Meridian (MRBK) Projected to Post Earnings on Friday

Meridian (NASDAQ:MRBK) is projected to issue its quarterly earnings data before the market opens on Friday, April 25th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $27.93 million for the quarter.

Meridian (NASDAQ:MRBK) last issued its quarterly earnings results on Friday, January 24th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. Meridian had a return on equity of 10.01% and a net margin of 8.28%. On average, analysts expect Meridian to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Meridian Price Performance

MRBK opened at $13.25 on Friday. The stock’s fifty day moving average is $14.52 and its 200-day moving average is $14.61. Meridian has a one year low of $8.27 and a one year high of $17.33. The company has a market capitalization of $149.53 million, a PE ratio of 9.14 and a beta of 0.68. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.77%. The ex-dividend date was Monday, February 10th. Meridian’s dividend payout ratio (DPR) is presently 34.48%.

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.