Merchants Bancorp (NASDAQ:MBIN) Posts Quarterly Earnings Results, Misses Estimates By $0.25 EPS

Merchants Bancorp (NASDAQ:MBIN) posted its quarterly earnings data on Monday. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.25), RTT News reports. Merchants Bancorp had a return on equity of 25.54% and a net margin of 23.14%. The company had revenue of $355.67 million for the quarter, compared to analysts’ expectations of $156.13 million. During the same period in the previous year, the business posted $1.68 EPS.

Merchants Bancorp Trading Down 17.9 %

Shares of Merchants Bancorp stock opened at $36.03 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 1.01. The company has a market capitalization of $1.56 billion, a P/E ratio of 5.66 and a beta of 1.09. Merchants Bancorp has a 1 year low of $28.99 and a 1 year high of $53.27. The company’s fifty day moving average is $44.37 and its two-hundred day moving average is $43.00.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, September 13th. Merchants Bancorp’s dividend payout ratio (DPR) is currently 5.65%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MBIN shares. Raymond James decreased their price target on shares of Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday. Morgan Stanley began coverage on shares of Merchants Bancorp in a research note on Monday, September 9th. They set an “equal weight” rating and a $54.00 target price for the company.

Insider Activity

In related news, CEO Michael R. Dury acquired 5,200 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $38.71 per share, with a total value of $201,292.00. Following the transaction, the chief executive officer now owns 93,793 shares of the company’s stock, valued at $3,630,727.03. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Michael F. Petrie sold 22,050 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $45.34, for a total value of $999,747.00. Following the completion of the sale, the chief executive officer now owns 1,990,545 shares in the company, valued at $90,251,310.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael R. Dury bought 5,200 shares of the company’s stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $38.71 per share, for a total transaction of $201,292.00. Following the transaction, the chief executive officer now directly owns 93,793 shares in the company, valued at $3,630,727.03. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 39.70% of the company’s stock.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.