Merchants Bancorp Expected to Post Q3 2020 Earnings of $0.42 Per Share (NASDAQ:MBIN)

Merchants Bancorp (NASDAQ:MBIN) – Analysts at SunTrust Banks lowered their Q3 2020 EPS estimates for shares of Merchants Bancorp in a research report issued to clients and investors on Monday, May 18th. SunTrust Banks analyst M. Young now forecasts that the company will post earnings of $0.42 per share for the quarter, down from their prior estimate of $0.60. SunTrust Banks currently has a “Buy” rating and a $18.00 price target on the stock. SunTrust Banks also issued estimates for Merchants Bancorp’s Q4 2020 earnings at $0.40 EPS, Q1 2021 earnings at $0.81 EPS, Q2 2021 earnings at $0.31 EPS, Q3 2021 earnings at $0.44 EPS, Q4 2021 earnings at $0.43 EPS and FY2021 earnings at $2.00 EPS.

Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.20. Merchants Bancorp had a return on equity of 21.25% and a net margin of 30.85%. The company had revenue of $58.26 million for the quarter, compared to analyst estimates of $43.93 million.

Several other equities analysts also recently commented on MBIN. Raymond James upped their target price on Merchants Bancorp from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. ValuEngine cut Merchants Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Zacks Investment Research upgraded Merchants Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Saturday, May 16th. Finally, BidaskClub upgraded Merchants Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.67.

Shares of NASDAQ MBIN opened at $17.03 on Thursday. The business’s 50 day moving average price is $14.62 and its two-hundred day moving average price is $17.50. The company has a market cap of $459.59 million, a PE ratio of 6.17 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 1.09 and a debt-to-equity ratio of 0.97. Merchants Bancorp has a twelve month low of $12.37 and a twelve month high of $21.90.

Several institutional investors have recently bought and sold shares of the business. Swiss National Bank raised its holdings in shares of Merchants Bancorp by 4.4% in the 1st quarter. Swiss National Bank now owns 16,700 shares of the company’s stock worth $254,000 after purchasing an additional 700 shares during the period. Citigroup Inc. grew its position in shares of Merchants Bancorp by 44.1% during the 4th quarter. Citigroup Inc. now owns 2,929 shares of the company’s stock valued at $58,000 after purchasing an additional 897 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of Merchants Bancorp during the 4th quarter valued at $26,000. Commonwealth Equity Services LLC grew its position in shares of Merchants Bancorp by 3.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 44,371 shares of the company’s stock valued at $673,000 after purchasing an additional 1,427 shares in the last quarter. Finally, Boston Partners grew its position in Merchants Bancorp by 0.9% in the fourth quarter. Boston Partners now owns 153,314 shares of the company’s stock worth $3,022,000 after acquiring an additional 1,433 shares in the last quarter. 22.05% of the stock is currently owned by hedge funds and other institutional investors.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. The company 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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Earnings History and Estimates for Merchants Bancorp (NASDAQ:MBIN)

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