FY2025 EPS Estimates for Meridian Bank Lifted by DA Davidson

Meridian Bank (NASDAQ:MRBK) – Equities researchers at DA Davidson lifted their FY2025 earnings estimates for Meridian Bank in a research note issued to investors on Tuesday, July 1st. DA Davidson analyst M. Navas now expects that the company will post earnings of $1.60 per share for the year, up from their prior estimate of $1.50. DA Davidson has a “Buy” rating and a $18.00 price target on the stock. The consensus estimate for Meridian Bank’s current full-year earnings is $2.07 per share.

Meridian Bank (NASDAQ:MRBK) last released its quarterly earnings data on Friday, April 25th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.12). The firm had revenue of $27.10 million for the quarter, compared to analyst estimates of $27.93 million. Meridian Bank had a return on equity of 9.52% and a net margin of 8.09%.

Separately, Piper Sandler dropped their price objective on Meridian Bank from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th.

Meridian Bank Trading Up 1.7%

Meridian Bank stock opened at $13.98 on Thursday. The stock has a 50-day simple moving average of $13.17 and a 200 day simple moving average of $14.17. The stock has a market capitalization of $157.69 million, a P/E ratio of 9.85 and a beta of 0.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.96 and a current ratio of 0.98. Meridian Bank has a 52 week low of $10.04 and a 52 week high of $17.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MRBK. First Manhattan CO. LLC. lifted its position in Meridian Bank by 1.2% during the fourth quarter. First Manhattan CO. LLC. now owns 432,071 shares of the company’s stock worth $5,924,000 after acquiring an additional 5,000 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Meridian Bank by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 210,758 shares of the company’s stock worth $2,889,000 after purchasing an additional 12,984 shares during the period. Truffle Hound Capital LLC acquired a new stake in Meridian Bank during the 4th quarter worth approximately $2,742,000. Acadian Asset Management LLC boosted its stake in Meridian Bank by 75.3% in the 1st quarter. Acadian Asset Management LLC now owns 122,199 shares of the company’s stock valued at $1,758,000 after purchasing an additional 52,500 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Meridian Bank by 114.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 83,179 shares of the company’s stock valued at $1,198,000 after purchasing an additional 44,332 shares during the period. Institutional investors and hedge funds own 58.56% of the company’s stock.

Insider Activity at Meridian Bank

In related news, Director Robert M. Casciato bought 2,000 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $13.79 per share, for a total transaction of $27,580.00. Following the purchase, the director owned 215,396 shares in the company, valued at $2,970,310.84. This represents a 0.94% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 3,208 shares of company stock valued at $44,416 in the last 90 days. 14.38% of the stock is owned by insiders.

Meridian Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were issued a $0.125 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.50 annualized dividend and a dividend yield of 3.58%. Meridian Bank’s dividend payout ratio is currently 35.21%.

Meridian Bank 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.