Q1 Earnings Forecast for Meridian Issued By DA Davidson

Meridian Co. (NASDAQ:MRBK - Free Report) - DA Davidson issued their Q1 2025 earnings per share estimates for Meridian in a research report issued on Wednesday, January 29th. DA Davidson analyst M. Navas forecasts that the company will post earnings per share of $0.26 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 $2.07 per share. DA Davidson also issued estimates for Meridian's FY2025 earnings at $2.40 EPS.

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

Meridian Stock Up 0.6 %

Meridian stock traded up $0.10 during mid-day trading on Friday, reaching $16.74. The stock had a trading volume of 85,910 shares, compared to its average volume of 41,101. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 0.97. Meridian has a fifty-two week low of $8.26 and a fifty-two week high of $17.33. The stock's 50-day simple moving average is $15.28 and its 200-day simple moving average is $13.39. The firm has a market capitalization of $188.16 million, a PE ratio of 11.56 and a beta of 0.83.

Meridian (NASDAQ:MRBK - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.14. Meridian had a return on equity of 10.01% and a net margin of 8.28%.

Meridian Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.99%. Meridian's dividend payout ratio is presently 34.48%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Meridian in the third quarter valued at approximately $128,000. Y Intercept Hong Kong Ltd bought a new stake in Meridian during the fourth quarter worth $139,000. Barclays PLC lifted its holdings 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 acquiring an additional 3,675 shares during the period. Geode Capital Management LLC lifted its holdings in Meridian by 3.1% during the third quarter. Geode Capital Management LLC now owns 93,534 shares of the company's stock worth $1,183,000 after acquiring an additional 2,838 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Meridian by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 171,249 shares of the company's stock worth $1,801,000 after acquiring an additional 10,514 shares during the period. Institutional investors own 58.56% of the company's stock.

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.