Meridian Corporation (MRBK)

NASDAQ: MRBK · Real-Time Price · USD
12.86
-0.19 (-1.47%)
Oct 8, 2024, 3:22 PM EDT - Market open
-1.47%
Market Cap 141.65M
Revenue (ttm) 90.80M
Net Income (ttm) 10.58M
Shares Out 11.02M
EPS (ttm) 0.95
PE Ratio 13.79
Forward PE 8.61
Dividend $0.50 (3.83%)
Ex-Dividend Date Aug 12, 2024
Volume 2,115
Open 12.91
Previous Close 13.05
Day's Range 12.86 - 12.94
52-Week Range 8.26 - 14.24
Beta 0.74
Analysts Hold
Price Target 13.00 (+1.11%)
Earnings Date Oct 25, 2024

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 324
Stock Exchange NASDAQ
Ticker Symbol MRBK
Full Company Profile

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%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for MRBK stock is "Hold" and the 12-month stock price forecast is $13.0.

Price Target
$13.0
(1.11% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Meridian Corporation Reports Second Quarter 2024 Results and Announces a Quarterly Dividend of $0.125 per Common Share

MALVERN, Pa., July 26, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:   Three Months Ended (Dollars in thousands, except per share data)((Unaudited) June 30, 2024   March...

2 months ago - GlobeNewsWire

Meridian Corporation: Patience Is Required

Meridian Corporation: Patience Is Required

3 months ago - Seeking Alpha

Chris McDermott Joins Meridian Bank as SVP, Commercial Lending

MALVERN, Pa., May 08, 2024 (GLOBE NEWSWIRE) -- Meridian Bank announced the appointment of Christopher E. McDermott to the position of Senior Vice President, Commercial Lending. He'll join other member...

5 months ago - GlobeNewsWire

Meridian Corporation Reports First Quarter 2024 Results and Announces a Quarterly Dividend of $0.125 per Common Share

MALVERN, Pa., April 26, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:   Three Months Ended   (Dollars in thousands, except per share data)((Unaudited) March 31, 2024   D...

5 months ago - GlobeNewsWire

Patrick Hart Joins Meridian Bank as SVP, Commercial Lending

MALVERN, Pa., April 15, 2024 (GLOBE NEWSWIRE) -- Meridian Bank announced the appointment of Patrick Hart to the position of Senior Vice President, Commercial Lending. As part of the bank's Chester Cou...

6 months ago - GlobeNewsWire

Top 4 Financial Stocks Which Could Rescue Your Portfolio This Quarter - Meridian (NASDAQ:MRBK), Ares Comml Real Est (NYSE:ACRE)

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Other symbols: ACRENYCBOPHC
8 months ago - Benzinga

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

MALVERN, Pa., Jan. 26, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:   Three Months Ended   Year Ended (Dollars in thousands, except per share data)((Unaudited) December...

9 months ago - GlobeNewsWire

Meridian Corporation Offers Attractive Prospects Despite Volatile Results

Meridian Corporation is a small regional bank with potential for growth and it offers banking services and wealth management solutions. The bank has shown mixed financial performance, with net interes...

10 months ago - Seeking Alpha

Meridian Bank Ranked Top SBA Lender

MALVERN, Pa., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Meridian Bank (Nasdaq: MRBK) has been ranked a top lender in the Small Business Administration's Eastern Pennsylvania District.

10 months ago - GlobeNewsWire

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

MALVERN, Pa., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Net income of $4.0 million and diluted earnings of $0.35 per share for the third quarter ended Septe...

1 year ago - GlobeNewsWire

Meridian Bank Announces Retirement of Chief Credit Officer Joe Cafarchio

MALVERN, Pa., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Meridian Bank (Nasdaq: MRBK) announced the retirement of Joseph Cafarchio, Chief Credit Officer, effective October 13, 2023.

1 year ago - GlobeNewsWire

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'...

1 year 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.

Other symbols: CHDNGCBCMNSTPANWSMH
1 year 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 ...

1 year 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...

1 year 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...

1 year 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:

1 year ago - GlobeNewsWire

Meridian Corporation: Loan Growth To The Rescue

Mortgage banking income will likely remain stable from the third quarter's level. However, the total noninterest income will still be lower this year due to the absence of nonrecurring items. The exis...

1 year ago - Seeking Alpha

Meridian Corporation Reports Third Quarter 2022 Results

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

2 years 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...

2 years ago - GlobeNewsWire

Meridian Corporation Reports Second Quarter 2022 Results

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

2 years 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.

2 years 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:

2 years 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:

2 years ago - GlobeNewsWire

Meridian Corp.: More Growth Ahead

Meridian returns excess capital to shareholders. The supernormal profit cycle is likely to normalize over time, but new home construction booming in the region implies higher mortgage origination in t...

2 years ago - Seeking Alpha