Meridian Corporation (MRBK)
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]
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 StatementsAnalyst Forecast
According to one analyst, the rating for MRBK stock is "Hold" and the 12-month stock price forecast is $13.0.
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...
Meridian Corporation: Patience Is Required
Meridian Corporation: Patience Is Required
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...
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...
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...
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.
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...
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...
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.
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...
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.
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: 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...
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 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...