Sandler O’Neill assumed coverage on shares of Meridian Bank (NASDAQ:MRBK) in a research report released on Monday morning, The Fly reports. The firm issued a buy rating on the stock.

Separately, DA Davidson initiated coverage on Meridian Bank in a research report on Monday. They issued a buy rating and a $22.00 target price for the company.

Meridian Bank (NASDAQ:MRBK) traded down $0.10 during midday trading on Monday, reaching $17.65. The company’s stock had a trading volume of 9,800 shares, compared to its average volume of 22,230. Meridian Bank has a 1-year low of $17.25 and a 1-year high of $18.63.

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