Meridian Corporation (MRBK)

Market Cap	156.82M
Revenue (ttm)	92.36M
Net Income (ttm)	11.32M
Shares Out	11.07M
EPS (ttm)	1.00
PE Ratio	14.10
Forward PE	8.97
Dividend	$0.50 (3.53%)
Ex-Dividend Date	Nov 12, 2024

Volume	29,390
Open	14.40
Previous Close	14.50
Day's Range	14.03 - 14.70
52-Week Range	8.26 - 17.33
Beta	0.76
Analysts	Buy
Price Target	16.00 (+12.92%)
Earnings Date	Jan 24, 2025

About MRBK

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. It also provides commercial and industrial loans comprising business lines of credit, term loans, small business lending, lease financing, shared national credits, and other financing; commercial...

• Industry: Banks - Regional
• Sector: Financials
• IPO Date: Nov 7, 2017
• Employees: 324
• Stock Exchange: NASDAQ
• Ticker Symbol: MRBK
• Website: https://www.meridianbanker.com

Financial Performance

In 2023, Meridian's revenue was $94.09 million, a decrease of -13.96% compared to the previous year's $109.36 million. Earnings were $13.24 million, a decrease of -39.33%.

Analyst Forecast

According to 2 analysts, the average rating for MRBK stock is "Buy." The 12-month stock price forecast is $16.0, which is an increase of 12.92% from the latest price.

Price Target

$16.0

(12.92% upside)

Analyst Consensus: Buy