Meridian Bank to Post Q1 2018 Earnings of $0.16 Per Share, DA Davidson Forecasts (MRBK)

Meridian Bank (NASDAQ:MRBK) – Analysts at DA Davidson decreased their Q1 2018 EPS estimates for shares of Meridian Bank in a research note issued to investors on Wednesday. DA Davidson analyst R. Gunther now anticipates that the company will post earnings per share of $0.16 for the quarter, down from their prior forecast of $0.26. DA Davidson has a “Buy” rating and a $22.00 price target on the stock. DA Davidson also issued estimates for Meridian Bank’s Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.25 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.60 EPS.

Separately, Sandler O’Neill assumed coverage on shares of Meridian Bank in a research report on Monday, December 4th. They set a “buy” rating for the company.

Shares of Meridian Bank (NASDAQ MRBK) opened at $18.33 on Friday. Meridian Bank has a 1 year low of $16.56 and a 1 year high of $21.37.

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Earnings History and Estimates for Meridian Bank (NASDAQ:MRBK)

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