Q1 Earnings Estimate for Meridian Issued By DA Davidson

Meridian Co. (NASDAQ:MRBK) – Equities research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Meridian in a research note issued on Wednesday, January 29th. DA Davidson analyst M. Navas forecasts 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 upped their price target on Meridian from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th.

Meridian Stock Up 0.7 %

Shares of NASDAQ MRBK opened at $16.72 on Friday. The stock has a market cap of $187.93 million, a PE ratio of 11.53 and a beta of 0.81. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.30. Meridian has a 12-month low of $8.26 and a 12-month high of $17.33. The company has a 50-day moving average of $15.28 and a 200 day moving average of $13.38.

Meridian (NASDAQ:MRBK) last announced its earnings results on Friday, January 24th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.14. Meridian had a net margin of 8.28% and a return on equity of 10.01%.

Hedge Funds Weigh In On Meridian

Several institutional investors and hedge funds have recently bought and sold shares of the company. Banc Funds Co. LLC lifted its holdings in 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 acquiring an additional 37,450 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of 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 purchasing an additional 10,514 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Meridian during the 3rd quarter worth $128,000. Barclays PLC increased its position in shares of Meridian by 10.0% during the 3rd quarter. Barclays PLC now owns 40,406 shares of the company’s stock worth $511,000 after purchasing an additional 3,675 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 period. 58.56% of the stock is currently owned by institutional investors and hedge funds.

Meridian Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Monday, February 10th. Meridian’s payout ratio is currently 34.48%.

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.