Meridian (NASDAQ:MRBK – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07, Zacks reports. Meridian had a return on equity of 6.66% and a net margin of 5.85%. The firm had revenue of $51.15 million during the quarter, compared to analysts’ expectations of $26.57 million.
Meridian Stock Performance
Shares of NASDAQ MRBK traded up $0.21 during mid-day trading on Friday, hitting $13.19. The stock had a trading volume of 30,400 shares, compared to its average volume of 13,392. The company has a 50 day moving average of $12.19 and a two-hundred day moving average of $10.85. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.95 and a current ratio of 0.97. The firm has a market cap of $147.60 million, a PE ratio of 14.03 and a beta of 0.75. Meridian has a twelve month low of $8.26 and a twelve month high of $14.24.
Meridian Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.50 annualized dividend and a dividend yield of 3.79%. Meridian’s payout ratio is currently 53.19%.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Meridian
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.
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