Zacks: Brokerages Anticipate Merchants Bancorp (NASDAQ:MBIN) Will Post Earnings of $1.47 Per Share


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Analysts expect Merchants Bancorp (NASDAQ:MBIN) to report earnings of $1.47 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Merchants Bancorp’s earnings, with estimates ranging from $1.14 to $1.71. Merchants Bancorp posted earnings per share of $0.73 in the same quarter last year, which suggests a positive year over year growth rate of 101.4%. The business is scheduled to issue its next earnings results on Thursday, April 22nd.

According to Zacks, analysts expect that Merchants Bancorp will report full year earnings of $5.43 per share for the current year, with EPS estimates ranging from $5.00 to $5.97. For the next year, analysts expect that the business will post earnings of $4.94 per share, with EPS estimates ranging from $4.40 to $5.68. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Merchants Bancorp.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings results on Wednesday, January 27th. The company reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.46. Merchants Bancorp had a net margin of 40.10% and a return on equity of 31.07%. The business had revenue of $111.96 million for the quarter, compared to the consensus estimate of $91.19 million.

Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Merchants Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday. Raymond James raised their price objective on shares of Merchants Bancorp from $39.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Monday, February 1st. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company. Merchants Bancorp currently has an average rating of “Buy” and an average price target of $30.50.

MBIN traded up $0.44 during trading on Friday, hitting $41.15. The company’s stock had a trading volume of 35,811 shares, compared to its average volume of 62,658. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 2.97. Merchants Bancorp has a one year low of $12.70 and a one year high of $44.72. The firm has a market cap of $1.18 billion, a PE ratio of 8.66 and a beta of 1.10. The business’s 50 day simple moving average is $38.97 and its 200-day simple moving average is $29.60.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Monday, March 15th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.87%. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 12th. Merchants Bancorp’s dividend payout ratio (DPR) is presently 15.19%.

In related news, Director Patrick D. O’brien purchased 4,000 shares of Merchants Bancorp stock in a transaction on Thursday, March 11th. The shares were bought at an average cost of $26.55 per share, for a total transaction of $106,200.00. Following the acquisition, the director now owns 40,000 shares in the company, valued at approximately $1,062,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David N. Shane purchased 2,000 shares of Merchants Bancorp stock in a transaction on Tuesday, March 16th. The stock was bought at an average price of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $50,000. The disclosure for this purchase can be found here. Insiders have bought a total of 14,000 shares of company stock worth $356,200 over the last 90 days. Insiders own 43.42% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in MBIN. BlackRock Inc. increased its holdings in Merchants Bancorp by 13.0% in the 4th quarter. BlackRock Inc. now owns 1,042,772 shares of the company’s stock valued at $28,810,000 after acquiring an additional 120,220 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Merchants Bancorp by 117.3% in the 4th quarter. Wells Fargo & Company MN now owns 90,545 shares of the company’s stock valued at $2,502,000 after acquiring an additional 48,874 shares during the last quarter. Morgan Stanley increased its holdings in Merchants Bancorp by 393.5% in the 3rd quarter. Morgan Stanley now owns 31,586 shares of the company’s stock valued at $623,000 after acquiring an additional 25,186 shares during the last quarter. Wakefield Asset Management LLLP bought a new stake in Merchants Bancorp in the 4th quarter valued at $628,000. Finally, JPMorgan Chase & Co. increased its holdings in Merchants Bancorp by 178.1% in the 4th quarter. JPMorgan Chase & Co. now owns 29,265 shares of the company’s stock valued at $808,000 after acquiring an additional 18,743 shares during the last quarter. Institutional investors own 21.45% of the company’s stock.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.

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Earnings History and Estimates for Merchants Bancorp (NASDAQ:MBIN)

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