Meridian Bank (NASDAQ:MRBK) Upgraded at DA Davidson

DA Davidson upgraded shares of Meridian Bank (NASDAQ:MRBK) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports. DA Davidson also issued estimates for Meridian Bank’s Q3 2025 earnings at $0.50 EPS, FY2025 earnings at $1.65 EPS and FY2026 earnings at $2.30 EPS.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Meridian Bank in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Meridian Bank has a consensus rating of “Buy” and a consensus price target of $17.50.

Meridian Bank Stock Up 1.2%

MRBK stock opened at $14.85 on Monday. The company has a market cap of $167.81 million, a price-to-earnings ratio of 9.22 and a beta of 0.79. Meridian Bank has a twelve month low of $11.16 and a twelve month high of $17.33. The business has a 50 day moving average price of $15.31 and a two-hundred day moving average price of $14.18. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.28.

Meridian Bank (NASDAQ:MRBK) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. Meridian Bank had a return on equity of 10.62% and a net margin of 9.01%.The company had revenue of $32.45 million during the quarter, compared to the consensus estimate of $29.65 million. Analysts anticipate that Meridian Bank will post 2.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Meridian Bank

Several large investors have recently modified their holdings of MRBK. Bessemer Group Inc. acquired a new stake in shares of Meridian Bank during the 2nd quarter worth about $27,000. CWM LLC bought a new position in Meridian Bank in the 3rd quarter valued at about $34,000. JPMorgan Chase & Co. lifted its position in Meridian Bank by 26,887.5% during the second quarter. JPMorgan Chase & Co. now owns 4,318 shares of the company’s stock worth $56,000 after acquiring an additional 4,302 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Meridian Bank during the second quarter worth approximately $64,000. Finally, Bank of America Corp DE boosted its holdings in shares of Meridian Bank by 166.6% during the second quarter. Bank of America Corp DE now owns 6,103 shares of the company’s stock worth $79,000 after acquiring an additional 3,814 shares during the period. 58.56% of the stock is owned by institutional investors.

About Meridian Bank

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.