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home / news releases / MRBK - Meridian: High Dividend Yield With A Positive Earnings Outlook (Rating Upgrade)

MRBK - Meridian: High Dividend Yield With A Positive Earnings Outlook (Rating Upgrade)

Meridian Corporation

2024-04-08 02:46:31 ET

Summary

  • The interest-rate down cycle will lift the mortgage banking income, net interest margin, and loan portfolio size.
  • I’m estimating earnings to grow by 14% year-over-year in 2024.
  • MRBK is currently offering an attractive dividend yield of 5.4%.
  • The December 2024 target price suggests a very high price upside. Hence, I’m upgrading MRBK to a Buy rating.

For further details see:

Meridian: High Dividend Yield With A Positive Earnings Outlook (Rating Upgrade)
Stock Information
Company Name: Meridian Corporation
Stock Symbol: MRBK
Market: NASDAQ
Website: meridianbanker.com
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