Meridian Co. (NASDAQ:MRBK - Free Report) - Equities researchers at DA Davidson raised their FY2025 earnings per share estimates for Meridian in a note issued to investors on Thursday, October 3rd. DA Davidson analyst M. Navas now anticipates that the company will earn $1.85 per share for the year, up from their previous forecast of $1.80. The consensus estimate for Meridian's current full-year earnings is $1.25 per share.
Separately, Piper Sandler increased their target price on Meridian from $11.00 to $13.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 30th.
Check Out Our Latest Analysis on Meridian
Meridian Stock Performance
NASDAQ MRBK remained flat at $13.05 during trading hours on Monday. The company had a trading volume of 6,151 shares, compared to its average volume of 13,701. The stock has a 50-day simple moving average of $11.63 and a 200 day simple moving average of $10.55. Meridian has a 1 year low of $8.26 and a 1 year high of $14.24. The firm has a market capitalization of $145.98 million, a price-to-earnings ratio of 12.43 and a beta of 0.75. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.31.
Meridian (NASDAQ:MRBK - Get Free Report) last released its earnings results on Friday, July 26th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Meridian had a return on equity of 6.66% and a net margin of 5.85%. The business had revenue of $26.09 million for the quarter, compared to analysts' expectations of $25.57 million.
Meridian Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.50 annualized dividend and a yield of 3.83%. Meridian's dividend payout ratio is presently 47.62%.
Institutional Investors Weigh In On Meridian
Several institutional investors and hedge funds have recently added to or reduced their stakes in MRBK. Borer Denton & Associates Inc. acquired a new stake in shares of Meridian in the fourth quarter valued at about $476,000. Acadian Asset Management LLC grew its stake in shares of Meridian by 4.6% in the first quarter. Acadian Asset Management LLC now owns 54,409 shares of the company's stock valued at $538,000 after buying an additional 2,396 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Meridian by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 171,249 shares of the company's stock valued at $1,801,000 after buying an additional 10,514 shares in the last quarter. 58.56% of the stock is currently owned by institutional investors and hedge funds.
About Meridian
(
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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.
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