Meridian - MRBK Stock Forecast, Price & News

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

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%.

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.

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.

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.

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).

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 (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.
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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.
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One share of MRBK stock can currently be purchased for approximately $26.75.

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.

The company employs 413 workers across the globe.

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.