Meridian Co. (NASDAQ:MRBK - Free Report) - DA Davidson issued their Q4 2024 EPS estimates for shares of Meridian in a research report issued on Tuesday, October 29th. DA Davidson analyst M. Navas forecasts that the company will post earnings of $0.34 per share for the quarter. 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 $1.25 per share. DA Davidson also issued estimates for Meridian's FY2025 earnings at $1.90 EPS.
Separately, Piper Sandler increased their price objective on shares of Meridian from $14.00 to $15.00 and gave the company a "neutral" rating in a research note on Tuesday.
View Our Latest Stock Analysis on MRBK
Meridian Stock Performance
Meridian stock traded up $0.03 during trading hours on Wednesday, reaching $14.00. 3,061 shares of the stock were exchanged, compared to its average volume of 13,438. The stock has a market cap of $156.66 million, a P/E ratio of 13.91 and a beta of 0.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.95 and a current ratio of 0.97. Meridian has a 52-week low of $8.26 and a 52-week high of $14.24. The firm's 50 day moving average is $12.31 and its 200 day moving average is $10.94.
Meridian (NASDAQ:MRBK - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.35 by $0.07. Meridian had a net margin of 6.00% and a return on equity of 7.07%. The firm had revenue of $51.15 million during the quarter, compared to the consensus estimate of $26.57 million.
Meridian Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.50 annualized dividend and a dividend yield of 3.57%. Meridian's dividend payout ratio is currently 49.51%.
Institutional Investors Weigh In On Meridian
A hedge fund recently raised its stake in Meridian stock. Acadian Asset Management LLC grew its position in shares of Meridian Co. (NASDAQ:MRBK - Free Report) by 4.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,409 shares of the company's stock after purchasing an additional 2,396 shares during the period. Acadian Asset Management LLC owned 0.49% of Meridian worth $538,000 at the end of the most recent quarter. Institutional investors own 58.56% of the company's stock.
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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