York Mellon Corp, Wells Fargo & Company MN, JPMorgan Chase & Co., Hoover Financial Advisors Inc., and Dimensional Fund Advisors LP. 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.
Compare Top Brokerages Here.

One share of MRBK stock can currently be purchased for approximately $26.12.

Meridian has a market capitalization of $160.17 million and generates $85.96 million in revenue each year. The company earns $10.48 million in net income (profit) each year or $1.73 on an earnings per share basis.

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

The company can be reached via phone at (484) 568-5000.