New insider activity at Meridian Bank ( (MRBK) ) has taken place on May 13, 2025.
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Director Robert M. Casciato has made a significant investment by purchasing 2,000 shares of Meridian Bank stock, amounting to a total of $27,573.
Recent Updates on MRBK stock
In the last 24 hours, Meridian Bank (MRBK) has seen notable developments following its Q1 2025 earnings release. The bank reported a net income of $2.4 million, a decrease from the previous year’s $2.7 million, with a significant increase in net interest income but a decline in non-interest income due to lower mortgage banking and SBA income. Analysts have adjusted their price targets for MRBK, with DA Davidson lowering it to $18 from $19, citing the impact of credit costs on earnings despite a pre-provision net revenue beat and expanded net interest margin. Similarly, Piper Sandler reduced their target to $16 from $17, highlighting continued credit deterioration and weaker mortgage revenues, partially offset by a better-than-expected net interest margin. These adjustments reflect concerns over credit costs and regulatory risks in the wealth management segment impacting profitability, despite the bank’s strategic focus on managing deposit costs and enhancing net interest margins.
Spark’s Take on MRBK Stock
According to Spark, TipRanks’ AI Analyst, MRBK is a Neutral.
Meridian Bank shows strong financial stability with significant revenue growth and no debt, which supports its financial performance score. However, technical indicators suggest short-term weakness, and recent earnings reveal a decline in net income, posing challenges. The stock’s low valuation and attractive dividend yield partially offset these concerns, making it a potentially appealing option for value investors despite current operational headwinds.
To see Spark’s full report on MRBK stock, click here.
More about Meridian Bank
YTD Price Performance: -0.96%
Average Trading Volume: 62,002
Technical Sentiment Signal: Buy
Current Market Cap: $152.1M