$26.95 Million in Sales Expected for Merchants Bancorp (MBIN) This Quarter

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.

How to Become a New Pot Stock Millionaire

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.

ILLEGAL ACTIVITY NOTICE: “$26.95 Million in Sales Expected for Merchants Bancorp (MBIN) This Quarter” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/04/09/26-95-million-in-sales-expected-for-merchants-bancorp-mbin-this-quarter.html.

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.

Get a free copy of the Zacks research report on Merchants Bancorp (MBIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply