Equities Analysts Offer Predictions for Meridian Q1 Earnings

Meridian Co. (NASDAQ:MRBK) – Analysts at DA Davidson issued their Q1 2025 earnings per share estimates for shares of Meridian in a note issued to investors on Wednesday, January 29th. DA Davidson analyst M. Navas anticipates 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 price objective 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.

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

Separately, Piper Sandler raised their price objective on Meridian from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th.

Meridian Trading Up 0.6 %

MRBK stock opened at $16.61 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.30. Meridian has a 52-week low of $8.26 and a 52-week high of $17.33. The company’s 50-day simple moving average is $15.21 and its 200-day simple moving average is $13.31. The firm has a market cap of $186.70 million, a P/E ratio of 11.46 and a beta of 0.81.

Meridian Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.01%. Meridian’s payout ratio is currently 34.48%.

Hedge Funds Weigh In On Meridian

A number of institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Meridian by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 93,534 shares of the company’s stock worth $1,183,000 after purchasing an additional 2,838 shares during the period. Barclays PLC raised its stake in shares of Meridian by 10.0% in the 3rd quarter. Barclays PLC now owns 40,406 shares of the company’s stock valued at $511,000 after acquiring an additional 3,675 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Meridian in the 3rd quarter valued at approximately $128,000. Dimensional Fund Advisors LP grew its stake in shares of Meridian by 6.5% in 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 in the last quarter. Finally, Banc Funds Co. LLC boosted its holdings in Meridian by 4.7% during the 3rd 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 period. 58.56% of the stock is owned by hedge funds and other 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.