FY2025 Earnings Estimate for Meridian Issued By DA Davidson

Meridian Co. (NASDAQ:MRBK) – Investment analysts at DA Davidson reduced their FY2025 earnings estimates for shares of Meridian in a note issued to investors on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the company will post earnings per share of $1.75 for the year, down from their previous forecast 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) last posted its 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 during the quarter, compared to analysts’ expectations of $26.57 million. Meridian had a net margin of 6.00% and a return on equity of 6.99%.

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

Meridian Price Performance

Meridian stock opened at $13.99 on Monday. Meridian has a 52-week low of $8.26 and a 52-week high of $17.33. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average is $14.70 and its 200 day moving average is $12.53. The company has a market cap of $157.25 million, a price-to-earnings ratio of 13.85 and a beta of 0.78.

Institutional Investors Weigh In On Meridian

A number of hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Meridian during the 3rd quarter valued at about $128,000. Barclays PLC grew its stake in shares of Meridian by 10.0% during the third quarter. Barclays PLC now owns 40,406 shares of the company’s stock worth $511,000 after acquiring an additional 3,675 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 2,838 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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. Finally, Banc Funds Co. LLC boosted its stake in Meridian by 4.7% in the 3rd quarter. Banc Funds Co. LLC now owns 829,153 shares of the company’s stock worth $10,480,000 after purchasing an additional 37,450 shares in the last quarter. 58.56% of the stock is currently owned by hedge funds and other institutional investors.

Meridian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a $0.125 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.57%. Meridian’s dividend payout ratio is presently 49.50%.

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.