Meridian Bank (MRBK) to Release Quarterly Earnings on Friday

Meridian Bank (NASDAQ:MRBK) is projected to announce its Q2 2025 earnings results before the market opens on Friday, July 25th. Analysts expect the company to announce earnings of $0.41 per share and revenue of $29.65 million for the quarter.

Meridian Bank (NASDAQ:MRBK) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.12). Meridian Bank had a net margin of 8.09% and a return on equity of 9.52%. The firm had revenue of $27.10 million for the quarter, compared to the consensus estimate of $27.93 million. On average, analysts expect Meridian Bank to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Meridian Bank Price Performance

Shares of NASDAQ MRBK opened at $14.25 on Friday. Meridian Bank has a 1 year low of $10.04 and a 1 year high of $17.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.96. The company’s 50-day moving average is $13.27 and its 200 day moving average is $14.16. The stock has a market capitalization of $160.74 million, a P/E ratio of 10.04 and a beta of 0.67.

Meridian Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Monday, May 12th. Meridian Bank’s dividend payout ratio is currently 35.21%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. DA Davidson reduced their price target on shares of Meridian Bank from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Piper Sandler reduced their price target on shares of Meridian Bank from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th.

Insider Activity

In related news, Director Robert M. Casciato purchased 2,000 shares of Meridian Bank stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of $13.79 per share, for a total transaction of $27,580.00. Following the completion of the transaction, the director directly owned 215,396 shares of the company’s stock, valued at $2,970,310.84. This represents a 0.94% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have bought a total of 3,208 shares of company stock worth $44,416 in the last 90 days. 14.38% of the stock is owned by insiders.

Institutional Investors Weigh In On Meridian Bank

A number of hedge funds and other institutional investors have recently bought and sold shares of MRBK. NewEdge Advisors LLC purchased a new stake in Meridian Bank in the first quarter worth about $209,000. Goldman Sachs Group Inc. grew its holdings in Meridian Bank by 114.1% in the first quarter. Goldman Sachs Group Inc. now owns 83,179 shares of the company’s stock worth $1,198,000 after purchasing an additional 44,332 shares during the period. Finally, Jane Street Group LLC grew its holdings in Meridian Bank by 178.7% in the first quarter. Jane Street Group LLC now owns 65,483 shares of the company’s stock worth $943,000 after purchasing an additional 41,984 shares during the period. Hedge funds and other institutional investors own 58.56% of the company’s stock.

About Meridian Bank

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.