Maltese Capital Management LLC acquired a new position in Meridian Bank (NASDAQ:MRBK) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 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 reporting period.
Separately, Emerald Advisers Inc. PA acquired a new position in shares of Meridian Bank in the 4th quarter worth approximately $300,000. Institutional investors own 27.64% of the company’s stock.
Several analysts recently issued reports on the company. Sandler O’Neill assumed coverage on Meridian Bank in a report on Monday, December 4th. They issued a “buy” rating on the stock. DA Davidson assumed coverage on Meridian Bank in a report on Monday, December 4th. They issued a “buy” rating and a $22.00 price target on the stock.
Shares of Meridian Bank (MRBK) opened at $18.00 on Thursday. Meridian Bank has a 12 month low of $16.56 and a 12 month high of $21.37.
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