DA Davidson Forecasts Meridian’s Q1 Earnings (NASDAQ:MRBK)

Meridian Co. (NASDAQ:MRBK) – Equities research analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Meridian in a report issued on Wednesday, January 29th. DA Davidson analyst M. Navas expects that the company will post earnings per share of $0.26 for the quarter. DA Davidson currently has a “Buy” rating and a $17.00 target price 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 boosted their target price 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 Price Performance

Shares of MRBK stock opened at $16.72 on Friday. The stock’s fifty day simple moving average is $15.25 and its 200 day simple moving average is $13.33. Meridian has a one year low of $8.26 and a one year high of $17.33. The firm has a market cap of $187.93 million, a price-to-earnings ratio of 11.53 and a beta of 0.81. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.97 and a quick ratio of 0.95.

Meridian (NASDAQ:MRBK) last released its quarterly earnings data on Friday, January 24th. The company reported $0.49 earnings per share for the quarter, beating 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%.

Meridian Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders 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 dividend yield of 2.99%. The ex-dividend date of this dividend is Monday, February 10th. Meridian’s payout ratio is presently 34.48%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MRBK. Dimensional Fund Advisors LP increased its position in Meridian by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 171,249 shares of the company’s stock valued at $1,801,000 after acquiring an additional 10,514 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Meridian during the third quarter valued at approximately $128,000. Banc Funds Co. LLC increased its holdings in shares of 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 in the last quarter. Barclays PLC lifted its holdings in Meridian by 10.0% during the 3rd quarter. Barclays PLC now owns 40,406 shares of the company’s stock worth $511,000 after buying an additional 3,675 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Meridian by 3.1% in 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 during the last quarter. 58.56% of the stock is owned by institutional investors.

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.