Meridian Corporation (MRBK)

NASDAQ: MRBK · IEX Real-Time Price · USD
10.47
-0.04 (-0.38%)
Sep 22, 2023, 4:30 PM EDT - Market closed
-0.38%
Market Cap 117.03M
Revenue (ttm) 101.93M
Net Income (ttm) 19.03M
Shares Out 11.18M
EPS (ttm) 1.62
PE Ratio 6.46
Forward PE 7.02
Dividend $0.50 (4.78%)
Ex-Dividend Date Aug 11, 2023
Volume 7,583
Open 10.56
Previous Close 10.51
Day's Range 10.40 - 10.72
52-Week Range 7.80 - 17.38
Beta 0.49
Analysts Hold
Price Target 15.00 (+43.27%)
Earnings Date Oct 30, 2023

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... [Read more]

Sector Financials
IPO Date Nov 7, 2017
Employees 366
Stock Exchange NASDAQ
Ticker Symbol MRBK
Full Company Profile

Financial Performance

In 2022, Meridian's revenue was $109.36 million, a decrease of -27.10% compared to the previous year's $150.03 million. Earnings were $21.83 million, a decrease of -38.66%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for MRBK stock is "Hold." The 12-month stock price forecast is $15.0, which is an increase of 43.27% from the latest price.

Price Target
$15.0
(43.27% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Meridian Corporation Reports Second Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share.

GlobeNewswire window.initGradientEffect = function () { } document.addEventListener('DOMContentLoaded', function () { const extendedTableZoomElements = document.querySelectorAll('.extended-table-zoom'...

2 months ago - GlobeNewsWire

6 Stock Splits to Have on Your Radar

While stock splits mean nothing in terms of the valuation of a company, they can create opportunities for tactical investors.

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2 months ago - Kiplinger

Meridian Corporation Reports First Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share

MALVERN, Pa., May 02, 2023 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Net income of $4.0 million and diluted earnings per share of $0.34 for the first quarter ended March ...

5 months ago - GlobeNewsWire

Meridian Corporation Reminds Shareholders of the Two-for-One Stock Split Announced on February 28, 2023

MALVERN, Pa., March 20, 2023 (GLOBE NEWSWIRE) -- Meridian Corporation (the "Company") (Nasdaq: MRBK) reiterates that each shareholder of record as of the close of business on March 14, 2023, will rece...

6 months ago - GlobeNewsWire

Meridian Corporation Declares Two-for-One Stock Split

MALVERN, Pa., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Meridian Corporation (the "Company") (Nasdaq: MRBK) today announced that it has approved and declared a two-for-one stock split in the form of a 100% st...

7 months ago - GlobeNewsWire

Meridian Corporation Reports Fourth Quarter and Year End 2022 Results and Announces an Increase in the Quarterly Dividend to $0.25 per Common Share

MALVERN, Pa., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:

8 months ago - GlobeNewsWire

Meridian Corporation Reports Third Quarter 2022 Results

MALVERN, Pa., Oct. 31, 2022 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:

11 months ago - GlobeNewsWire

Meridian Corporation Announces Appointment of Christine M. Helmig, CPA, to Board of Directors

MALVERN, Pa., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Meridian Corporation (NASDAQ: MRBK) today announced that Christine M. Helmig, CPA, has been appointed to an open position on the Board of Directors of M...

11 months ago - GlobeNewsWire

Meridian Corporation Reports Second Quarter 2022 Results

MALVERN, Pa., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:

1 year ago - GlobeNewsWire

Meridian Corporation Announces the Death of Board Member Ken Slack

MALVERN, Pa., May 20, 2022 (GLOBE NEWSWIRE) -- Meridian Corporation announced today the death of longtime Board of Directors member and one of the original founding organizers, Kenneth H. Slack.

1 year ago - GlobeNewsWire

Meridian Corporation Reports 1Q 2022 Net Income of $5.5 million, or $0.88 Per Diluted Share and Quarterly Cash Dividend of $0.20 Per Share

MALVERN, Pa., May 02, 2022 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:

1 year ago - GlobeNewsWire

Meridian Corporation Reports 4Q 2021 Net Income of $7.7 Million, or $1.24 Per Diluted Share, Announces Quarterly Cash Dividend of $0.20 Per Share and a Special Dividend of $1.00 Per Share

MALVERN, Pa., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:

1 year ago - GlobeNewsWire

Meridian Bank Named Best Mortgage Lender in Maryland

BALTIMORE, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Meridian Bank has been named the “Top Winner” in The Maryland Daily Record's 2021 Reader Rankings Awards in the Best Mortgage Lender category. With more th...

2 years ago - GlobeNewsWire

Meridian Corporation Reports 3Q 2021 Net Income of $9.4 Million, or $1.52 Per Diluted Share and Increases Quarterly Cash Dividend to $0.20 Per Share

MALVERN, Pa., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:

2 years ago - GlobeNewsWire

Meridian Named Top Performing Bank

MALVERN, Pa., Oct. 05, 2021 (GLOBE NEWSWIRE) -- For the second year in a row Meridian Bank has earned a spot on Piper Sandler's “Sm-All Stars,” its list of top performing U.S. small-cap banks. Piper S...

2 years ago - GlobeNewsWire

Meridian Corporation Announces Increase in Stock Repurchase Plan

MALVERN, Pa., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) announced today that its Board of Directors authorized an increase in its $6 million repurchase plan adopted on Apri...

2 years ago - GlobeNewsWire

Meridian Corporation Reports 2Q 2021 Net Income of $8.3 Million, or $1.33 Per Diluted Share and Declares Quarterly Cash Dividend of $0.125 Per Share

MALVERN, Pa., July 26, 2021 /PRNewswire/ -- Meridian Corporation (Nasdaq: MRBK) today reported: 2021 2021 2020 2020 2020 (Dollars in thousands, except per share data) 2nd QTR 1st QTR 4th QTR 3rd QTR 2...

2 years ago - PRNewsWire

Meridian Corporation Reports 1Q 2021 Net Income of $10.2 Million, or $1.65 Per Diluted Share, Declares Quarterly Cash Dividend of $0.125 Per Share and Announces Share Repurchase Plan

MALVERN, Pa., April 26, 2021 /PRNewswire/ -- Meridian Corporation (Nasdaq: MRBK) today reported: 2021 2020 2020 2020 2020 (Dollars in thousands, except per share data) 1st QTR 4th QTR 3rd QTR 2nd QTR ...

2 years ago - PRNewsWire

Meridian: Q1 Earnings Insights

Shares of Meridian (NASDAQ:MRBK) decreased 1.4% in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 323.08% over the past year to $1.65, which b...

2 years ago - Benzinga

Meridian Corporation Announces Special Dividend of $1.00 Per Share

MALVERN, Pa., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) announced today that its Board of Directors has declared a special dividend of $1.00 per share on its Common Stock. ...

2 years ago - GlobeNewsWire

Meridian Corporation Reports Net Income of $9.0 Million, or $1.48 Per Diluted Share, in 4Q 2020 and Declares Quarterly Cash Dividend of $0.125 Per Share.

MALVERN, Pa., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:

2 years ago - GlobeNewsWire

Meridian Corporation Reports Net Income of $9.2 Million, or $1.51 Per Diluted Share, in 3Q 2020 and Declares Quarterly Cash Dividend of $0.125 Per Share

MALVERN, Pa., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:

3 years ago - GlobeNewsWire

Meridian Corporation Reports Net Income of $5.7 Million, or $0.94 Per Diluted Share, in 2Q 2020 and Announces First Ever Quarterly Cash Dividend of $0.125 per Share

MALVERN, Pa., July 27, 2020 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:

3 years ago - GlobeNewsWire

Meridian Corporation Announces Completion of $40 Million Subordinated Notes Offering

MALVERN, Pa., Dec. 18, 2019 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) (“Meridian”), holding company for Meridian Bank (the “Bank”), today announced the completion of its offering of $4...

4 years ago - GlobeNewsWire

Meridian Corporation’s Third Quarter 2019 Earnings Increase 22% Year-Over-Year to $3.3 Million, or $0.52 Per Diluted Share

MALVERN, Pa., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported net income increased 21.6% to $3.3 million, or $0.52 per diluted share for the third quarter of 201...

4 years ago - GlobeNewsWire