Analysts Offer Predictions for Merchants Bancorp’s FY2017 Earnings (MBIN)

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.

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

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