Merchants Bancorp (NASDAQ:MBIN) – Stock analysts at SunTrust Banks dropped their FY2017 earnings estimates for shares of Merchants Bancorp in a research report issued on Tuesday. SunTrust Banks analyst M. Young now anticipates that the company will earn $1.85 per share for the year, down from their previous forecast of $1.95. SunTrust Banks currently has a “Buy” rating and a $23.00 target price on the stock. SunTrust Banks also issued estimates for Merchants Bancorp’s Q4 2017 earnings at $0.38 EPS.
Other equities research analysts have also issued reports about the stock. Sandler O’Neill started coverage on shares of Merchants Bancorp in a research note on Tuesday, November 21st. They issued a “buy” rating and a $21.00 price objective on the stock. Raymond James Financial started coverage on shares of Merchants Bancorp in a research note on Tuesday, November 21st. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Stephens started coverage on shares of Merchants Bancorp in a research note on Tuesday, November 21st. They issued an “overweight” rating and a $21.00 price objective on the stock.
Merchants Bancorp (NASDAQ MBIN) opened at $21.14 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.66. Merchants Bancorp has a 12-month low of $16.27 and a 12-month high of $21.97. The stock has a market cap of $574.56 and a P/E ratio of 14.58.
In other news, CFO John F. Macke acquired 15,625 shares of Merchants Bancorp stock in a transaction dated Friday, October 27th. The shares were bought at an average cost of $16.00 per share, with a total value of $250,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders bought 18,687 shares of company stock worth $298,992.
The company also recently disclosed a special dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were paid a $0.05 dividend. The ex-dividend date was Thursday, December 14th. Merchants Bancorp’s dividend payout ratio is currently 13.79%.
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About Merchants Bancorp
Merchants Bancorp is a diversified bank holding bank. The Bank operate multiple lines of business with a focus on FHA multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking.
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