Meridian Corp

Meridian Corp. is a bank holding company, which engages in the provision of commercial and consumer banking services. It operates through the following segments: Banking, Meridian Wealth, and Mortgage Banking. The Banking segment consists of commercial and retail banking. The Meridian Wealth segment offers wealth management services and products. The Mortgage Banking segment consists of the central loan production facility and retail and profit sharing loan production offices. The company was founded by Christopher J. Annas on June 8, 2009 and is headquartered in Malvern, PA.

Earnings data Q1 2021

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Shares of Meridian (NASDAQ:MRBK) decreased 1.4% in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 323.08% over the past year to $1.65, which beat the estimate of $1.12.

Meridian: Q1 Earnings Insights

Meridian Bank (MRBK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Meridian Bank (MRBK) to Report Q1 Results: Wall Street Expects Earnings Growth

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Meridian Bank (MRBK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Meridian Bank (MRBK) Stock

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MALVERN, Pa., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) announced today that its Board of Directors has declared a special dividend of $1.00 per share on its Common Stock. This special dividend will be paid on March 15, 2021 to shareholders of record as of March 1, 2021.

Meridian Corporation Announces Special Dividend of $1.00 Per Share

Meridian Bank (MRBK) delivered earnings and revenue surprises of 74.12% and 44.95%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Meridian Bank (MRBK) Q4 Earnings and Revenues Surpass Estimates

MALVERN, Pa., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:

Meridian Corporation Reports Net Income of $9.0 Million, or $1.48 Per Diluted Share, in 4Q 2020 and Declares Quarterly Cash Dividend of $0.125 Per Share.

In this article you are going to find out whether hedge funds think Meridian Corporation (NASDAQ:MRBK) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk attributes. It's not surprising given that hedge funds have access to better information and more resources to predict the winners in the stock market.

Where Do Hedge Funds Stand On Meridian Corporation (MRBK)?

Meridian (MRBK) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.

Why Meridian (MRBK) is Such a Great Value Stock Pick Right Now

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MALVERN, Pa., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:

Meridian Corporation Reports Net Income of $9.2 Million, or $1.51 Per Diluted Share, in 3Q 2020 and Declares Quarterly Cash Dividend of $0.125 Per Share

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MALVERN, Pa., July  27, 2020  (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:

Meridian Corporation Reports Net Income of $5.7 Million, or $0.94 Per Diluted Share, in 2Q 2020 and Announces First Ever Quarterly Cash Dividend of $0.125 per Share

MALVERN, Pa., Dec.  18, 2019  (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) (“Meridian”), holding company for Meridian Bank (the “Bank”), today announced the completion of its offering of $40 million in fixed-to-floating rate subordinated notes due 2029 (the “Notes”) to certain qualified institutional buyers and institutional accredited investors in a private placement transaction. The Notes will initially bear interest at a fixed annual rate of 5.375%, for five years and will reset quarterly thereafter to the then current three-month SOFR plus 395 basis points. Meridian may redeem the Notes on or after December 30, 2024, or at any time upon certain other specified events.  The Notes have been structured to qualify initially as Tier 2 capital for Meridian for regulatory capital purposes. Meridian intends to use the net proceeds of the offering for general corporate purposes, including organic growth and the repayment of a portion of the Bank’s existing indebtedness.

Meridian Corporation Announces Completion of $40 Million Subordinated Notes Offering

MALVERN, Pa., Oct.  24, 2019  (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported net income increased 21.6% to $3.3 million, or $0.52 per diluted share for the third quarter of 2019, compared to $2.7 million, or $0.42 per diluted share, in the third quarter of 2018, generating a return on average assets and return on average equity of 1.24% and 11.29%, respectively, for the current quarter.  For the first nine months of 2019, Meridian’s net income increased $1.5 million or 26.6% to $7.3 million, or $1.14 per diluted share, compared to $5.8 million, or $0.90 per diluted share, for the first nine months of 2018.

Meridian Corporation’s Third Quarter 2019 Earnings Increase 22% Year-Over-Year to $3.3 Million, or $0.52 Per Diluted Share

News for Meridian Corp Stock (MRBK)