Meridian (MRBK) Projected to Post Earnings on Friday

Meridian (NASDAQ:MRBK) will likely be releasing its earnings data before the market opens on Friday, January 24th. Analysts expect Meridian to post earnings of $0.35 per share and revenue of $27,270.00 billion for the quarter.

Meridian (NASDAQ:MRBK) last announced its earnings results on Thursday, October 24th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. Meridian had a net margin of 6.00% and a return on equity of 6.99%. The business had revenue of $51.15 million for the quarter, compared to the consensus estimate of $26.57 million. On average, analysts expect Meridian to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Meridian Price Performance

MRBK stock opened at $15.22 on Thursday. The firm has a 50 day simple moving average of $14.99 and a two-hundred day simple moving average of $13.11. The stock has a market cap of $171.07 million, a PE ratio of 15.07 and a beta of 0.81. Meridian has a one year low of $8.26 and a one year high of $17.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.97 and a quick ratio of 0.95.

Analysts Set New Price Targets

MRBK has been the subject of several research reports. DA Davidson upped their target price on shares of Meridian from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Piper Sandler upped their price objective on Meridian from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

Meridian Company Profile

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.