Meridian Corporation (MRBK)
Meridian Statistics
Share Statistics
Meridian has 11.29M shares outstanding. The number of shares has increased by 0.89% in one year.
| Shares Outstanding | 11.29M |
| Shares Change (YoY) | 0.89% |
| Shares Change (QoQ) | 0.4% |
| Owned by Institutions (%) | 59.49% |
| Shares Floating | 8.59M |
| Failed to Deliver (FTD) Shares | 173 |
| FTD / Avg. Volume | 0.28% |
Short Selling Information
The latest short interest is 42.14K, so 0.37% of the outstanding shares have been sold short.
| Short Interest | 42.14K |
| Short % of Shares Out | 0.37% |
| Short % of Float | 0.44% |
| Short Ratio (days to cover) | 1 |
Valuation Ratios
The PE ratio is 9.32 and the forward PE ratio is 6.32. Meridian's PEG ratio is 0.4.
| PE Ratio | 9.32 |
| Forward PE | 6.32 |
| PS Ratio | 0.98 |
| Forward PS | 1.2 |
| PB Ratio | 0.89 |
| P/FCF Ratio | 16.87 |
| PEG Ratio | 0.4 |
Enterprise Valuation
Meridian has an Enterprise Value (EV) of 201.5M.
| EV / Sales | 1.29 |
| EV / EBITDA | 0 |
| EV / EBIT | 21 |
| EV / FCF | 22.32 |
Financial Position
The company has a current ratio of 27.68, with a Debt / Equity ratio of 0.32.
| Current Ratio | 27.68 |
| Quick Ratio | 27.68 |
| Debt / Equity | 0.32 |
| Debt / EBITDA | - |
| Debt / FCF | 6.06 |
| Interest Coverage | 1.74 |
Financial Efficiency
Return on Equity is 9.53% and Return on Invested Capital is 55.84%.
| Return on Equity | 9.53% |
| Return on Assets | 0.69% |
| Return on Invested Capital | 55.84% |
| Revenue Per Employee | $484.56K |
| Profits Per Employee | $50.76K |
| Employee Count | 322 |
| Asset Turnover | 0.07 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 5.44M |
| Effective Tax Rate | 24.97% |
Stock Price Statistics
The stock price has increased by 57.32% in the last 52 weeks. The beta is 0.67, so Meridian's price volatility has been higher than the market average.
| Beta | 0.67 |
| 52-Week Price Change | 57.32% |
| 50-Day Moving Average | 14.42 |
| 200-Day Moving Average | 13.67 |
| Relative Strength Index (RSI) | 56.49 |
| Average Volume (20 Days) | 61.76K |
Income Statement
In the last 12 months, Meridian had revenue of 156.03M and earned 16.35M in profits. Earnings per share was 1.47.
| Revenue | 156.03M |
| Gross Profit | 156.03M |
| Operating Income | 147.97M |
| Net Income | 16.35M |
| EBITDA | 0 |
| EBIT | -2.3M |
| Earnings Per Share (EPS) | 1.47 |
Balance Sheet
The company has 5.6M in cash and 54.74M in debt, giving a net cash position of -49.15M.
| Cash & Cash Equivalents | 5.6M |
| Total Debt | 54.74M |
| Net Cash | -49.15M |
| Retained Earnings | 111.96M |
| Total Assets | 2.39B |
| Working Capital | 105.67M |
Cash Flow
In the last 12 months, operating cash flow was 9.6M and capital expenditures -568K, giving a free cash flow of 9.03M.
| Operating Cash Flow | 9.6M |
| Capital Expenditures | -568K |
| Free Cash Flow | 9.03M |
| FCF Per Share | 0.81 |
Margins
Gross margin is 100%, with operating and profit margins of 94.83% and 10.48%.
| Gross Margin | 100% |
| Operating Margin | 94.83% |
| Pretax Margin | 13.96% |
| Profit Margin | 10.48% |
| EBITDA Margin | n/a |
| EBIT Margin | 94.83% |
| FCF Margin | 5.79% |
Dividends & Yields
MRBK pays an annual dividend of $0.62, which amounts to a dividend yield of 2.96%.
| Dividend Per Share | $0.62 |
| Dividend Yield | 2.96% |
| Dividend Growth (YoY) | 0% |
| Payout Ratio | 43.1% |
| Earnings Yield | 10.73% |
| FCF Yield | 5.93% |
Analyst Forecast
The average price target for MRBK is $16, which is 12.8% higher than the current price. The consensus rating is "Buy".
| Price Target | $16 |
| Price Target Difference | 12.8% |
| Analyst Consensus | Buy |
| Analyst Count | 2 |
Stock Splits
The last stock split was on Mar 21, 2023. It was a forward split with a ratio of 2:1.
| Last Split Date | Mar 21, 2023 |
| Split Type | forward |
| Split Ratio | 2:1 |
Scores
| Altman Z-Score | 0.23 |
| Piotroski F-Score | 5 |