Zacks: Analysts Set $22.50 Target Price for Merchants Bancorp (MBIN)

Merchants Bancorp (NASDAQ:MBIN) has received an average broker rating score of 1.25 (Strong Buy) from the four analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and three have given a strong buy recommendation to the company.

Brokerages have set a 1 year consensus price objective of $22.50 for the company and are predicting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Merchants Bancorp an industry rank of 14 out of 265 based on the ratings given to its competitors.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Merchants Bancorp from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a research note on Wednesday, January 24th. SunTrust Banks reissued a “buy” rating and issued a $23.00 price target on shares of Merchants Bancorp in a research note on Tuesday, January 9th. Sandler O’Neill assumed coverage on shares of Merchants Bancorp in a research note on Tuesday, November 21st. They issued a “buy” rating and a $21.00 price target for the company. Raymond James Financial assumed coverage on shares of Merchants Bancorp in a research note on Tuesday, November 21st. They issued an “outperform” rating and a $20.00 price target for the company. Finally, Stephens assumed coverage on shares of Merchants Bancorp in a research note on Tuesday, November 21st. They issued an “overweight” rating and a $21.00 price target for the company.

Merchants Bancorp (NASDAQ MBIN) traded down $0.66 during mid-day trading on Tuesday, reaching $20.41. 26,838 shares of the company were exchanged, compared to its average volume of 51,657. Merchants Bancorp has a 12 month low of $16.27 and a 12 month high of $22.00. The company has a market capitalization of $592.64 and a P/E ratio of 14.08. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.28.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). equities research analysts anticipate that Merchants Bancorp will post 1.82 earnings per share for the current year.

The firm also recently announced a special dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, December 14th. Merchants Bancorp’s dividend payout ratio is 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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