DA Davidson lowered the firm’s price target on Meridian Bank (MRBK) to $18 from $19 and keeps a Buy rating on the shares. The company delivered a pre-provision net revenue beat, but while its net interest margin expanded, credit costs weighed on its earnings, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRBK: