Meridian Bank Receives a Buy from D.A. Davidson

In a report released today, Russell Gunther from D.A. Davidson maintained a Buy rating on Meridian Bank (NASDAQ: MRBK), with a price target of $21. The company’s shares closed yesterday at $17.65.

According to TipRanks.com, Gunther is a 3-star analyst with an average return of 9.4% and a 64.3% success rate. Gunther covers the Financial sector, focusing on stocks such as Community Bank System, Fulton Financial Corp, and United Bankshares.

Meridian Bank has an analyst consensus of Moderate Buy, with a price target consensus of $21.

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The company has a one-year high of $21.37 and a one-year low of $16.56. Currently, Meridian Bank has an average volume of 8,645.

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Meridian Bank PA is a state-chartered commercial bank, which provides full service banking to businesses, professionals, and retail customers in Pennsylvania, New Jersey and Delaware. It operates through the Meridian Bank and Meridian Mortgage business segments.