ValuEngine Lowers Merchants Bancorp (MBIN) to Sell

Merchants Bancorp (NASDAQ:MBIN) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, ValuEngine reports.

Separately, Zacks Investment Research upgraded Merchants Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 1st.

Shares of NASDAQ MBIN opened at $21.42 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.13 and a quick ratio of 0.79. The company has a market cap of $614.84 million, a PE ratio of 10.35 and a beta of 0.96. Merchants Bancorp has a 12-month low of $18.85 and a 12-month high of $29.15.

Merchants Bancorp (NASDAQ:MBIN) last released its earnings results on Tuesday, April 30th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). The firm had revenue of $27.80 million during the quarter, compared to analyst estimates of $35.95 million. Merchants Bancorp had a return on equity of 15.73% and a net margin of 30.23%. On average, analysts predict that Merchants Bancorp will post 2.14 earnings per share for the current year.

Several large investors have recently made changes to their positions in MBIN. Martingale Asset Management L P acquired a new stake in shares of Merchants Bancorp during the 4th quarter valued at $1,546,000. Vanguard Group Inc lifted its position in shares of Merchants Bancorp by 9.6% during the 3rd quarter. Vanguard Group Inc now owns 661,397 shares of the company’s stock valued at $16,813,000 after acquiring an additional 58,194 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Merchants Bancorp by 9.6% during the 3rd quarter. Vanguard Group Inc. now owns 661,397 shares of the company’s stock valued at $16,813,000 after acquiring an additional 58,194 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Merchants Bancorp during the 1st quarter valued at $867,000. Finally, Basswood Capital Management L.L.C. lifted its position in shares of Merchants Bancorp by 21.9% during the 4th quarter. Basswood Capital Management L.L.C. now owns 214,110 shares of the company’s stock valued at $4,274,000 after acquiring an additional 38,517 shares during the last quarter. Institutional investors own 22.19% of the company’s stock.

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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