Meridian (MRBK) Stock Price, News & Analysis

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meridian in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MRBK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRBK, but not buy additional shares or sell existing shares.
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1 Wall Street analysts have issued 1 year price targets for Meridian's stock. Their MRBK share price targets range from $13.00 to $13.00. On average, they expect the company's stock price to reach $13.00 in the next twelve months. This suggests a possible upside of 45.3% from the stock's current price.
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Meridian's stock was trading at $13.90 at the beginning of 2024. Since then, MRBK shares have decreased by 35.6% and is now trading at $8.95.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Meridian Co. (NASDAQ:MRBK) issued its quarterly earnings data on Friday, January, 26th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.28 by $0.23. The company earned $44.46 million during the quarter, compared to analyst estimates of $25 million. Meridian had a trailing twelve-month return on equity of 8.54% and a net margin of 7.86%.

Meridian declared a quarterly dividend on Thursday, January 25th. Stockholders of record on Monday, February 12th will be given a dividend of $0.125 per share on Tuesday, February 20th. This represents a $0.50 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend is Friday, February 9th.
Read our dividend analysis for MRBK.

Meridian (NASDAQ:MRBK) pays an annual dividend of $0.50 per share and currently has a dividend yield of 5.88%. MRBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 43.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRBK will have a dividend payout ratio of 27.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MRBK.

Meridian's stock split on Monday, March 13th 2023. The 2-1 split was announced on Monday, March 13th 2023. The newly issued shares were issued to shareholders after the closing bell on Monday, March 13th 2023. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Meridian investors own include AT&T (T), AbbVie (ABBV), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Ballard Power Systems (BLDP), Bank of Nova Scotia (BNS), British American Tobacco (BTI) and Carnival Co. & (CCL).

Meridian's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Strid Group LLC (0.39%). Insiders that own company stock include Christopher J Annas, Denise Lindsay, Edward J Hollin and Robert T Holland.
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Shares of MRBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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