DA Davidson Has Negative Outlook of Meridian FY2025 Earnings

Meridian Co. (NASDAQ:MRBK - Free Report) - Analysts at DA Davidson dropped their FY2025 earnings estimates for Meridian in a research report issued on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the company will post earnings per share of $1.75 for the year, down from their previous estimate of $1.90. DA Davidson currently has a "Buy" rating and a $17.00 target price on the stock. The consensus estimate for Meridian's current full-year earnings is $1.29 per share.

Separately, Piper Sandler boosted their price target on shares of Meridian from $14.00 to $15.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th.

Meridian Trading Down 1.7 %

NASDAQ MRBK traded down $0.24 on Monday, reaching $13.93. 58,796 shares of the company were exchanged, compared to its average volume of 14,871. Meridian has a fifty-two week low of $8.26 and a fifty-two week high of $17.33. The stock has a market capitalization of $156.57 million, a P/E ratio of 13.79 and a beta of 0.78. The business's fifty day moving average price is $14.70 and its 200 day moving average price is $12.53. 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 (NASDAQ:MRBK - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. Meridian had a return on equity of 6.99% and a net margin of 6.00%. The business had revenue of $51.15 million for the quarter, compared to analysts' expectations of $26.57 million.

Institutional Investors Weigh In On Meridian

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Meridian during the 3rd quarter worth $128,000. Barclays PLC boosted its stake 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 buying an additional 3,675 shares during the period. Geode Capital Management LLC increased its position in shares of Meridian by 3.1% during the third quarter. Geode Capital Management LLC now owns 93,534 shares of the company's stock valued at $1,183,000 after acquiring an additional 2,838 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Meridian by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 171,249 shares of the company's stock valued at $1,801,000 after acquiring an additional 10,514 shares during the period. Finally, Banc Funds Co. LLC lifted its holdings in shares of Meridian by 4.7% in the 3rd quarter. Banc Funds Co. LLC now owns 829,153 shares of the company's stock worth $10,480,000 after acquiring an additional 37,450 shares during the last quarter. Institutional investors and hedge funds own 58.56% of the company's stock.

Meridian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.125 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.50 annualized dividend and a yield of 3.59%. Meridian's payout ratio is 49.50%.

About Meridian

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.