Analysts predict that Merchants Bancorp (NASDAQ:MBIN) will announce $35.60 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Merchants Bancorp’s earnings. The lowest sales estimate is $35.10 million and the highest is $36.10 million. The firm is scheduled to announce its next quarterly earnings results on Monday, July 30th.
On average, analysts expect that Merchants Bancorp will report full-year sales of $136.45 million for the current financial year, with estimates ranging from $135.50 million to $137.40 million. For the next year, analysts forecast that the firm will report sales of $154.90 million per share, with estimates ranging from $152.70 million to $157.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last released its earnings results on Monday, April 30th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.06. The business had revenue of $31.42 million during the quarter, compared to analysts’ expectations of $26.95 million.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of 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. ValuEngine lowered shares of Merchants Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $21.60.
Merchants Bancorp traded down $0.02, hitting $28.22, during midday trading on Friday, according to Marketbeat.com. 1,285,600 shares of the company traded hands, compared to its average volume of 72,925. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.68 and a current ratio of 1.03. The stock has a market capitalization of $827.77 million and a P/E ratio of 14.34. Merchants Bancorp has a 52 week low of $16.27 and a 52 week high of $29.15.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.85%. Merchants Bancorp’s payout ratio is currently 12.18%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company purchased a new stake in shares of Merchants Bancorp during the fourth quarter worth about $116,000. Teachers Advisors LLC acquired a new position in Merchants Bancorp in the fourth quarter valued at approximately $164,000. Citadel Advisors LLC acquired a new position in Merchants Bancorp in the fourth quarter valued at approximately $205,000. Wells Fargo & Company MN acquired a new position in Merchants Bancorp in the fourth quarter valued at approximately $218,000. Finally, TIAA CREF Investment Management LLC acquired a new position in shares of Merchants Bancorp during the 4th quarter worth approximately $220,000. Institutional investors own 21.19% of the company’s stock.
Merchants Bancorp Company Profile
Merchants Bancorp operates as a diversified bank holding company in the United States. It operates in three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
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