Brokerages Expect Merchants Bancorp (NASDAQ:MBIN) Will Announce Quarterly Sales of $43.71 Million

Brokerages expect Merchants Bancorp (NASDAQ:MBIN) to announce $43.71 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Merchants Bancorp’s earnings, with the highest sales estimate coming in at $44.10 million and the lowest estimate coming in at $43.32 million. Merchants Bancorp posted sales of $38.91 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.3%. The firm is expected to announce its next earnings report on Wednesday, January 29th.

According to Zacks, analysts expect that Merchants Bancorp will report full year sales of $152.73 million for the current financial year, with estimates ranging from $152.26 million to $153.20 million. For the next year, analysts expect that the company will post sales of $162.54 million, with estimates ranging from $158.80 million to $166.27 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Merchants Bancorp.

Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. Merchants Bancorp had a net margin of 27.60% and a return on equity of 15.81%. The firm had revenue of $43.48 million for the quarter, compared to analysts’ expectations of $41.95 million.

Several equities research analysts have commented on the stock. ValuEngine raised shares of Merchants Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of Merchants Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, January 7th.

Several institutional investors have recently added to or reduced their stakes in MBIN. Renaissance Technologies LLC acquired a new position in shares of Merchants Bancorp during the 2nd quarter worth about $1,165,000. Maltese Capital Management LLC acquired a new position in Merchants Bancorp in the 2nd quarter valued at about $766,000. Marshall Wace LLP acquired a new position in Merchants Bancorp in the 2nd quarter valued at about $752,000. Russell Investments Group Ltd. grew its stake in Merchants Bancorp by 14,546.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 29,292 shares of the company’s stock valued at $484,000 after buying an additional 29,092 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Merchants Bancorp in the 3rd quarter valued at about $480,000. Institutional investors own 21.43% of the company’s stock.

Shares of NASDAQ:MBIN opened at $19.13 on Friday. The company’s 50-day moving average price is $19.10 and its two-hundred day moving average price is $17.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.61. Merchants Bancorp has a one year low of $14.64 and a one year high of $24.79. The stock has a market capitalization of $549.15 million, a PE ratio of 9.76 and a beta of 1.24.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.28 annualized dividend and a yield of 1.46%. Merchants Bancorp’s dividend payout ratio (DPR) is presently 13.53%.

About Merchants Bancorp

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.

See Also: Outstanding Shares, Buying and Selling Stocks

Get a free copy of the Zacks research report on Merchants Bancorp (MBIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Merchants Bancorp (NASDAQ:MBIN)

Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.