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.
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