
Meridian Corp (MRBK) Stock Forecast & Price Target
Meridian Corp (MRBK) Analyst Ratings
Bulls say
Meridian Corp is experiencing solid loan growth in the mid-to-high single digits, indicating a robust demand for its lending services. The bank has also demonstrated significant strength in mortgage banking revenues, which grew by 19% quarter-over-quarter and 34% year-over-year, showcasing its ability to capitalize on market opportunities. Additionally, the tangible book value per share (TBVPS) rose to $14.58, alongside a net interest margin (NIM) improvement of 14 basis points to 3.20%, contributing to a positive fundamental outlook for the company's financial performance.
Bears say
Meridian Corp's financial outlook is negatively impacted by a decrease in the reserve/loan ratio from 1.19% to 1.10%, indicating potential weakening in credit quality despite a significant reduction in non-current loans (NCOs). The company's reliance on core deposit growth is a critical concern, as stagnation in this area could lead to lower net interest margins (NIM) and restrict overall asset growth. Additionally, persistent credit risk is evidenced by elevated NCO levels and a modest decline in non-performing assets (NPAs), reflecting challenges in maintaining healthy credit metrics amid operational pressures.
This aggregate rating is based on analysts' research of Meridian Corp and is not a guaranteed prediction by Public.com or investment advice.
Meridian Corp (MRBK) Analyst Forecast & Price Prediction
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