Meridian Bank

Company Profile

Meridian Bank had its IPO on 2017-11-07 under the ticker symbol MRBK.

The company operates in the Financial Services sector and Banks-Regional industry. Meridian Bank has a staff strength of 366 employees.

Stock update

Shares of Meridian Bank opened at $11.75 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $11.57 - $11.8, and closed at $11.57.

This is a -0.43% slip from the previous day's closing price.

A total volume of 3,163 shares were traded at the close of the day’s session.

In the last one week, shares of Meridian Bank have slipped by -1.11%.

Meridian Bank's Key Ratios

Meridian Bank has a market cap of $129.89 million, indicating a price to book ratio of 1.2702 and a price to sales ratio of 1.5201.

In the last 12-months Meridian Bank’s revenue was $101.92 million with a gross profit of $109.36 million and an EBITDA of $0. The EBITDA ratio measures Meridian Bank's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Meridian Bank’s operating margin was 23.76% while its return on assets stood at 0.94% with a return of equity of 12.27%.

In Q2, Meridian Bank’s quarterly earnings growth was a negative -14.6% while revenue growth was a negative 6.7%.

Meridian Bank’s PE and PEG Ratio

Forward PE

0

Trailing PE

7.1728

PEG

Its diluted EPS in the last 12-months stands at $1.62 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Meridian Bank’s profitability.

Meridian Bank stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 1.5201.

Meridian Bank stock pays annual dividends of $0.45 per share, indicating a yield of 4.26% and a payout ratio of 35.28%.

Balance sheet and cash flow metrics

Total Assets

$2.21 billion

Total Liabilities

$5.61 million

Operating Cash Flow

$0

Capital Expenditure

$317000

Dividend Payout Ratio

35.28%

Meridian Bank ended 2024 with $2.21 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.21 billion while shareholder equity stood at $153.96 million.

Meridian Bank ended 2024 with $0 in deferred long-term liabilities, $5.61 million in other current liabilities, 13181000.00 in common stock, $99.43 million in retained earnings and $899000.00 in goodwill. Its cash balance stood at $46.87 million and cash and short-term investments were $173.53 million. The company’s total short-term debt was $0 while long-term debt stood at $234.98 million.

Meridian Bank’s total current assets stands at $181.19 million while long-term investments were $165.23 million and short-term investments were $126.67 million. Its net receivables were $7.65 million compared to accounts payable of $5.61 million and inventory worth $0.

In 2024, Meridian Bank's operating cash flow was $0 while its capital expenditure stood at $317000.

Comparatively, Meridian Bank paid $0.35 in dividends in 2024.

Other key metrics

Current Trading Price

$11.57

52-Week High

$16.1982

52-Week Low

$7.6091

Analyst Target Price

$13.67

Meridian Bank stock is currently trading at $11.57 per share. It touched a 52-week high of $16.1982 and a 52-week low of $16.1982. Analysts tracking the stock have a 12-month average target price of $13.67.

Its 50-day moving average was $11.38 and 200-day moving average was $12.32 The short ratio stood at 2.55 indicating a short percent outstanding of 0%.

Around 1964% of the company’s stock are held by insiders while 5787.2% are held by institutions.