Should I buy or sell Meridian stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meridian in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MRBK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRBK, but not buy additional shares or sell existing shares. View MRBK analyst ratings or view top-rated stocks .

What is Meridian's stock price target for 2024?

1 analysts have issued 1-year price targets for Meridian's shares. Their MRBK share price targets range from $13.00 to $13.00. On average, they expect the company's share price to reach $13.00 in the next year. This suggests a possible upside of 54.9% from the stock's current price. View analysts price targets for MRBK or view top-rated stocks among Wall Street analysts .

How have MRBK shares performed in 2024?

Meridian's stock was trading at $13.90 on January 1st, 2024. Since then, MRBK shares have decreased by 39.6% and is now trading at $8.39. View the best growth stocks for 2024 here .

When is Meridian's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our MRBK earnings forecast .

How were Meridian's earnings last quarter?

Meridian Co. (NASDAQ:MRBK) released its quarterly earnings results on Friday, January, 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.23. The firm had revenue of $44.46 million for the quarter, compared to analysts' expectations of $25 million. Meridian had a net margin of 7.86% and a trailing twelve-month return on equity of 8.54%.

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

Meridian declared a quarterly dividend on Thursday, January 25th. Investors of record on Monday, February 12th will be paid a dividend of $0.125 per share on Tuesday, February 20th. This represents a $0.50 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend is Friday, February 9th. Read our dividend analysis for MRBK .

Is Meridian a good dividend stock?

Meridian (NASDAQ:MRBK) pays an annual dividend of $0.50 per share and currently has a dividend yield of 5.72%. MRBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 43.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRBK will have a dividend payout ratio of 27.47% 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 on the morning of Monday, March 13th 2023. The 2-1 split was announced on Monday, March 13th 2023. The newly issued shares were distributed 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) , 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) .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:MRBK

Meridian (MRBK) Stock Price, News & Analysis

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$8.39

+0.03 (+0.36%)

(As of 04/18/2024 ET)

Compare

Today's Range: $8.27
▼
$8.70
50-Day Range: $8.36
▼
$10.15
52-Week Range: $7.80
▼
$14.24

Volume: 9,362 shs
Average Volume: 13,029 shs
Market Capitalization: $93.88 million

P/E Ratio: 7.30
Dividend Yield: 5.96%
Price Target: $13.00

Get Meridian alerts:

Meridian MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 54.9% Upside
$13.00 Price Target
Short Interest: Healthy
0.11% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$58,160 Bought Last Quarter
Proj. Earnings Growth: 28.17%
From $1.42 to $1.82 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.49 out of 5 stars

Finance Sector

182nd out of 822 stocks

National Commercial Banks Industry

26th out of 77 stocks

3.0

Analyst's Opinion

Consensus Rating
Meridian has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Meridian has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.11% of the outstanding shares of Meridian have been sold short.
Short Interest Ratio / Days to Cover
Meridian has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Meridian has recently decreased by 15.54%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Meridian is a leading dividend payer. It pays a dividend yield of 5.72%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Meridian has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Meridian is 43.48%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Meridian will have a dividend payout ratio of 27.47% next year. This indicates that Meridian will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MRBK.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Meridian this week, compared to 0 articles on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Meridian insiders have bought more of their company's stock than they have sold. Specifically, they have bought $58,160.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
14.03% of the stock of Meridian is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
58.56% of the stock of Meridian is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Meridian are expected to grow by 28.17% in the coming year, from $1.42 to $1.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Meridian is 7.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Meridian is 7.30, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.17.
Price to Book Value per Share Ratio
Meridian has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Meridian Stock (NASDAQ:MRBK)

Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Florida, 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, shared national credits, and other financing; 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 equipment leasing services, as well as financial planning and wealth management services. Meridian Corporation was incorporated in 2004 and is headquartered in Malvern, Pennsylvania.

MRBK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MRBK Stock News Headlines

March 19, 2024 | insidertrades.com

Christopher J. Annas Purchases 2,000 Shares of Meridian Co. (NASDAQ:MRBK) Stock

April 15, 2024 | globenewswire.com

Patrick Hart Joins Meridian Bank as SVP, Commercial Lending

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 12, 2024 | americanbankingnews.com

Meridian (NASDAQ:MRBK) and Regions Financial (NYSE:RF) Head to Head Analysis

April 8, 2024 | seekingalpha.com

Meridian: High Dividend Yield With A Positive Earnings Outlook (Rating Upgrade)

April 4, 2024 | investorplace.com

3 Finance Stocks to Sell Before the Next Banking Crisis

February 22, 2024 | benzinga.com

Top 4 Financial Stocks Which Could Rescue Your Portfolio This Quarter - Meridian (NASDAQ:MRBK), Ares Comml Real Est (NYSE:ACRE)

January 30, 2024 | benzinga.com

Meridian Stock (NASDAQ:MRBK) Earnings Dates and Earning Calls

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

January 29, 2024 | markets.businessinsider.com

Analysts’ Top Financial Picks: Meridian Bank (MRBK), Capital One Financial (COF)

January 29, 2024 | markets.businessinsider.com

KBW Sticks to Their Hold Rating for Meridian Bank (MRBK)

January 28, 2024 | es-us.finanzas.yahoo.com

Meridian Corp (MRBK) Reports Q4 Earnings Decline and Announces Dividend

January 26, 2024 | finance.yahoo.com

Meridian Corporation Reports Fourth Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share

December 17, 2023 | msn.com

Meridian (MRBK) Price Target Increased by 5.41% to 13.26

December 11, 2023 | seekingalpha.com

Meridian Corporation Offers Attractive Prospects Despite Volatile Results

December 6, 2023 | finance.yahoo.com

Meridian Bank Ranked Top SBA Lender

December 2, 2023 | finance.yahoo.com

Meridian Corporation (NASDAQ:MRBK) most popular amongst individual investors who own 30% of the shares, institutions hold 29%

November 18, 2023 | morningstar.com

Meridian Corp Ordinary Shares MRBK

October 27, 2023 | finance.yahoo.com

Meridian Bank (MRBK) Lags Q3 Earnings and Revenue Estimates

October 27, 2023 | finance.yahoo.com

Meridian Corporation Reports Third Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share

October 25, 2023 | health.usnews.com

Anderson Regional Medical Center

October 23, 2023 | finance.yahoo.com

Analysts Estimate Meridian Bank (MRBK) to Report a Decline in Earnings: What to Look Out for

October 12, 2023 | finance.yahoo.com

Meridian Bank Announces Retirement of Chief Credit Officer Joe Cafarchio

October 10, 2023 | finance.yahoo.com

Shareholders in Meridian (NASDAQ:MRBK) are in the red if they invested a year ago

September 13, 2023 | finance.yahoo.com

Several Insiders Invested In Meridian Flagging Positive News

August 16, 2023 | msn.com

Meridian Corporation: Mortgage Banking Business Will Drag The Bottom Line (Rating Downgrade)

July 28, 2023 | finance.yahoo.com

Meridian Corporation Reports Second Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share.

See More Headlines

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Company Calendar

Last Earnings: 1/26/2024
Ex-Dividend for 2/20 Dividend: 2/09/2024
Dividend Payable: 2/20/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: National commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:MRBK
CUSIP: N/A
CIK: 1750735
Web: www.meridianbanker.com
Phone: (484) 568-5000
Fax: N/A
Employees: 324
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $13.00
High Stock Price Target: $13.00
Low Stock Price Target: $13.00
Potential Upside/Downside: +54.9%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.15
Trailing P/E Ratio: 7.30
Forward P/E Ratio: 5.91
P/E Growth: N/A
Net Income: $13.24 million
Net Margins: 7.86%
Pretax Margin: 10.07%
Return on Equity: 8.54%
Return on Assets: 0.59%

Debt

Debt-to-Equity Ratio: 0.32
Current Ratio: 0.98
Quick Ratio: 0.97

Sales & Book Value

Annual Sales: $168.55 million
Price / Sales: 0.56
Cash Flow: $1.57 per share
Price / Cash Flow: 5.36
Book Value: $14.14 per share
Price / Book: 0.59

Miscellaneous

Outstanding Shares: 11,190,000
Free Float: 9,617,000
Market Cap: $93.88 million
Optionable: Not Optionable
Beta: 0.68

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Key Executives

Mr. Christopher J. Annas (Age 68)
Founder, Chairman, President & CEO
Comp: $1.07M
Ms. Denise Lindsay (Age 57)
Executive VP, CFO & Director
Comp: $607.74k
Mr. Michael Joseph Curry
Counsel & Corporate Secretary
Mr. James D. Nelsen
Senior Credit Officer
Mr. Edward Joseph Carpoletti
Senior Vice President of Wealth Management
Thomas J. Campbell
Senior Vice President of Residential Lending
Mr. Clarence Martindell
Executive Vice President of Commercial Real Estate Lending
Ms. Mary Ann Messmer (Age 69)
Executive Vice President of Private Banking
Mr. David Fitzell
Senior VP and Director of Residential Lending - MD, DC & VA
Mr. Rocco P. Perate Jr.
Executive Vice President of SBA Lending

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MRBK Stock Analysis - Frequently Asked Questions

Should I buy or sell Meridian stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meridian in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MRBK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRBK, but not buy additional shares or sell existing shares.
View MRBK analyst ratings or view top-rated stocks.
What is Meridian's stock price target for 2024?: 1 analysts have issued 1-year price targets for Meridian's shares. Their MRBK share price targets range from $13.00 to $13.00. On average, they expect the company's share price to reach $13.00 in the next year. This suggests a possible upside of 54.9% from the stock's current price.
View analysts price targets for MRBK or view top-rated stocks among Wall Street analysts.
How have MRBK shares performed in 2024?: Meridian's stock was trading at $13.90 on January 1st, 2024. Since then, MRBK shares have decreased by 39.6% and is now trading at $8.39.
View the best growth stocks for 2024 here.
When is Meridian's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our MRBK earnings forecast.
How were Meridian's earnings last quarter?: Meridian Co. (NASDAQ:MRBK) released its quarterly earnings results on Friday, January, 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.23. The firm had revenue of $44.46 million for the quarter, compared to analysts' expectations of $25 million. Meridian had a net margin of 7.86% and a trailing twelve-month return on equity of 8.54%.
How often does Meridian pay dividends? What is the dividend yield for Meridian?: Meridian declared a quarterly dividend on Thursday, January 25th. Investors of record on Monday, February 12th will be paid a dividend of $0.125 per share on Tuesday, February 20th. This represents a $0.50 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend is Friday, February 9th.
Read our dividend analysis for MRBK.

Is Meridian a good dividend stock?: Meridian (NASDAQ:MRBK) pays an annual dividend of $0.50 per share and currently has a dividend yield of 5.72%. MRBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 43.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRBK will have a dividend payout ratio of 27.47% 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 on the morning of Monday, March 13th 2023. The 2-1 split was announced on Monday, March 13th 2023. The newly issued shares were distributed 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), 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).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MRBK) was last updated on 4/18/2024 by MarketBeat.com Staff

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