MRBK
Meridian CorporationFinancial Services·Banks - Regional
$17.98
$214M market cap
Revenue
$101.2M
Free Cash Flow
$-3.9M
Rev Growth
+0.0%
FCF Margin
-3.9%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, and Maryland. The company offers various deposit products, such as demand non-interest bearing, demand interest bearing, savings accounts, money market accounts, and time deposits. It also provides commercial and industrial loans comprising business lines of credit, term loans, small business lending, lease financing, and shared nati
2-Year Price History
$17.58+81.4%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 47.8 | 6.1 | 6.1 | 4.7 | 2.9 | 2.6 | -0.2 | 28.3 | 170.5 | 12.2 | 7.9% | 0.3x | -- |
| Act | 2025-Q4 | 53.4 | 9.3 | 9.3 | 7.2 | -6.2 | -6.6 | -0.4 | 132.9 | 167.2 | 11.8 | 12.4% | 0.5x | -- |
Valuation & Metrics
Market Stats
Price$17.98
Market Cap$214M
Enterprise Value$356M
P/S Ratio2.1x
P/FCF--
EV/FCF--
FCF Margin (TTM)-3.9%
FCF Yield-1.8%
Dividend Yield (TTM)3.6%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$101.2M
Net Income$11.9M
Free Cash Flow$-3.9M
Revenue Growth (YoY)+0.0%
EBITDA Margin15.2%
Net Margin11.8%
FCF Margin-3.9%
CapEx % of Revenue0.6%
SBC % of Revenue0.9%
ROIC10.2%
WC Change % Rev-2183.6%
Interest Coverage0.4x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.1M
Days to Cover1.0
Change (vs Prior)+49.2%
Need at least 2 settlement dates for chart
Employees
Headcount322
Revenue / Employee$314,255
Gross Profit / Employee$190,043
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
50.2%(+14.6% YoY)
80 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
18.4%(+10.3% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-1.6% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Fourthstone LLC | $22.3M | $12.00 | +$1.0M | +$7.6M | -1.8% | $590M |
| STRATEGIC VALUE BANK PARTNERS LLC | $12.3M | $11.05 | +$0 | +$0 | -1.4% | $186M |
| BlackRock, Inc.Passive | $10.6M | $12.73 | +$299K | +$6.2M | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $9.2M | $18.82 | +$9.2M | +$9.2M | — | $4.04T |
| FIRST MANHATTAN CO | $8.3M | $11.55 | +$0 | +$107K | -0.2% | $36.06B |
| DIMENSIONAL FUND ADVISORS LPPassive | $8.2M | $13.41 | +$729K | +$3.2M | -0.4% | $480.92B |
| BANC FUNDS CO LLC | $7.0M | $11.99 | +$911K | −$5.5M | -1.3% | $537M |
| ACADIAN ASSET MANAGEMENT LLC | $4.8M | $14.84 | +$671K | +$2.4M | -0.5% | $70.48B |
| Ategra Capital Management, LLC | $4.5M | $10.86 | −$2.1M | −$10.1M | +0.7% | $180M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $4.0M | $12.05 | −$1K | +$2.1M | +2.3% | $1.61T |
| AMERICAN CENTURY COMPANIES INC | $3.7M | $16.32 | +$1.1M | +$3.2M | +0.7% | $193.48B |
| Nuveen, LLC | $3.2M | $16.26 | +$749K | +$3.2M | +0.0% | $368.63B |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $3.2M | $13.94 | −$238K | +$1.6M | +0.1% | $184.72B |
| Wick Capital Partners, LLC | $2.7M | $11.82 | +$0 | +$0 | -0.4% | $547M |
| Connor, Clark & Lunn Investment Management Ltd. | $2.6M | $14.36 | −$26K | +$1.1M | +0.6% | $43.38B |
| STATE STREET CORPPassive | $2.5M | $14.20 | +$510K | +$1.9M | -0.2% | $2.89T |
| TWO SIGMA INVESTMENTS, LP | $2.1M | $15.87 | +$197K | +$2.1M | -0.9% | $117.03B |
| Trexquant Investment LP | $1.7M | $14.65 | −$58K | +$1.3M | -0.2% | $13.81B |
| SEGALL BRYANT & HAMILL, LLC | $1.5M | $15.43 | −$885K | +$1.5M | -0.1% | $8.06B |
| GOLDMAN SACHS GROUP INC | $1.5M | $14.60 | +$276K | −$90K | -0.2% | $760.93B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.66%
avg per quarter
Holders (ex-self)
-0.66%
excl. this stock
Buyers (this Q)
-0.56%
37 buyers · $0.03B in
Sellers (this Q)
+0.25%
33 sellers · $0.00B out
alpha coverage: 92% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+36.2%
how holders react when this stock falls
On quiet Qs
-2.6%
−10% to +10% baseline
On rallies (+10%+)
-20.7%
how they react when this stock rises
Holders' portfolio flow this Q
+6.6%
inflows — adds are organic
Sellers' portfolio flow this Q
-2.0%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-7.0%
Holder mid (any stock)
-4.3%
Holder rally (any stock)
-4.1%
Biggest decreases this quarter
Ategra Capital Management, LLC−$2.1Mα+0.7MARSHALL WACE, LLP−$942Kα+0.6SEGALL BRYANT & HAMILL, LLC−$885Kα-0.1MALTESE CAPITAL MANAGEMENT LLCexited−$607KJANE STREET GROUP, LLCexited−$572KARROWSTREET CAPITAL, LIMITED PARTNERSHIP−$238Kα+0.1BANK OF AMERICA CORP /DE/exited−$178KCANADA PENSION PLAN INVESTMENT BOARDexited−$113KTrexquant Investment LP−$58Kα-0.2Connor, Clark & Lunn Investment Management Ltd.−$26Kα+0.6
New buyers this quarter
Top-5 holders · 43.9%
Fourthstone LLC--
STRATEGIC VALUE BANK PARTNERS LLC--
BlackRock, Inc.--
VANGUARD CAPITAL MANAGEMENT LLC--
FIRST MANHATTAN CO--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Fourthstone LLC1.2MAtegra Capital Management, LLC239KBANC FUNDS CO LLC369KSTRATEGIC VALUE BANK PARTNERS LLC651KPRICE MICHAEL F—FIRST MANHATTAN CO438KPrice Jennifer C.—FMR LLC563Petiole USA ltd—ACADIAN ASSET MANAGEMENT LLC251K
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (1 analysts)$21.001680.0%
Last Year (3 analysts)$20.671500.0%
Current Price$17.98
Analyst Ratings
3
1
Buy: 3Hold: 1Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$44K
3 txns · 2 insiders · 2,522 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-13 | BUY | Imbesi Anthony Mark | director | 1,000 | $17.38 | $17K | $6.71M |
| 2026-04-30 | BUY | Warriner Kenneth Thomas | director | 1,000 | $18.41 | $18K | $37K |
| 2025-08-27 | BUY | Imbesi Anthony Mark | director | 522 | $15.72 | $8K | $6.06M |
Order Flow (FINRA, ~3w lag)
16.8%retail+7.2pp
17.9%dark+3.2pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Meridian Corp: Minimalist Disclosure Limits Forensic Visibility
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
1/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10