Shares of Meridian Bank (NASDAQ:MRBK) have earned an average broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company.
Brokerages have set a 12 month consensus price target of $22.00 for the company and are expecting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also assigned Meridian Bank an industry rank of 160 out of 255 based on the ratings given to related companies.
A number of research analysts recently issued reports on MRBK shares. Zacks Investment Research cut shares of Meridian Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. ValuEngine raised shares of Meridian Bank from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 4th.
NASDAQ MRBK traded up $0.35 during trading on Thursday, hitting $20.39. The company had a trading volume of 35,600 shares, compared to its average volume of 14,050. Meridian Bank has a one year low of $16.50 and a one year high of $20.77. The company has a market cap of $128.20 million, a price-to-earnings ratio of 15.45 and a beta of -0.01. The company’s fifty day moving average is $19.57 and its 200-day moving average is $18.13.
Meridian Bank (NASDAQ:MRBK) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.11. The business had revenue of $19.09 million during the quarter. As a group, equities research analysts expect that Meridian Bank will post 1.55 EPS for the current fiscal year.
About Meridian Bank
Meridian Corporation operates as the bank holding for Meridian Bank that provides commercial banking products and services for retail and commercial customers primarily in southeastern Pennsylvania, Delaware, and south New Jersey. It offers non-interest bearing deposits and time deposits, as well as interest checking, money market, and savings accounts; and commercial and industrial loans, commercial real estate loans, and consumer and home equity loans, as well as homeowner mortgages.
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