<div id="readability-page-1"><p>Meridian Bank (NASDAQ:MRBK - Get Free Report) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 83,248 shares,  a decrease of 29.6% from the March 31st total of 118,283 shares. Approximately 0.8% of the company's shares are sold short. Based on an average daily trading volume, of 135,173 shares, the short-interest ratio is presently 0.6 days.</p><div><p><span></span><span>Get <strong>Meridian Bank</strong> alerts:</span></p></div><h2>Analyst Upgrades and Downgrades</h2><p>Several equities analysts recently commented on MRBK shares. Piper Sandler  reaffirmed an &#34;overweight&#34; rating and set a $22.00 price target (up from $20.00) on shares of Meridian Bank in a research report on Tuesday, February 3rd. DA Davidson upped their price target on shares of Meridian Bank from $21.00 to $22.00 and gave the stock a &#34;buy&#34; rating in a research report on Wednesday, February 4th. Wall Street Zen lowered shares of Meridian Bank from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, April 18th. Finally, Weiss Ratings  reaffirmed a &#34;buy (b-)&#34; rating on shares of Meridian Bank in a research report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating,  Based on data from MarketBeat, Meridian Bank  has an average rating of &#34;Buy&#34; and a consensus target price of $22.00.</p><p><b>Check Out Our Latest Report on Meridian Bank</b></p><h2>Institutional Investors Weigh In On Meridian Bank</h2><p>Large investors have recently made changes to their positions in the business. CWM LLC acquired a new stake in shares of  Meridian Bank in the third quarter worth $34,000.  JPMorgan Chase &amp; Co. increased its position in shares of  Meridian Bank by 26,887.5% in the second quarter. JPMorgan Chase &amp; Co. now owns 4,318 shares of the company's stock worth $56,000 after acquiring an additional 4,302 shares in the last quarter.  MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of  Meridian Bank in the second quarter worth $64,000.  BNP Paribas Financial Markets increased its position in shares of  Meridian Bank by 125.9% in the third quarter. BNP Paribas Financial Markets now owns 4,183 shares of the company's stock worth $66,000 after acquiring an additional 2,331 shares in the last quarter.  Finally, Bank of America Corp DE increased its position in shares of  Meridian Bank by 166.6% in the second quarter. Bank of America Corp DE now owns 6,103 shares of the company's stock worth $79,000 after acquiring an additional 3,814 shares in the last quarter. Institutional investors and hedge funds own  58.56% of the company's stock. </p><h2>Meridian Bank Stock Performance</h2><p>Shares of MRBK stock opened at $19.21 on Tuesday. Meridian Bank has a one year low of $11.16 and a one year high of $21.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.96 and a current ratio of 0.98. The company has a 50 day moving average price of $19.49 and a 200 day moving average price of $17.75. The firm has a market capitalization of $228.21 million, a price-to-earnings ratio of 9.28 and a beta of 0.75. </p><p>Meridian Bank (NASDAQ:MRBK - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.09). Meridian Bank had a return on equity of 12.81% and a net margin of 11.68%.The company had revenue of $30.24 million for the quarter, compared to analyst estimates of $31.79 million.  Sell-side analysts anticipate that  Meridian Bank will post 2.3 EPS for the current year. </p><h2>Meridian Bank Announces Dividend</h2><p>The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, May 4th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.9%. Meridian Bank's dividend payout ratio  is presently 27.05%. </p><h2>Meridian Bank Company Profile</h2> (Get Free Report)<p>Meridian Bank, a Pennsylvania-chartered institution founded in 1993 and headquartered in Philadelphia, operates as a full-service community bank serving the Greater Philadelphia region. As a wholly owned subsidiary of Meridian Bancorp, Inc <span>NASDAQ: MRBK<span></span></span>, the bank maintains a network of branch locations complemented by online and mobile platforms to meet the evolving needs of individual and business customers.  </p><p>On the consumer side, Meridian Bank offers a comprehensive suite of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside personal lending solutions such as home equity lines of credit, residential mortgage loans and unsecured consumer loans.</p><h2>See Also</h2><ul><li>Five stocks we like better than Meridian Bank</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Meridian Bank Right Now?</h2><p>Before you consider Meridian Bank, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meridian Bank wasn't on the list.</p><p>While Meridian Bank currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

MRBK

<p>Meridian Bank (NASDAQ:MRBK) experienced a 29.6% decrease in short interest in April, totaling 83,248 shares as of April 15th. This decline from 118,283 shares on March 31st indicates that 0.8% of the company's stock is sold short. Analysts have given the stock an average rating of "Buy" with a target price of $22.00. The bank also announced a quarterly dividend of $0.14, payable on May 11th, with a yield of 2.9%.</p>

Market Beat

Meridian Bank of Malvern PA

Piper Sandler Cos

MarketWise

JPMorgan Chase

BNP Paribas

Bank of America

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

Short Interest in Meridian Bank (NASDAQ:MRBK) Decreases By 29.6%