Research Analysts Issue Forecasts for Meridian Q1 Earnings

Meridian Co. (NASDAQ:MRBK) – Equities researchers at DA Davidson issued their Q1 2025 EPS estimates for shares of Meridian in a report issued on Wednesday, January 29th. DA Davidson analyst M. Navas expects that the company will earn $0.26 per share 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 $1.75 per share. DA Davidson also issued estimates for Meridian’s FY2025 earnings at $2.40 EPS.

Separately, Piper Sandler lifted 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, October 29th.

Meridian Trading Up 0.7 %

Meridian stock opened at $16.72 on Friday. The stock has a 50-day moving average price of $15.28 and a 200 day moving average price of $13.38. The company has a market capitalization of $187.93 million, a price-to-earnings ratio of 11.53 and a beta of 0.81. Meridian has a 52 week low of $8.26 and a 52 week high of $17.33. 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 (NASDAQ:MRBK) last issued its earnings results on Friday, January 24th. The company reported $0.49 earnings per share (EPS) for the quarter, topping 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%.

Hedge Funds Weigh In On Meridian

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

Meridian Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.99%. The ex-dividend date is Monday, February 10th. Meridian’s dividend payout ratio (DPR) is 34.48%.

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.