Arrowstreet Capital Limited Partnership Has $613,000 Holdings in Meridian Co. (NASDAQ:MRBK)

Arrowstreet Capital Limited Partnership increased its stake in shares of Meridian Co. (NASDAQ:MRBK - Free Report) by 122.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 44,707 shares of the company's stock after acquiring an additional 24,648 shares during the period. Arrowstreet Capital Limited Partnership owned 0.40% of Meridian worth $613,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its position in Meridian by 10.0% during the third quarter. Barclays PLC now owns 40,406 shares of the company's stock worth $511,000 after purchasing an additional 3,675 shares during the period. Geode Capital Management LLC lifted its stake in shares of Meridian by 3.1% in the third quarter. Geode Capital Management LLC now owns 93,534 shares of the company's stock worth $1,183,000 after buying an additional 2,838 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Meridian during the 4th quarter worth $139,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Meridian by 265.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,959 shares of the company's stock worth $507,000 after buying an additional 26,835 shares during the period. Finally, Truffle Hound Capital LLC acquired a new position in Meridian in the 4th quarter valued at $2,742,000. 58.56% of the stock is owned by institutional investors.

Meridian Stock Performance

MRBK traded up $0.09 during trading on Thursday, hitting $13.34. The stock had a trading volume of 6,123 shares, compared to its average volume of 27,973. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.30. Meridian Co. has a 12 month low of $8.26 and a 12 month high of $17.33. The company has a 50 day simple moving average of $14.60 and a 200-day simple moving average of $14.61. The firm has a market cap of $150.49 million, a PE ratio of 9.20 and a beta of 0.68.

Meridian (NASDAQ:MRBK - Get Free Report) last announced its earnings results on Friday, January 24th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. Meridian had a return on equity of 10.01% and a net margin of 8.28%. Analysts expect that Meridian Co. will post 2.07 EPS for the current year.

Meridian Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Monday, February 10th. Meridian's dividend payout ratio (DPR) is currently 34.48%.

Meridian Profile

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.