MRBK - Meridian Corp Stock Price, Fair Value and News

9.51USD+0.03 (+0.32%)Delayed

Market Summary

USD9.51+0.03

Delayed

0.32%

MRBK Alerts

2 major insider buys recently.

MRBK Stock Price

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MRBK RSI Chart

MRBK Valuation

Market Cap

106.4M

Price/Earnings (Trailing)

8.94

Price/Sales (Trailing)

0.94

EV/EBITDA

Price/Free Cashflow

4.24

MRBK Price/Sales (Trailing)

MRBK Profitability

EBT Margin

13.55%

Return on Equity

7.44%

Return on Assets

0.52%

Free Cashflow Yield

23.59%

MRBK Fundamentals

MRBK Revenue

Revenue (TTM)

113.6M

Rev. Growth (Yr)

-74.2%

Rev. Growth (Qtr)

-78.03%

MRBK Earnings

Earnings (TTM)

11.9M

Earnings Growth (Yr)

-33.45%

Earnings Growth (Qtr)

368.65%

Breaking Down MRBK Revenue

Last 7 days

5.1%

Last 30 days

13.8%

Last 90 days

-2.2%

Trailing 12 Months

0.5%

How does MRBK drawdown profile look like?

MRBK Financial Health

MRBK Investor Care

Dividend Yield

5.26%

Dividend/Share (TTM)

0.5

Shares Dilution (1Y)

0.07%

Diluted EPS (TTM)

1.06

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	113.6M	0	0	0
2023	101.7M	115.5M	128.0M	136.6M
2022	69.3M	67.6M	72.3M	88.7M
2021	100.2M	106.8M	109.3M	78.4M
2020	54.3M	56.3M	58.6M	86.9M
2019	46.6M	48.9M	50.9M	52.9M
2018	37.8M	39.9M	42.0M	44.1M
2017	0	0	0	35.7M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Meridian Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 10, 2024	holland robert t.	bought	4,550	9.1	500	-
May 09, 2024	holland robert t.	bought	4,540	9.08	500	-
May 07, 2024	holland robert t.	bought	8,975	8.975	1,000	-
May 03, 2024	annas christopher j.	bought	13,965	9.31	1,500	chairman & ceo
May 02, 2024	annas christopher j.	bought	13,485	8.99	1,500	chairman & ceo
May 02, 2024	annas christopher j.	acquired	46,792	8.73	5,360	chairman & ceo
May 02, 2024	lindsay denise	bought	4,434	8.869	500	evp, chief financial officer
May 01, 2024	lindsay denise	bought	18,010	9.005	2,000	evp, chief financial officer
Mar 13, 2024	holland robert t.	bought	9,885	9.885	1,000	-
Mar 05, 2024	imbesi anthony mark	bought	9,854	9.854	1,000	-

Which funds bought or sold MRBK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	added	229	309,340	538,190	-%
May 15, 2024	683 Capital Management, LLC	sold off	-100	-220,843	-	-%
May 15, 2024	CITADEL ADVISORS LLC	sold off	-100	-204,024	-	-%
May 15, 2024	Royal Bank of Canada	reduced	-11.95	-121,000	203,000	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	reduced	-1.55	-372,259	879,339	0.02%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	added	69.89	76,000	432,000	-%
May 15, 2024	MENDON CAPITAL ADVISORS CORP	reduced	-37.79	-193,907	476,378	0.26%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-32.21	-167,889	157,371	-%
May 15, 2024	Tower Research Capital LLC (TRC)	added	82.67	3,630	15,584	-%
May 15, 2024	Northeast Financial Consultants Inc	reduced	-15.00	-182,269	281,074	0.01%

Are Funds Buying or Selling MRBK?

Are funds buying MRBK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MRBK

No. of Funds

MRBK Alerts

2 major insider buys recently.

Unveiling Meridian Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	strategic value investors lp	5.8%	651,298	SC 13G/A
Feb 14, 2024	fourthstone llc	9.27%	1,035,631	SC 13G
Feb 13, 2024	ategra capital management, llc	7.4%	829,566	SC 13G/A
Feb 12, 2024	banc funds co llc	2.3%	260,892	SC 13G/A
Feb 08, 2023	ategra capital management, llc	7.8%	451,570	SC 13G/A
Feb 07, 2023	banc funds co llc	1.8%	103,451	SC 13G/A
Jan 31, 2023	strategic value investors lp	5.6%	325,649	SC 13G/A
Feb 09, 2022	banc funds co llc	2.1%	134,702	SC 13G/A
Jan 18, 2022	ategra capital management, llc	7.7%	466,574	SC 13G/A
Feb 12, 2021	basswood capital management, l.l.c.	0%	0	SC 13G/A

Recent SEC filings of Meridian Corp

View All Filings

Date Filed	Form Type	Document
May 15, 2024	4	Insider Trading
May 14, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 09, 2024	10-Q	Quarterly Report
May 09, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
Apr 30, 2024	8-K	Current Report
Apr 26, 2024	8-K	Current Report
Apr 04, 2024	ARS	ARS

Peers (Alternatives to Meridian Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

Meridian Corp News

Latest updates

Meridian Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-78.0%	8.00	36.00	35.00	34.00	31.00	28.00	23.00	20.00	18.00	11.00	18.00	22.00	27.00	42.00	16.00	15.00	14.00	14.00	14.00	13.00	12.00
EBITDA Margin	16.5%	0.73*	0.63*	0.74*	0.84*	0.98*	1.12*	1.41*	1.55*	1.52*	1.42*	1.02*	1.01*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.0%	17.00	17.00	17.00	17.00	18.00	19.00	18.00	18.00	16.00	16.00	16.00	15.00	15.00	15.00	13.00	12.00	10.00	10.00	9.00	9.00	8.00
Income Taxes	462.2%	1.00	0.00	1.00	1.00	1.00	1.00	2.00	2.00	2.00	2.00	3.00	3.00	3.00	3.00	3.00	2.00	1.00	1.00	1.00	1.00	1.00
Earnings Before Taxes	388.7%	4.00	1.00	5.00	6.00	5.00	6.00	7.00	8.00	7.00	10.00	12.00	11.00	13.00	12.00	12.00	7.00	3.00	4.00	4.00	3.00	3.00
EBT Margin	9.1%	0.14*	0.12*	0.17*	0.21*	0.26*	0.31*	0.44*	0.55*	0.58*	0.59*	0.44*	0.45*	-	-	-	-	-	-	-	-	-
Net Income	368.7%	3.00	1.00	4.00	5.00	4.00	5.00	6.00	6.00	6.00	8.00	9.00	8.00	10.00	9.00	9.00	6.00	3.00	3.00	3.00	2.00	2.00
Net Income Margin	8.0%	0.10*	0.10*	0.13*	0.16*	0.20*	0.25*	0.35*	0.42*	0.45*	0.45*	0.34*	0.34*	-	-	-	-	-	-	-	-	-
Free Cashflow	-150.8%	-3.62	7.00	22.00	-0.46	-11.68	20.00	27.00	28.00	6.00	35.00	20.00	43.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	2.1%	2,293	2,246	2,231	2,207	2,230	2,062	1,922	1,853	1,832	1,713	1,762	1,709	1,744	1,720	1,759	1,579	1,303	1,150	1,127	1,056	1,028
Cash Equivalents	-59.4%	23.00	57.00	60.00	47.00	109	38.00	31.00	37.00	69.00	23.00	63.00	27.00	31.00	37.00	76.00	47.00	38.00	39.00	41.00	31.00	39.00
Net PPE	-0.8%	13.00	14.00	13.00	13.00	13.00	13.00	13.00	12.00	12.00	12.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	9.00	9.00	9.00	9.00
Goodwill	0%	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	-	-	-
Liabilities	2.1%	2,133	2,088	2,076	2,053	2,077	1,909	1,771	1,697	1,674	1,548	1,604	1,556	1,600	1,579	1,627	1,454	1,185	1,029	1,009	942	916
Short Term Borrowings	-20.6%	112	141	-	-	-	113	23.00	59.00	36.00	41.00	22.00	34.00	26.00	107	104	87.00	130	124	128	75.00	82.00
Shareholder's Equity	1.2%	160	158	155	154	153	153	151	156	158	165	158	153	144	142	132	126	118	121	118	114	112
Retained Earnings	1.3%	102	101	102	99.00	96.00	96.00	92.00	88.00	83.00	85.00	78.00	70.00	62.00	59.00	51.00	42.00	37.00	34.00	31.00	28.00	26.00
Additional Paid-In Capital	0.2%	80.00	80.00	80.00	80.00	79.00	79.00	85.00	84.00	84.00	84.00	83.00	82.00	82.00	81.00	81.00	80.00	80.00	80.00	80.00	80.00	80.00
Shares Outstanding	0.0%	11.00	11.00	11.00	11.00	11.00	11.00	12.00	12.00	12.00	24.00	12.00	13.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	91.00	-	-	-	157	-	-	-	144	-	-	-	86.00	-	-	-	100	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-121.7%	-1,706	7,866	22,533	-145	-11,400	21,016	27,976	29,225	6,454	38,691	20,749	42,919	62,764	3,183	-82,296	-16,674	-62,678	17,150	-2,041	-8,355	14,815
Share Based Compensation	-78.4%	142	658	-63.00	301	277	744	377	94.00	260	816	143	419	229	463	177	-	-	-	-	-	-
Cashflow From Investing	-272.2%	-78,728	-21,151	-27,481	-31,355	-84,198	-146,587	-96,344	-83,013	-67,204	-24,567	-26,038	-8,896	-81,014	8,285	-50,365	-244,643	-83,979	-37,912	-53,473	-25,556	-26,136
Cashflow From Financing	357.4%	46,764	10,223	17,841	-30,137	165,710	132,601	62,636	21,993	106,158	-53,765	41,508	-38,125	12,510	-50,593	161,789	270,536	144,808	19,601	65,416	25,601	26,309
Dividend Payments	0.2%	1,400	1,397	1,398	1,391	1,428	1,151	1,205	1,227	7,347	1,211	769	768	6,931	-	-	-	-	-	-	-	-
Buy Backs	-	-	-	-500*	1,567	2,691	3,788	6,137	3,036	-	835	2,197	-	-	-	-	-	5,703	-	-	-	-

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MRBK Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans and other finance receivables, including fees	$ 35,339	$ 29,417
Securities - taxable	1,251	959
Securities - tax-exempt	325	354
Cash and cash equivalents	300	217
Total interest income	37,215	30,947
Interest expense:
Deposits	17,392	11,447
Borrowings	3,214	1,823
Total interest expense	20,606	13,270
Net interest income	16,609	17,677
Provision (recovery of provision) for credit losses	2,866	1,399
Net interest income after provision for credit losses	13,743	16,278
Non-interest income:
Mortgage banking income	$ 3,634	$ 3,272
Type of Revenue, Extensible List	Investment Advice [Member]	Investment Advice [Member]
Wealth management income	$ 1,317	$ 1,196
SBA loan income	986	713
Earnings on investment in life insurance	207	192
Net change in the fair value of derivative instruments	75	(69)
Net change in the fair value of loans held-for-sale	(2)	(1)
Net change in the fair value of loans held-for-investment	(175)	117
Net (loss) gain on hedging activity	(19)	0
Other	1,961	1,218
Total non-interest income	7,984	6,638
Non-interest expense:
Salaries and employee benefits	10,573	11,061
Occupancy and equipment	1,233	1,244
Professional fees	1,498	823
Advertising and promotion	748	861
Data processing and software	1,532	1,432
Pennsylvania bank shares tax	274	245
Other	2,316	2,123
Total non-interest expense	18,174	17,789
Income before income taxes	3,553	5,127
Income tax expense	877	1,106
Net income	$ 2,676	$ 4,021
Basic earnings per common share (in USD per share)	$ 0.24	$ 0.36
Diluted earnings per common share (in USD per share)	$ 0.24	$ 0.34
Basic weighted average shares outstanding (in shares)	11,088	11,272
Diluted weighted average shares outstanding (in shares)	11,201	11,656

MRBK Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Cash and due from banks	$ 8,935	$ 10,067
Interest-bearing deposits at other banks	14,092	46,630
Cash and cash equivalents	23,027	56,697
Securities available-for-sale, at fair value (amortized cost of $161,865 and $156,492, respectively)	150,996	146,019
Securities held-to-maturity, at amortized cost (fair value of $32,003 and $32,730, respectively)	35,157	35,781
Equity investments	2,092	2,121
Mortgage loans held for sale	29,124	24,816
Loans, net of fees and costs	1,956,315	1,895,806
Allowance for credit losses	(23,171)	(22,107)
Loans and other finance receivables, net of the allowance for credit losses	1,933,144	1,873,699
Restricted investment in bank stock	8,560	8,072
Bank premises and equipment, net	13,451	13,557
Bank owned life insurance	29,051	28,844
Accrued interest receivable	9,864	9,325
Other real estate owned	1,703	1,703
Deferred income taxes	4,339	4,201
Servicing assets	11,573	11,748
Goodwill	899	899
Intangible assets	2,920	2,971
Other assets	37,023	25,740
Total assets	2,292,923	2,246,193
Deposits:
Non-interest bearing	220,581	239,289
Interest bearing	1,680,115	1,584,173
Total deposits	1,900,696	1,823,462
Borrowings	145,803	174,896
Subordinated debentures	49,867	49,836
Accrued interest payable	8,350	10,324
Other liabilities	28,271	29,653
Total liabilities	2,132,987	2,088,171
Stockholders’ equity:
Common stock, $1 par value per share. $25,000,000 shares authorized; $13,188,698 and $13,186,198 shares issued and $11,185,515 and $11,183,015 shares outstanding, respectively	13,189	13,186
Surplus	80,487	80,325
Treasury stock, 2,003,183 and 2,003,183 shares, respectively, at cost	(26,079)	(26,079)
Unearned common stock held by employee stock ownership plan	(1,204)	(1,204)
Retained earnings	102,492	101,216
Accumulated other comprehensive loss	(8,949)	(9,422)
Total stockholders’ equity	159,936	158,022
Total liabilities and stockholders’ equity	$ 2,292,923	$ 2,246,193

About Meridian Corp

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. It also provides commercial and industrial loans comprising business lines of credit, term loans, small business lending, lease financing, shared national credits, and other financing; commercial real estate, and land development and construction loans for residential and commercial projects; and consumer and home equity lending, private banking, merchant, and title and land settlement services. In addition, the company operates and originates mortgage loans for 1 4 family dwellings; and offers real estate holding, investment advisory, and equipment leasing services, as well as financial planning and wealth management services. The company was incorporated in 2004 and is headquartered in Malvern, Pennsylvania.

CEO	Mr. Christopher J. Annas
WEBSITE	meridianbanker.com
INDUSTRY	Banks Diversified
EMPLOYEES	366

Meridian Corp Frequently Asked Questions

What is the ticker symbol for Meridian Corp? What does MRBK stand for in stocks?

MRBK is the stock ticker symbol of Meridian Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Meridian Corp (MRBK)?

As of Fri May 17 2024, market cap of Meridian Corp is 106.37 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MRBK stock?

You can check MRBK's fair value in chart for subscribers.

What is the fair value of MRBK stock?

You can check MRBK's fair value in chart for subscribers. The fair value of Meridian Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Meridian Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MRBK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Meridian Corp a good stock to buy?

The fair value guage provides a quick view whether MRBK is over valued or under valued. Whether Meridian Corp is cheap or expensive depends on the assumptions which impact Meridian Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MRBK.

What is Meridian Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MRBK's PE ratio (Price to Earnings) is 8.94 and Price to Sales (PS) ratio is 0.94. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MRBK PE ratio will change depending on the future growth rate expectations of investors.