What is DA Davidson’s Forecast for Meridian FY2025 Earnings?

Meridian Co. (NASDAQ:MRBK) – Equities researchers at DA Davidson dropped their FY2025 EPS estimates for shares of Meridian in a note issued to investors on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the company will earn $1.75 per share for the year, down from their prior forecast of $1.90. DA Davidson currently has a “Buy” rating and a $17.00 target price on the stock. The consensus estimate for Meridian’s current full-year earnings is $1.29 per share.

Meridian (NASDAQ:MRBK) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.42 earnings per share for the quarter, topping 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 analysts’ expectations of $26.57 million.

Separately, Piper Sandler upped their target price on shares of Meridian from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th.

Meridian Stock Performance

Shares of MRBK opened at $13.99 on Monday. Meridian has a 52 week low of $8.26 and a 52 week high of $17.33. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.30. The stock has a market cap of $157.25 million, a P/E ratio of 13.85 and a beta of 0.78. The business’s 50 day moving average price is $14.70 and its 200-day moving average price is $12.53.

Meridian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Tuesday, November 12th. Meridian’s payout ratio is currently 49.50%.

Institutional Investors Weigh In On Meridian

Large investors have recently bought and sold shares of the business. Banc Funds Co. LLC lifted its stake in Meridian by 4.7% during the 3rd quarter. Banc Funds Co. LLC now owns 829,153 shares of the company’s stock valued at $10,480,000 after acquiring an additional 37,450 shares during the period. Dimensional Fund Advisors LP lifted its position in Meridian by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 171,249 shares of the company’s stock valued at $1,801,000 after purchasing an additional 10,514 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Meridian during the third quarter valued at approximately $128,000. Barclays PLC boosted its holdings in Meridian by 10.0% in the third quarter. Barclays PLC now owns 40,406 shares of the company’s stock worth $511,000 after purchasing an additional 3,675 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Meridian by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 93,534 shares of the company’s stock worth $1,183,000 after purchasing an additional 2,838 shares during the period. 58.56% of the stock is currently owned by institutional investors.

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.