Piper Sandler downgraded Meridian Bank to Neutral from Overweight with a price target of $13, down from $14. The analyst sees limited upside in the shares until Meridian shows some improvement in credit. Given continued expected normalization industry-wide, this will likely take time to play out, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MRBK:
- Meridian Bank Announces Quarterly Cash Dividend Payout
- Meridian Bank Unveils Quarterly Earnings and Supplemental Data
- Meridian Corporation Reports Fourth Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share
- Meridian Bank reports Q4 EPS 5c, consensus 28c
- Meridian Bank Ranked Top SBA Lender