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Video: Compound Annual Growth Rate (CAGR) Definition
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Date |
Open |
High |
Low |
Close |
Volume |
04/19/2024 |
$8.65 |
$9.00 |
$8.51 |
$8.51 |
23.10K | 04/22/2024 |
$8.51 |
$8.67 |
$8.51 |
$8.52 |
3.50K | 04/23/2024 |
$8.55 |
$8.64 |
$8.40 |
$8.40 |
4.10K | 04/24/2024 |
$8.27 |
$8.95 |
$8.27 |
$8.95 |
27.10K | 04/25/2024 |
$8.72 |
$9.10 |
$8.70 |
$9.02 |
6.60K |
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Meridian is a bank holding company. Through its subsidiary, Meridian Bank, Co. has three principal business line distribution channels: Commercial Banking, which serves commercial and consumer customers via deposits and treasury management, commercial and industrial lending and leasing, commercial real estate lending, small business lending, and title and land settlement services; Mortgage Banking, which operates and originates mortgage loans in the Delaware Valley tri-state market, and Maryland markets; and Wealth Management and Advisory Services, which provides wealth management services and products and the guidance to help its clients and its banking customers prepare for the future. | |
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Meridian (MRBK) has the following price history information. Looking back at MRBK historical stock prices for the last five trading days, on April 19, 2024, MRBK opened at $8.65, traded as high as $9.00 and as low as $8.51, and closed at $8.51. Trading volume was a total of 23.10K shares. On April 22, 2024, MRBK opened at $8.51, traded as high as $8.67 and as low as $8.51, and closed at $8.52. Trading volume was a total of 3.50K shares. On April 23, 2024, MRBK opened at $8.55, traded as high as $8.64 and as low as $8.40, and closed at $8.40. Trading volume was a total of 4.10K shares. On April 24, 2024, MRBK opened at $8.27, traded as high as $8.95 and as low as $8.27, and closed at $8.95. Trading volume was a total of 27.10K shares. On April 25, 2024, MRBK opened at $8.72, traded as high as $9.10 and as low as $8.70, and closed at $9.02. Trading volume was a total of 6.60K shares.
MRBK Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Meridian shares, starting with a $10,000 purchase of MRBK, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
11/08/2017 |
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End date: |
04/25/2024 |
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Start price/share: |
$8.95 |
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End price/share: |
$9.02 |
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Starting shares: |
1,117.32 |
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Ending shares: |
1,340.78 |
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Dividends reinvested/share: |
$2.44 |
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Total return: |
20.94% |
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Average Annual Total Return: |
2.99% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,097.47 |
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Years: |
6.46 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/08/2017 |
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End date: |
04/25/2024 |
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Start price/share: |
$8.95 |
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End price/share: |
$9.02 |
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Dividends collected/share: |
$2.44 |
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Total return: |
28.02% |
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Average Annual Total Return: |
3.90% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,805.20 |
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Years: |
6.46 |
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|
Date |
Close |
04/19/2024 | $8.51 | 04/22/2024 | $8.52 | 04/23/2024 | $8.40 | 04/24/2024 | $8.95 | 04/25/2024 | $9.02 |
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