Equities analysts expect that Merchants Bancorp (NASDAQ:MBIN – Get Rating) will post sales of $95.78 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Merchants Bancorp’s earnings. The lowest sales estimate is $91.00 million and the highest is $100.00 million. Merchants Bancorp reported sales of $97.26 million in the same quarter last year, which would suggest a negative year over year growth rate of 1.5%. The firm is expected to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Merchants Bancorp will report full-year sales of $396.20 million for the current year, with estimates ranging from $382.00 million to $419.90 million. For the next fiscal year, analysts expect that the business will report sales of $419.19 million, with estimates ranging from $402.00 million to $446.10 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN – Get Rating) last issued its earnings results on Thursday, April 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.02. Merchants Bancorp had a net margin of 47.17% and a return on equity of 28.10%. The firm had revenue of $100.32 million during the quarter, compared to analysts’ expectations of $100.40 million.
MBIN traded up $0.21 on Friday, reaching $24.92. 41,665 shares of the company’s stock were exchanged, compared to its average volume of 61,746. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a market cap of $1.08 billion, a PE ratio of 4.98 and a beta of 1.06. The stock’s fifty day moving average price is $25.35 and its 200-day moving average price is $28.64. Merchants Bancorp has a twelve month low of $22.11 and a twelve month high of $33.57.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.12%. Merchants Bancorp’s dividend payout ratio is currently 5.60%.
In related news, CEO Michael R. Dury bought 4,500 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were acquired at an average cost of $23.26 per share, with a total value of $104,670.00. Following the completion of the transaction, the chief executive officer now owns 93,260 shares of the company’s stock, valued at $2,169,227.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Randall D. Rogers purchased 12,145 shares of Merchants Bancorp stock in a transaction on Tuesday, March 15th. The shares were acquired at an average cost of $24.50 per share, for a total transaction of $297,552.50. The disclosure for this purchase can be found here. 40.75% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Sonen Capital LLC acquired a new position in Merchants Bancorp during the fourth quarter valued at approximately $284,000. Peloton Wealth Strategists acquired a new position in Merchants Bancorp during the fourth quarter valued at approximately $225,000. Seizert Capital Partners LLC acquired a new position in Merchants Bancorp during the fourth quarter valued at approximately $2,067,000. New York State Common Retirement Fund lifted its position in Merchants Bancorp by 14.8% during the fourth quarter. New York State Common Retirement Fund now owns 15,479 shares of the company’s stock valued at $733,000 after buying an additional 2,000 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in Merchants Bancorp by 20.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 150,200 shares of the company’s stock valued at $7,109,000 after buying an additional 25,703 shares in the last quarter. 14.78% of the stock is currently owned by hedge funds and other institutional investors.
Merchants Bancorp Company Profile (Get Rating)
Merchants Bancorp operates as the diversified bank holding company in the United States. The company 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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