FY2025 Earnings Estimate for Meridian Issued By DA Davidson

Meridian Co. (NASDAQ:MRBK) – Stock analysts at DA Davidson lowered their FY2025 earnings estimates for Meridian in a report issued on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the company will earn $1.75 per share for the year, down from their prior forecast of $1.90. DA Davidson currently has a “Buy” rating and a $17.00 price objective on the stock. The consensus estimate for Meridian’s current full-year earnings is $1.29 per share.

Separately, Piper Sandler boosted their price target on Meridian from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

Meridian Stock Performance

NASDAQ MRBK opened at $14.17 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.30. Meridian has a twelve month low of $8.26 and a twelve month high of $17.33. The business has a 50-day moving average price of $14.68 and a 200-day moving average price of $12.51. The firm has a market cap of $159.27 million, a price-to-earnings ratio of 14.03 and a beta of 0.78.

Meridian (NASDAQ:MRBK) last issued its earnings results on Thursday, October 24th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. The company had revenue of $51.15 million during the quarter, compared to the consensus estimate of $26.57 million. Meridian had a net margin of 6.00% and a return on equity of 6.99%.

Institutional Investors Weigh In On Meridian

Hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Meridian during the 3rd quarter worth approximately $128,000. Barclays PLC lifted its position in Meridian by 10.0% during the third quarter. Barclays PLC now owns 40,406 shares of the company’s stock valued at $511,000 after purchasing an additional 3,675 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Meridian by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 93,534 shares of the company’s stock worth $1,183,000 after buying an additional 2,838 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Meridian by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 171,249 shares of the company’s stock worth $1,801,000 after buying an additional 10,514 shares during the last quarter. Finally, Banc Funds Co. LLC raised its position in shares of Meridian by 4.7% during the 3rd quarter. Banc Funds Co. LLC now owns 829,153 shares of the company’s stock valued at $10,480,000 after buying an additional 37,450 shares in the last quarter. 58.56% of the stock is currently owned by hedge funds and other institutional investors.

Meridian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.53%. Meridian’s payout ratio is 49.51%.

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.