Meridian (MRBK) Projected to Post Quarterly Earnings on Friday

Meridian (NASDAQ:MRBK) is expected to release its earnings data before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $27,270.00 billion for the quarter.

Meridian (NASDAQ:MRBK) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. Meridian had a net margin of 6.00% and a return on equity of 6.99%. The company had revenue of $51.15 million for the quarter, compared to the consensus estimate of $26.57 million. On average, analysts expect Meridian to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Meridian Stock Performance

NASDAQ MRBK opened at $15.22 on Thursday. The company has a market capitalization of $171.07 million, a PE ratio of 15.07 and a beta of 0.81. 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 52-week low of $8.26 and a 52-week high of $17.33. The company has a 50-day simple moving average of $14.99 and a 200 day simple moving average of $13.11.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Piper Sandler lifted their price target on shares of Meridian from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. DA Davidson boosted their target price on Meridian from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th.

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.