Zacks: Merchants Bancorp (MBIN) Given Average Rating of “Strong Buy” by Analysts

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

Analysts have set a one year consensus price target of $22.50 for the company and are forecasting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also given Merchants Bancorp an industry rank of 30 out of 265 based on the ratings given to related companies.

MBIN has been the subject of a number of analyst reports. SunTrust Banks initiated coverage on Merchants Bancorp in a report on Tuesday, November 21st. They issued a “buy” rating and a $22.00 price target for the company. Stephens initiated coverage on Merchants Bancorp in a report on Tuesday, November 21st. They issued an “overweight” rating and a $21.00 price target for the company. Raymond James Financial initiated coverage on Merchants Bancorp in a report on Tuesday, November 21st. They issued an “outperform” rating and a $20.00 price target for the company. Sandler O’Neill initiated coverage on Merchants Bancorp in a report on Tuesday, November 21st. They issued a “buy” rating and a $21.00 price target for the company. Finally, Zacks Investment Research raised Merchants Bancorp from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a report on Wednesday, January 24th.

Merchants Bancorp (MBIN) traded up $0.30 during trading on Tuesday, hitting $20.85. The company had a trading volume of 14,800 shares, compared to its average volume of 42,346. 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 $22.00.

Merchants Bancorp (NASDAQ:MBIN) last announced 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 analysts anticipate that Merchants Bancorp will post 2.09 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Merchants Bancorp in the fourth quarter valued at approximately $116,000. Teachers Advisors LLC purchased a new stake in shares of Merchants Bancorp in the fourth quarter valued at approximately $164,000. Citadel Advisors LLC purchased a new stake in shares of Merchants Bancorp in the fourth quarter valued at approximately $205,000. Wells Fargo & Company MN purchased a new stake in shares of Merchants Bancorp in the fourth quarter valued at approximately $218,000. Finally, TIAA CREF Investment Management LLC purchased a new stake in shares of Merchants Bancorp in the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds own 6.85% of the company’s stock.

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Merchants Bancorp Company Profile

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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