Equities analysts expect Merchants Bancorp (NASDAQ:MBIN) to announce earnings of $0.40 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Merchants Bancorp’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.37. The business is scheduled to announce its next quarterly earnings report on Thursday, May 10th.
On average, analysts expect that Merchants Bancorp will report full-year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.03 to $2.18. For the next fiscal year, analysts forecast that the business will report earnings of $2.45 per share, with EPS estimates ranging from $2.42 to $2.48. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last released its earnings results on Thursday, February 8th. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.08. The company had revenue of $33.86 million for the quarter, compared to the consensus estimate of $26.89 million.
A number of research analysts have recently weighed in on MBIN shares. SunTrust Banks reissued a “buy” rating and set a $23.00 target price on shares of Merchants Bancorp in a research report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Merchants Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Merchants Bancorp currently has a consensus rating of “Buy” and a consensus target price of $22.00.
Merchants Bancorp stock opened at $21.39 on Friday. Merchants Bancorp has a twelve month low of $16.27 and a twelve month high of $23.76. The company has a market cap of $596.80 and a PE ratio of 10.86. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 0.17.
The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were given a dividend of $0.06 per share. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Wednesday, March 14th. Merchants Bancorp’s dividend payout ratio is currently 12.18%.
Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new position in Merchants Bancorp in the 4th quarter worth approximately $116,000. Teachers Advisors LLC bought a new position in Merchants Bancorp in the 4th quarter worth approximately $164,000. Citadel Advisors LLC bought a new position in Merchants Bancorp in the 4th quarter worth approximately $205,000. Wells Fargo & Company MN bought a new position in Merchants Bancorp in the 4th quarter worth approximately $218,000. Finally, TIAA CREF Investment Management LLC bought a new position in Merchants Bancorp in the 4th quarter worth approximately $220,000. 21.09% of the stock is owned by hedge funds and other institutional investors.
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About Merchants Bancorp
Merchants Bancorp operates as a bank holding company for Merchants Bank of Indiana that provides various banking products and services in the United States. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
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