MAY 1·MarketBeatMed
Insider Buying: Meridian Bank (NASDAQ:MRBK) Director Acquires 1,000 Shares of Stock
Meridian Bank director Kenneth Thomas Warriner recently purchased 1,000 shares of the company's stock, doubling his stake to 2,000 shares. This insider acquisition comes after the bank reported quarterly earnings that missed analyst estimates. Despite the earnings miss, analysts maintain a "Buy" consensus rating for MRBK with a target price of $22.50, and the company also announced a quarterly dividend.