Media coverage about MERIDIAN Bk PAO/SH (NASDAQ:MRBK) has trended somewhat positive on Thursday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MERIDIAN Bk PAO/SH earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.1130222798394 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research analysts have recently weighed in on MRBK shares. Zacks Investment Research downgraded shares of MERIDIAN Bk PAO/SH from a “hold” rating to a “sell” rating in a research report on Saturday, May 5th. DA Davidson reduced their target price on shares of MERIDIAN Bk PAO/SH from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, May 3rd.
MERIDIAN Bk PAO/SH remained flat at $$17.91 on Thursday, according to Marketbeat Ratings. The company has a market capitalization of $112.18 million and a price-to-earnings ratio of 25.96. MERIDIAN Bk PAO/SH has a 52 week low of $16.56 and a 52 week high of $21.37.
MERIDIAN Bk PAO/SH (NASDAQ:MRBK) last released its quarterly earnings data on Tuesday, May 1st. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The business had revenue of $14.75 million during the quarter, compared to the consensus estimate of $16.33 million. equities analysts expect that MERIDIAN Bk PAO/SH will post 1.05 earnings per share for the current year.
MERIDIAN Bk PAO/SH Company Profile
Meridian Bank 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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