Equities Analysts Issue Forecasts for Meridian Bank’s FY2017 Earnings (NASDAQ:MRBK)

Meridian Bank (NASDAQ:MRBK) – Equities research analysts at DA Davidson issued their FY2017 earnings estimates for Meridian Bank in a report issued on Monday, Zacks Investment Research reports. DA Davidson analyst R. Gunther expects that the company will post earnings per share of $0.85 for the year. DA Davidson currently has a “Buy” rating and a $22.00 target price on the stock. DA Davidson also issued estimates for Meridian Bank’s Q4 2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.30 EPS, Q1 2019 earnings at $0.27 EPS, Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.46 EPS and FY2019 earnings at $1.50 EPS.

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

Shares of Meridian Bank (NASDAQ MRBK) traded up $0.92 during trading on Wednesday, reaching $19.98. 1,260 shares of the company’s stock traded hands, compared to its average volume of 20,503. Meridian Bank has a twelve month low of $17.25 and a twelve month high of $21.37.

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

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