Shares of Merchants Bancorp (NASDAQ:MBIN) hit a new 52-week high and low during trading on Thursday . The stock traded as low as $25.32 and last traded at $25.06, with a volume of 1298 shares trading hands. The stock had previously closed at $24.45.
A number of research firms have commented on MBIN. ValuEngine lowered Merchants Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research raised Merchants Bancorp from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, April 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.60.
The company has a debt-to-equity ratio of 0.17, a current ratio of 0.98 and a quick ratio of 0.64. The company has a market capitalization of $678.28 million and a P/E ratio of 12.79.
Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings data on Monday, April 30th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $31.42 million during the quarter, compared to analyst estimates of $26.95 million. equities research analysts anticipate that Merchants Bancorp will post 2.14 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company acquired a new position in Merchants Bancorp in the fourth quarter worth $116,000. Teachers Advisors LLC bought a new stake in shares of Merchants Bancorp during the fourth quarter worth $164,000. Citadel Advisors LLC bought a new stake in shares of Merchants Bancorp during the fourth quarter worth $205,000. Wells Fargo & Company MN bought a new stake in shares of Merchants Bancorp during the fourth quarter worth $218,000. Finally, TIAA CREF Investment Management LLC bought a new stake in shares of Merchants Bancorp during the fourth quarter worth $220,000. 21.39% of the stock is currently owned by institutional investors.
Merchants Bancorp Company Profile
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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