Meridian Co. (NASDAQ:MRBK - Free Report) - Equities researchers at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Meridian in a research report issued on Tuesday, October 29th. DA Davidson analyst M. Navas expects that the company will post earnings per share of $0.34 for the quarter. DA Davidson has a "Buy" rating and a $17.00 price objective 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 target on shares of Meridian from $14.00 to $15.00 and gave the stock a "neutral" rating in a research report on Tuesday.
View Our Latest Stock Report on Meridian
Meridian Price Performance
MRBK traded up $0.13 on Wednesday, hitting $14.10. 22,512 shares of the stock were exchanged, compared to its average volume of 13,531. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.97 and a quick ratio of 0.95. Meridian has a 12 month low of $8.26 and a 12 month high of $14.24. The firm has a market capitalization of $157.78 million, a price-to-earnings ratio of 13.91 and a beta of 0.75. The business has a 50-day moving average of $12.31 and a two-hundred day moving average of $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, topping analysts' consensus estimates of $0.35 by $0.07. The business had revenue of $51.15 million for the quarter, compared to analyst estimates of $26.57 million. Meridian had a net margin of 6.00% and a return on equity of 7.07%.
Institutional Trading of Meridian
An institutional investor recently raised its position in Meridian stock. Dimensional Fund Advisors LP lifted its stake in shares of Meridian Co. (NASDAQ:MRBK - Free Report) by 6.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 171,249 shares of the company's stock after buying an additional 10,514 shares during the quarter. Dimensional Fund Advisors LP owned about 1.53% of Meridian worth $1,801,000 as of its most recent filing with the Securities & Exchange Commission. 58.56% of the stock is owned by hedge funds and other institutional investors.
Meridian Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.55%. Meridian's dividend payout ratio (DPR) is presently 49.51%.
Meridian Company Profile
(
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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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