Meridian Shares Recover Pre-Holiday With Loan Uncertainty Still Ahead
Meridian Corporation closed Friday at $17.58, up 0.5% for the day and 2.5% above its May 15 finish. The Nasdaq-listed bank stock tracked some small moves higher most of the week. Shares remain below the $18.42 close seen April 24 after its initial earnings drop. Timing is key here. Since May 13, there hasn’t been a new company filing or IR update, so Friday’s move seemed more like a market fix than a new push from the company. Meridian’s most recent filings are the May 11 Q1 10-Q and the May 4 revised numbers.