Meridian (MRBK) Projected to Post Quarterly Earnings on Friday

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

Meridian (NASDAQ:MRBK) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.42 EPS 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 analysts’ expectations 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 Up 1.8 %

Shares of NASDAQ MRBK opened at $15.29 on Friday. The business’s fifty day moving average price is $14.90 and its 200-day moving average price is $12.97. Meridian has a one year low of $8.26 and a one year high of $17.33. The stock has a market capitalization of $171.86 million, a PE ratio of 15.14 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a $0.125 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.50 annualized dividend and a dividend yield of 3.27%. Meridian’s payout ratio is 49.50%.

Wall Street Analysts Forecast Growth

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