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... [Read more]
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 StatementsAnalyst 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.
News

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

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...

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...

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:

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

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...

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

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.

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:

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:

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...

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:

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...

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...

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...

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 ...

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...

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. ...

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:

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:

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:

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...

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...