Meridian Corporation (MRBK)

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...

• Industry: Banks - Regional
• Sector: Financials
• IPO Date: Nov 7, 2017
• Employees: 366
• Stock Exchange: NASDAQ
• Ticker Symbol: MRBK

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%.

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