MRBK - Meridian Corp Stock Price, Fair Value and News

8.95USD0.00 (0.00%)Market Closed

Market Summary

USD8.950.00

Market Closed

0.00%

MRBK Alerts

2 major insider buys recently.

MRBK Stock Price

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MRBK RSI Chart

MRBK Valuation

Market Cap

100.1M

Price/Earnings (Trailing)

7.56

Price/Sales (Trailing)

0.73

EV/EBITDA

0.51

Price/Free Cashflow

5.88

MRBK Price/Sales (Trailing)

MRBK Profitability

EBT Margin

12.42%

Return on Equity

8.38%

Return on Assets

0.59%

Free Cashflow Yield

17.01%

MRBK Fundamentals

MRBK Revenue

Revenue (TTM)

136.6M

Rev. Growth (Yr)

30.92%

Rev. Growth (Qtr)

2.5%

MRBK Earnings

Earnings (TTM)

13.2M

Earnings Growth (Yr)

-87.48%

Earnings Growth (Qtr)

-85.74%

Breaking Down MRBK Revenue

Last 7 days

-2.6%

Last 30 days

-2.0%

Last 90 days

-6.8%

Trailing 12 Months

3.4%

How does MRBK drawdown profile look like?

MRBK Financial Health

MRBK Investor Care

Dividend Yield

5.59%

Dividend/Share (TTM)

0.5

Buy Backs (1Y)

3.65%

Diluted EPS (TTM)

1.16

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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 03, 2024	annas christopher j.	bought	13,965	9.31	1,500	chairman & ceo
May 02, 2024	lindsay denise	bought	4,434	8.869	500	evp, chief financial officer
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 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	-
Mar 01, 2024	hollin edward j.	bought	9,680	9.68	1,000	-
Mar 01, 2024	annas christopher j.	bought	19,280	9.64	2,000	chairman & ceo
Feb 26, 2024	lindsay denise	bought	19,320	9.66	2,000	evp, chief financial officer

Which funds bought or sold MRBK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	LSV ASSET MANAGEMENT	unchanged	-	-369,000	921,000	-%
May 01, 2024	BNP PARIBAS FINANCIAL MARKETS	unchanged	-	-390	972	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-17.1	-115,237	166,933	-%
Apr 24, 2024	Strid Group, LLC	new	-	431,024	431,024	0.08%
Apr 15, 2024	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	unchanged	-	-236,278	588,916	-%
Mar 11, 2024	VANGUARD GROUP INC	unchanged	-	2,192,780	7,425,000	-%
Feb 23, 2024	MENDON CAPITAL ADVISORS CORP	new	-	670,285	670,285	0.28%
Feb 15, 2024	JANE STREET GROUP, LLC	new	-	228,850	228,850	-%
Feb 15, 2024	State of Wyoming	sold off	-100	-18,131	-	-%

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 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
Apr 04, 2024	DEF 14A	DEF 14A
Apr 04, 2024	DEFA14A	DEFA14A
Mar 20, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading

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	550.7B	174.7B	-2.88%	39.91%	10.94	3.15	53.11%	19.83%
BAC	296.0B	127.4B	1.99%	36.69%	11.83	2.15	56.12%	-12.56%
WFC	210.0B	85.8B	4.95%	56.96%	11.19	2.45	35.02%	26.14%
C	118.3B	125.0B	0.65%	33.74%	14.8	0.95	37.85%	-
CFG	16.2B	10.4B	4.71%	38.12%	11.31	1.55	26.22%	-33.87%
KEY	14.1B	8.1B	-0.80%	54.34%	16.12	1.73	32.15%	-50.93%
MID-CAP
CMA	7.1B	4.2B	1.12%	47.25%	10.15	1.66	34.68%	-45.96%
ZION	6.5B	3.9B	4.13%	80.63%	9.55	1.64	45.91%	-25.03%
ABCB	3.4B	1.3B	5.29%	67.41%	12.7	2.67	43.24%	-22.35%
ASB	3.3B	1.8B	5.37%	45.89%	20.77	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	399.1M	152.4M	-3.36%	49.04%	40.14	2.62	16.94%	-73.84%
AROW	389.7M	162.6M	0.47%	17.60%	12.96	2.4	25.39%	-38.37%
ACNB	273.7M	96.6M	-5.55%	16.05%	8.64	2.83	11.02%	-11.37%
ASRV	40.3M	60.9M	-4.84%	-16.90%	-12.04	0.66	24.06%	-144.92%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	2.5%	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	12.00
EBITDA Margin	-12.9%	0.63*	0.72*	0.84*	0.98*	1.12*	1.41*	1.55*	1.52*	1.42*	1.02*	1.01*	1.00*	0.98*	-	-	-	-	-	-	-	-
Interest Expenses	-1.6%	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	8.00
Income Taxes	-87.1%	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	1.00
Earnings Before Taxes	-86.0%	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	3.00
EBT Margin	-27.6%	0.12*	0.17*	0.21*	0.26*	0.31*	0.44*	0.55*	0.58*	0.59*	0.44*	0.45*	0.44*	0.40*	-	-	-	-	-	-	-	-
Net Income	-85.7%	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	2.00
Net Income Margin	-28.0%	0.10*	0.13*	0.16*	0.20*	0.25*	0.35*	0.42*	0.45*	0.45*	0.34*	0.34*	0.34*	0.30*	-	-	-	-	-	-	-	-
Free Cashflow	-67.7%	7.00	22.00	-0.46	-11.68	20.00	27.00	28.00	6.00	35.00	20.00	43.00	62.00	3.00	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.7%	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	997
Cash Equivalents	-5.1%	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	24.00
Net PPE	1.9%	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	10.00
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	-	-	-	-
Liabilities	0.6%	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	888
Short Term Borrowings	-	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	114
Shareholder's Equity	1.9%	158	155	154	153	153	151	156	158	165	158	153	144	142	132	126	118	121	118	114	112	110
Retained Earnings	-0.8%	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	24.00
Additional Paid-In Capital	0.7%	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	80.00
Shares Outstanding	0.0%	11.00	11.00	11.00	11.00	11.00	12.00	12.00	12.00	24.00	12.00	13.00	12.00	-	-	-	-	-	-	-	-	-
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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-65.1%	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	1,349
Share Based Compensation	1144.4%	658	-63.00	301	277	744	377	94.00	260	816	143	419	229	463	177	-	-	-	-	-	-	-
Cashflow From Investing	23.0%	-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	-43,818
Cashflow From Financing	-42.7%	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	40,598
Dividend Payments	-0.1%	1,397	1,398	1,391	1,428	1,151	1,205	1,227	7,347	1,211	769	768	6,931	-	-	-	-	-	-	-	-	-
Buy Backs	100.0%	-	-500*	1,567	2,691	3,788	6,137	3,036	-	835	2,197	-	-	-	-	-	5,703	-	-	-	-	-

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MRBK Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest income:
Loans and other finance receivables, including fees	$ 130,081	$ 84,627
Securities - taxable	3,873	2,420
Securities - tax-exempt	1,369	1,388
Cash and cash equivalents	1,266	286
Total interest income	136,589	88,721
Interest expense:
Deposits	57,819	15,397
Borrowings	9,828	3,196
Total interest expense	67,647	18,593
Net interest income	68,942	70,128
Provision for credit losses	6,815	2,488
Net interest income after provision for credit losses	62,127	67,640
Non-interest income:
Mortgage banking income	$ 16,537	$ 25,325
Revenue, Product and Service [Extensible Enumeration]	Wealth management income	Wealth management income
Wealth management income	$ 4,928	$ 4,733
SBA loan income	4,485	4,467
Earnings on investment in life insurance	789	553
Net change in the fair value of derivative instruments	91	(703)
Net change in the fair value of loans held-for-sale	32	(844)
Net change in the fair value of loans held-for-investment	132	(2,408)
Net gain on hedging activity	28	5,439
Net gain on sale of investment securities available-for-sale	(58)	0
Other	5,001	5,162
Total non-interest income	31,965	41,724
Non-interest expense:
Salaries and employee benefits	47,377	54,378
Occupancy and equipment	4,842	4,837
Professional fees	4,312	3,635
Advertising and promotion	3,730	4,336
Data processing and software	6,415	5,451
FDIC premiums	2,929	1,247
Other	7,520	7,560
Total non-interest expense	77,125	81,444
Income before income taxes	16,967	27,920
Income tax expense	3,724	6,091
Net income	$ 13,243	$ 21,829
Basic earnings per common share (in USD per share)	$ 1.19	$ 1.85
Diluted earnings per common share (in USD per share)	$ 1.16	$ 1.79
Basic weighted average shares outstanding (in shares)	11,115	11,792
Diluted weighted average shares outstanding (in shares)	11,387	12,204

MRBK Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Cash and due from banks	$ 10,067	$ 11,299
Interest-bearing deposits at other banks	46,630	27,092
Cash and cash equivalents	56,697	38,391
Securities available-for-sale, at fair value (amortized cost of $156,492 and $148,976, respectively)	146,019	135,346
Securities held-to-maturity, at amortized cost (fair value of $32,730 and $33,085, respectively)	35,781	37,479
Equity investments	2,121	2,086
Mortgage loans held for sale	24,816	22,243
Loans and other finance receivables, net of fees and costs	1,895,806	1,743,682
Allowance for credit losses	(22,107)	(18,828)
Loans and other finance receivables, net of the allowance for credit losses	1,873,699	1,724,854
Restricted investment in bank stock	8,072	6,931
Bank premises and equipment, net	13,557	13,349
Bank owned life insurance	28,844	28,055
Accrued interest receivable	9,325	7,363
Other real estate owned	1,703	1,703
Deferred income taxes	4,201	3,936
Servicing assets	11,748	12,346
Goodwill	899	899
Intangible assets	2,971	3,175
Other assets	25,740	24,072
Total assets	2,246,193	2,062,228
Deposits:
Non-interest bearing	239,289	301,727
Interest bearing	1,584,173	1,410,752
Total deposits	1,823,462	1,712,479
Borrowings	174,896	122,082
Subordinated debentures	49,836	40,346
Accrued interest payable	10,324	2,389
Other liabilities	29,653	31,652
Total liabilities	2,088,171	1,908,948
Stockholders’ equity:
Common stock, $1 par value: 25,000,000 shares authorized; 13,186,198 and 13,156,308 shares issued, respectively; and 11,183,015 and 11,465,572 shares outstanding, respectively.	13,186	13,156
Surplus	80,325	79,072
Treasury stock - 2,003,183 and 1,690,736 shares, respectively, at cost	(26,079)	(21,821)
Unearned common stock held by employee stock ownership plan	(1,204)	(1,403)
Retained earnings	101,216	95,815
Accumulated other comprehensive loss	(9,422)	(11,539)
Total stockholders’ equity	158,022	153,280
Total liabilities and stockholders’ equity	$ 2,246,193	$ 2,062,228

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 Tue May 07 2024, market cap of Meridian Corp is 100.89 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 Tue May 07 2024, MRBK's PE ratio (Price to Earnings) is 7.62 and Price to Sales (PS) ratio is 0.74. 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.