310,000 Shares in Meridian Bank (NASDAQ:MRBK) Purchased by Maltese Capital Management LLC

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.

WARNING: This piece was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/22/maltese-capital-management-llc-takes-6-19-million-position-in-meridian-bank-mrbk.html.

Institutional Ownership by Quarter for Meridian Bank (NASDAQ:MRBK)

Receive News & Ratings for Meridian Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meridian Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply