Meridian Bank price target raised to $19 from $17 at DA Davidson

DA Davidson raised the firm’s price target on Meridian Bank (MRBK) to $19 from $17 and keeps a Buy rating on the shares. Net interest margin expansion in Q2 was more-than-expected with continued solid loan growth that kept the above-peer high-single-digit growth outlook on track in 2025, the analyst tells investors in a research note.