Wall Street brokerages expect Merchants Bancorp (NASDAQ:MBIN) to report $42.46 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Merchants Bancorp’s earnings, with the lowest sales estimate coming in at $31.60 million and the highest estimate coming in at $48.77 million. Merchants Bancorp posted sales of $27.80 million during the same quarter last year, which suggests a positive year over year growth rate of 52.7%. The business is expected to report its next quarterly earnings report on Tuesday, May 5th.
On average, analysts expect that Merchants Bancorp will report full-year sales of $179.50 million for the current year, with estimates ranging from $158.80 million to $192.00 million. For the next fiscal year, analysts expect that the firm will report sales of $191.38 million, with estimates ranging from $169.80 million to $203.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.34. The firm had revenue of $60.32 million during the quarter, compared to analysts’ expectations of $43.71 million. Merchants Bancorp had a return on equity of 19.24% and a net margin of 29.85%.
MBIN has been the subject of a number of recent research reports. ValuEngine cut Merchants Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. BidaskClub upgraded Merchants Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded Merchants Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, January 7th. Finally, Raymond James lifted their price objective on Merchants Bancorp from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd.
A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in Merchants Bancorp by 161.6% in the 2nd quarter. Bank of America Corp DE now owns 32,328 shares of the company’s stock valued at $551,000 after buying an additional 19,969 shares during the last quarter. Royal Bank of Canada grew its position in Merchants Bancorp by 71.1% in the 2nd quarter. Royal Bank of Canada now owns 3,250 shares of the company’s stock valued at $55,000 after buying an additional 1,350 shares during the last quarter. Valeo Financial Advisors LLC grew its position in Merchants Bancorp by 1.4% in the 3rd quarter. Valeo Financial Advisors LLC now owns 57,350 shares of the company’s stock valued at $949,000 after buying an additional 767 shares during the last quarter. Rhumbline Advisers grew its position in Merchants Bancorp by 7.1% in the 3rd quarter. Rhumbline Advisers now owns 16,784 shares of the company’s stock valued at $278,000 after buying an additional 1,107 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position 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. Hedge funds and other institutional investors own 21.39% of the company’s stock.
Merchants Bancorp stock traded down $0.17 during midday trading on Friday, reaching $21.12. 23,602 shares of the company were exchanged, compared to its average volume of 31,381. The company has a market capitalization of $606.27 million, a price-to-earnings ratio of 8.91 and a beta of 1.24. The firm’s 50-day simple moving average is $19.68 and its 200-day simple moving average is $17.71. Merchants Bancorp has a 1 year low of $14.64 and a 1 year high of $24.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.07.
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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