Meridian (MRBK)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	32.35 mm	32.35 mm	32.35 mm	32.35 mm	32.35 mm	32.35 mm
Cash burn (monthly)	(no burn)	1.21 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	3.39 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	28.96 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	23.9	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Meridian earnings reports.

Institutional ownership, Q1 2024

MRBK institutional ownership history Ownership history

35.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	34	6	+466.7%
Opened positions	29	0	NEW
Closed positions	1	37	-97.3%
Increased positions	1	1	–
Reduced positions	1	2	-50.0%

13F shares	Current	Prev Q	Change
Total value	21.30 bn	3.77 bn	+464.7%
Total shares	4.01 mm	1.10 mm	+263.3%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Banc Funds	785.70 k	$7.79 mm	NEW
Vanguard	534.17 k	$5.30 bn	NEW
Ategra Capital Management	506.10 k	$0.00	0.0%
First Manhattan	327.08 k	$3.24 bn	NEW
Strategic Value Investors	325.65 k	$0.00	0.0%
Meridian Wealth Partners	214.57 k	$2.13 bn	+12.8%
BLK BlackRock	191.88 k	$1.90 bn	NEW
Dimensional Fund Advisors	160.74 k	$1.59 bn	NEW
LSV Asset Management	92.82 k	$921.00 k	NEW
Bridgeway Capital Management	88.64 k	$879.34 mm	NEW

Largest transactions	Shares	Bought/sold	Change
Banc Funds	785.70 k	+785.70 k	NEW
Vanguard	534.17 k	+534.17 k	NEW
First Manhattan	327.08 k	+327.08 k	NEW
BLK BlackRock	191.88 k	+191.88 k	NEW
Dimensional Fund Advisors	160.74 k	+160.74 k	NEW
LSV Asset Management	92.82 k	+92.82 k	NEW
Bridgeway Capital Management	88.64 k	+88.64 k	NEW
Geode Capital Management	87.29 k	+87.29 k	NEW
Gator Capital Management	81.89 k	+81.89 k	NEW
Susquehanna International	80.67 k	+80.67 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MRBK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Nov 24	Annas Christopher J.	EMPLOYEE STOCK OPTION COMMON STOCK	Grant	Acquire A	No	No	14.5	40,000	580.00 k	40,000
21 Nov 24	Andrew Nathan Fox	EMPLOYEE STOCK OPTION COMMON STOCK	Grant	Acquire A	No	No	14.5	3,500	50.75 k	3,500
21 Nov 24	Lindsay Denise	EMPLOYEE STOCK OPTION COMMON STOCK	Grant	Acquire A	No	No	14.5	20,000	290.00 k	20,000
19 Aug 24	Anthony Mark Imbesi	COMMON STOCK	Buy	Acquire P	No	No	10.74	1,000	10.74 k	384,634
19 Aug 24	Annas Christopher J.	COMMON STOCK	Buy	Acquire P	No	No	10.7	2,000	21.40 k	362,378

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

DA Davidson Maintains Buy on Meridian, Raises Price Target to $17

29 Oct 24

DA Davidson analyst Russell Gunther maintains Meridian (NASDAQ:MRBK) with a Buy and raises the price target from $15 to $17.

Piper Sandler Maintains Neutral on Meridian, Raises Price Target to $15

29 Oct 24

Piper Sandler analyst Frank Schiraldi maintains Meridian (NASDAQ:MRBK) with a Neutral and raises the price target from $14 to $15.

Meridian Q3 2024 GAAP EPS $0.42 Beats $0.35 Estimate, Sales $29.073M Beat $26.320M Estimate

25 Oct 24

Meridian (NASDAQ:MRBK) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.35 by 20 percent. This is a 20 percent increase over earnings of $0.35 per share from the same period

Press releases

From Benzinga Pro

Meridian Corporation Reports Third Quarter 2024 Results and Announces a Quarterly Dividend of $0.125 per Common Share

24 Oct 24

MALVERN, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (NASDAQ:MRBK) today reported: Three Months Ended(Dollars in thousands, except per share data) (Unaudited)September 30,2024 June 30,2024 September