Analysts expect that Merchants Bancorp (NASDAQ:MBIN) will report $26.95 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Merchants Bancorp’s earnings, with the highest sales estimate coming in at $28.10 million and the lowest estimate coming in at $25.80 million. The company is scheduled to announce its next earnings report on Thursday, May 10th.
On average, analysts expect that Merchants Bancorp will report full-year sales of $26.95 million for the current financial year, with estimates ranging from $127.50 million to $131.60 million. For the next year, analysts expect that the firm will post sales of $145.80 million per share, with estimates ranging from $144.60 million to $147.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.08. The company had revenue of $33.86 million for the quarter, compared to analyst estimates of $26.89 million.
Several research analysts have weighed in on the company. Zacks Investment Research lowered Merchants Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. SunTrust Banks reissued a “buy” rating and set a $23.00 target price on shares of Merchants Bancorp in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Merchants Bancorp has a consensus rating of “Buy” and an average price target of $22.00.
NASDAQ:MBIN opened at $21.39 on Monday. The company has a market cap of $613.72 and a price-to-earnings ratio of 10.86. Merchants Bancorp has a twelve month low of $16.27 and a twelve month high of $23.76. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 0.17.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 14th. This is a positive change 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%. Merchants Bancorp’s payout ratio is presently 12.18%.
Several hedge funds have recently bought and sold shares of the stock. Fairfield Bush & CO. acquired a new position in shares of Merchants Bancorp during the 4th quarter worth approximately $433,000. Millennium Management LLC acquired a new position in shares of Merchants Bancorp during the 4th quarter worth approximately $922,000. TIAA CREF Investment Management LLC acquired a new position in shares of Merchants Bancorp during the 4th quarter worth approximately $220,000. Teachers Advisors LLC acquired a new position in shares of Merchants Bancorp during the 4th quarter worth approximately $164,000. Finally, California State Teachers Retirement System acquired a new position in shares of Merchants Bancorp during the 4th quarter worth approximately $225,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.
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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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