|Bid||0.00 x 3000|
|Ask||0.00 x 800|
|Day's Range||16.91 - 16.94|
|52 Week Range||15.26 - 18.88|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||12.28|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.83|
Meridian could have passed the $1 billion asset mark last year, but management chose to delay so the enhanced regulatory oversight that comes with it would not kick in until 2020.
MALVERN, Pa. , May 23, 2019 /PRNewswire/ -- Meridian Corporation (Nasdaq: MRBK) today reported net income of $2.0 million , or $0.31 per diluted share for the first quarter of 2019, which generated a return ...
MALVERN, Pa., May 17, 2019 /PRNewswire/ -- Meridian Corporation ("Meridian"), (MRBK), the parent company for Meridian Bank (the "Bank"), today announced that it has filed a notice of late filing with respect to its Form 10-Q for the quarter ended March 31, 2019, as it needs additional time to evaluate whether there is a need to make certain accounting adjustments related to licensing of mortgage lending in Maryland by the mortgage division of the Bank. This licensing matter relates to approximately 400 loans over the past eight years. Of the 400 loans, 300 appear to remain outstanding. As a result of this matter, Meridian requires additional time to finalize the consolidated financial statements and related disclosures for the quarter ended March 31, 2019, and is working to complete the preparation of its consolidated financial statements for the quarter, as soon as practicable.
The bank disclosed that it originated residential mortgage loans in a state where it did not have a license it would result in a material weakness.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it practical, we'll show how Meridian Corporation's (NASDAQ:MRBK) P/E ratio could help you assess the value on offer...
MALVERN, Pa., March 7, 2019 /PRNewswire/ -- Meridian Corporation ("Meridian") (MRBK), the parent company for Meridian Bank, today announced that its board of directors has authorized a stock repurchase plan pursuant to which Meridian may repurchase up to 5% of its outstanding common shares. Meridian reported 6.4 million shares outstanding at December 31, 2018. Meridian intends to fund the repurchase plan from cash generated from ongoing operations.
MALVERN, Pa. , Jan. 25, 2019 /PRNewswire/ -- Meridian Corporation (Nasdaq: MRBK) today reported net income of $2.4 million , or $0.37 per diluted share for the fourth quarter of 2018, which generated a ...
Improving credit quality as a result of post-GFC recovery has led to a strong environment for growth in the banking sector. Meridian Corporation (NASDAQ:MRBK) is a small-cap bank with a Read More...
“I’ve been doing this for 20 plus years and this is going to really impact small businesses. They cannot hire. They cannot expand. They cannot award bonuses. They will be less profitable."
Weaker-than-expected economic data from China and the European Union and concerns about emerging markets' ability to service their external debt have raised the possibility of global slowdown.
MALVERN, Pa., Dec. 10, 2018 /PRNewswire/ -- (MRBK) Meridian Bank has hired a five-person SBA lending team led by Rocco Perate , a leader in the local SBA lending community. Perate's team has been a Top ...
As a small-cap finance stock with a market capitalisation of US$109m, the risk and profitability of Meridian Corporation (NASDAQ:MRBK) are largely tied to the underlying economic growth of the region Read More...
Rocco Perate and five lenders will be joining the Malvern-based bank because he said not all of his team was offered roles at WSFS and he wanted to work in an environment where the SBA team reported the commercial lending and not retail.
MALVERN, Pa. , Oct. 29, 2018 /PRNewswire/ -- Meridian Corporation (Nasdaq: MRBK) today reported net income of $2.7 million , or $0.42 per diluted share for the third quarter of 2018, which generated a ...
This analysis is intended to introduce important early concepts to people who are starting to invest and want to learn about the link between company’s fundamentals and stock market performance. Read More...
New chief information officer brings over 25 years' experience with financial institutions MALVERN, Pa. , Oct. 22, 2018 /PRNewswire/ -- ( MRBK ) Randy J. McGarry has joined Meridian Bank as its chief information ...