Meridian Corporation (NASDAQ:MRBK) will begin trading ex-dividend on August 7, 2020. The quarterly dividend payment of $ 0.125 per share is scheduled to be paid on August 24, 2020. Shareholders who purchased MRBK prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Recent Earnings Announcement
Meridian Corporation recorded income for the first quarter of $ 0.39 per share, from the revenue of $ 20.02 million. The quarterly earnings fell 45.45 percent while revenues compared with the same quarter last year. Street analysts expected $ 17.42 million. The top line results outshined analysts by $ 2.60 million or 14.93 percent.
Stock Performance
According to the previous trading day, closing price of MRBK was $ 15.42, representing a 44.38 % increase from the 52 week low of $ 10.68 and a 26.18 % decrease over the 52 week high of $ 20.89.
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The company has a market capital of $ 93.97 million and is part of the Financial Services sector and Banks – Regional – US industry.
Meridian Corporation operates as the bank holding for Meridian Bank that provides commercial banking products and services for small and middle market businesses primarily in southeast Pennsylvania, Delaware, and southern New Jersey. The company offers non-interest and interest checking deposits and time deposits, as well as money market, and savings accounts; and commercial and industrial loans, commercial real estate loans, and consumer and home equity loans, as well as business lines of credit, term loans, small business lending, lease financing, and shared national credits. It also provides cash management, merchant, title and land settlement, mortgage banking, wealth management, investment advisory, and title insurance services, as well as real estate holding services.
