1 week Ago By ABMN Staff
Meridian Co. ( NASDAQ:MRBK – Free Report ) – Equities research analysts at DA Davidson lowered their FY2025 earnings per share estimates for Meridian in a research note issued to investors on Thursday, December 19th. DA Davidson analyst M.
Navas now forecasts that the company will post earnings of $1.75 per share for the year, down from their previous estimate of $1.90.
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.
29 per share. Meridian ( NASDAQ:MRBK – Get Free Report ) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.
42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07.
The company had revenue of $51.15 million for the quarter, compared to analyst estimates of $26.57 million.
Meridian had a return on equity of 6.99% and a net margin of 6.00%.
Read Our Latest Analysis on MRBK Meridian Trading Down 1.7 % NASDAQ:MRBK opened at $13.93 on Monday.
Meridian has a one year low of $8.26 and a one year high of $17.33.
The company’s 50-day simple moving average is $14.70 and its 200 day simple moving average is $12.53.
The firm has a market capitalization of $156.57 million, a P/E ratio of 13.79 and a beta of 0.
78. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th.
Investors of record on Tuesday, November 12th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, November 12th.
This represents a $0.50 dividend on an annualized basis and a yield of 3.59%.
Meridian’s dividend payout ratio (DPR) is 49.50%. Institutional Investors Weigh In On Meridian Large investors have recently added to or reduced their stakes in the stock.
Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Meridian in the 3rd quarter worth $128,000. Barclays PLC boosted its holdings in shares of Meridian by 10.
0% in the third quarter. Barclays PLC now owns 40,406 shares of the company’s stock worth $511,000 after buying an additional 3,675 shares during the last quarter. Geode Capital Management LLC grew its position in Meridian by 3.
1% during the third 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. Dimensional Fund Advisors LP increased its holdings in Meridian by 6.
5% during the second quarter. Dimensional Fund Advisors LP now owns 171,249 shares of the company’s stock valued at $1,801,000 after buying an additional 10,514 shares during the last quarter. Finally, Banc Funds Co.
LLC boosted its stake in shares of Meridian by 4.7% during the 3rd quarter. Banc Funds Co.
LLC now owns 829,153 shares of the company’s stock worth $10,480,000 after acquiring an additional 37,450 shares during the last quarter. Institutional investors own 58.56% of the company’s stock.
Meridian Company Profile ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Meridian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meridian and related companies with MarketBeat.
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