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NASDAQ:MRBK

Meridian Bank Stock Forecast, Price & News

$14.22
-0.18 (-1.25 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$14.15
Now: $14.22
$14.81
50-Day Range
$14.36
MA: $15.29
$16.51
52-Week Range
$10.68
Now: $14.22
$20.89
Volume8,844 shs
Average Volume17,669 shs
Market Capitalization$86.67 million
P/E Ratio6.08
Dividend Yield3.47%
Beta0.56
Meridian Corporation operates as the bank holding for Meridian Bank that provides commercial banking products and services for small and middle market businesses primarily in southeast Pennsylvania, Delaware, and southern New Jersey. The company offers non-interest and interest checking deposits and time deposits, as well as money market, and savings accounts; and commercial and industrial loans, commercial real estate loans, and consumer and home equity loans, as well as business lines of credit, term loans, small business lending, lease financing, and shared national credits. It also provides cash management, merchant, title and land settlement, mortgage banking, wealth management, investment advisory, and title insurance services, as well as real estate holding services. The company has 6 full-service banking offices in Pennsylvania; and 13 mortgage loan production offices throughout the Delaware Valley. The company was founded in 2004 and is headquartered in Malvern, Pennsylvania.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.07 out of 5 stars


Industry, Sector and Symbol

Industry N/A
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MRBK
CUSIPN/A
CIKN/A
WebN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$85.96 million

Profitability

Miscellaneous

EmployeesN/A
Market Cap$86.67 million
Next Earnings Date10/22/2020 (Estimated)
OptionableNot Optionable
$14.22
-0.18 (-1.25 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Meridian Bank (NASDAQ:MRBK) Frequently Asked Questions

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

Meridian Bank's stock was trading at $17.10 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MRBK shares have decreased by 16.8% and is now trading at $14.22.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Meridian Bank?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meridian Bank in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Meridian Bank
.

When is Meridian Bank's next earnings date?

Meridian Bank is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Meridian Bank
.

How were Meridian Bank's earnings last quarter?

Meridian Bank (NASDAQ:MRBK) posted its quarterly earnings data on Monday, July, 27th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.23 by $0.71. The company had revenue of $32.28 million for the quarter, compared to analyst estimates of $19.98 million.
View Meridian Bank's earnings history
.

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

Meridian Bank announced a quarterly dividend on Monday, July 27th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.125 per share on Monday, August 24th. This represents a $0.50 annualized dividend and a yield of 3.52%. The ex-dividend date is Friday, August 7th.
View Meridian Bank's dividend history
.

What price target have analysts set for MRBK?

2 analysts have issued 12 month price targets for Meridian Bank's stock. Their forecasts range from $18.00 to $23.00. On average, they anticipate Meridian Bank's share price to reach $20.50 in the next year. This suggests a possible upside of 44.2% from the stock's current price.
View analysts' price targets for Meridian Bank
.

Who are some of Meridian Bank's key competitors?

What other stocks do shareholders of Meridian Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meridian Bank investors own include AT&T (T), Primo Water (PRMW), AbbVie (ABBV), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Bank of Nova Scotia (BNS), British American Tobacco (BTI), Carnival (CCL) and Canadian Imperial Bank of Commerce (CM).

Who are Meridian Bank's key executives?

Meridian Bank's management team includes the following people:
  • Mr. Christopher J. Annas, Founder, Chairman, Pres & CEO (Age 64, Pay $864.15k)
  • Ms. Denise Lindsay, Exec. VP, CFO & Director (Age 53, Pay $386.98k)
  • Mr. Randy J. McGarry, Sr. VP & Chief Information Officer (Age 52, Pay $252.73k)
  • Mr. Joseph L. Cafarchio, Exec. VP & Chief Credit Officer (Age 63, Pay $315.83k)
  • Mr. Charles D. Kochka, Exec. VP & Chief Lending Officer (Age 63, Pay $298.81k)

What is Meridian Bank's stock symbol?

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

Who are Meridian Bank's major shareholders?

Meridian Bank's stock is owned by a number of institutional and retail investors. Top institutional investors include Banc Funds Co. LLC (8.92%), Bridgeway Capital Management Inc. (1.31%), BHZ Capital Management LP (0.91%), Ancora Advisors LLC (0.43%), Charles Schwab Investment Management Inc. (0.23%) and Bank of New York Mellon Corp (0.21%). Company insiders that own Meridian Bank stock include Charles D Kochka, Christopher J Annas, Randall J Mcgarry and Robert T Holland.
View institutional ownership trends for Meridian Bank
.

Which institutional investors are selling Meridian Bank stock?

MRBK stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, and Ancora Advisors LLC.
View insider buying and selling activity for Meridian Bank
.

Which institutional investors are buying Meridian Bank stock?

MRBK stock was acquired by a variety of institutional investors in the last quarter, including Bridgeway Capital Management Inc., Charles Schwab Investment Management Inc., Bank of New York Mellon Corp, Bank of America Corp DE, New York State Common Retirement Fund, American International Group Inc., Global Retirement Partners LLC, and BHZ Capital Management LP. Company insiders that have bought Meridian Bank stock in the last two years include Charles D Kochka, Christopher J Annas, Randall J Mcgarry, and Robert T Holland.
View insider buying and selling activity for Meridian Bank
.

How do I buy shares of Meridian Bank?

Shares of MRBK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Meridian Bank's stock price today?

One share of MRBK stock can currently be purchased for approximately $14.22.

How big of a company is Meridian Bank?

Meridian Bank has a market capitalization of $86.67 million and generates $85.96 million in revenue each year.

This page was last updated on 9/24/2020 by MarketBeat.com Staff

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