Previous Close | 9.26 |
Open | 9.50 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 8.73 - 9.50 |
52 Week Range | 7.80 - 14.24 |
Volume | |
Avg. Volume | 11,109 |
Market Cap | 97.649M |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | 8.24 |
EPS (TTM) | 1.06 |
Earnings Date | Jul 26, 2024 - Jul 30, 2024 |
Forward Dividend & Yield | 0.50 (5.68%) |
Ex-Dividend Date | May 10, 2024 |
1y Target Est | 13.33 |
Meridian Bank (MRBK) delivered earnings and revenue surprises of 4.35% and 3.86%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
MALVERN, Pa., April 26, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Three Months Ended (Dollars in thousands, except per share data)((Unaudited)March 31,2024 December 31,2023 March 31,2023 Income: Net income$2,676 $571 $4,021 Diluted earnings per common share$0.24 $0.05 $0.34 Pre-tax, pre-provision income (1)$6,419 $5,356 $6,526 Pre-tax, pre-provision income - Bank (1)$6,406 $5,757 $8,358 (1) See Non-GAAP reconciliation in the Appendix Commercial loans, excluding
Meridian Corp (MRBK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.