Maltese Capital Management LLC Buys Shares of 310,000 Meridian Bank (NASDAQ:MRBK)

Maltese Capital Management LLC purchased a new position in shares of Meridian Bank (NASDAQ:MRBK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 310,000 shares of the company’s stock, valued at approximately $6,194,000. Maltese Capital Management LLC owned 5.13% of Meridian Bank at the end of the most recent quarter.

Separately, Emerald Advisers Inc. PA acquired a new stake in shares of Meridian Bank in the 4th quarter valued at about $300,000. 9.59% of the stock is currently owned by hedge funds and other institutional investors.

Meridian Bank (MRBK) opened at $18.00 on Wednesday. Meridian Bank has a 1 year low of $16.56 and a 1 year high of $21.37.

A number of equities research analysts recently weighed in on the stock. DA Davidson assumed coverage on shares of Meridian Bank in a research report on Monday, December 4th. They set a “buy” rating and a $22.00 price objective for the company. Sandler O’Neill assumed coverage on shares of Meridian Bank in a research report on Monday, December 4th. They set a “buy” rating for the company.

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