Q4 Earnings Estimate for Meridian Issued By DA Davidson

Meridian Co. (NASDAQ:MRBK) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Meridian in a research note issued on Tuesday, October 29th. DA Davidson analyst M. Navas expects 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 target on shares of Meridian from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday.

Meridian Stock Performance

Shares of MRBK opened at $14.04 on Wednesday. The company’s fifty day moving average is $12.44 and its 200-day moving average is $10.99. Meridian has a 12 month low of $8.26 and a 12 month high of $14.24. The firm has a market cap of $157.11 million, a price-to-earnings ratio of 13.90 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) last posted its earnings results on Thursday, October 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $26.57 million.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Meridian stock. Acadian Asset Management LLC increased its position in shares of Meridian Co. (NASDAQ:MRBK) by 4.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,409 shares of the company’s stock after buying 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 reporting period. Institutional investors own 58.56% of the company’s stock.

Meridian Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.50 annualized dividend and a dividend yield of 3.56%. Meridian’s dividend payout ratio (DPR) is 49.51%.

Meridian Company Profile

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.