$96.09 Million in Sales Expected for Merchants Bancorp (NASDAQ:MBIN) This Quarter

Brokerages forecast that Merchants Bancorp (NASDAQ:MBIN) will report $96.09 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Merchants Bancorp’s earnings, with the highest sales estimate coming in at $99.00 million and the lowest estimate coming in at $90.90 million. Merchants Bancorp reported sales of $111.96 million during the same quarter last year, which indicates a negative year-over-year growth rate of 14.2%. The firm is scheduled to issue its next quarterly earnings report on Thursday, January 27th.

According to Zacks, analysts expect that Merchants Bancorp will report full year sales of $409.69 million for the current fiscal year, with estimates ranging from $397.00 million to $422.00 million. For the next fiscal year, analysts anticipate that the company will post sales of $376.62 million, with estimates ranging from $367.60 million to $388.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Merchants Bancorp.

Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings results on Wednesday, October 27th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.36. Merchants Bancorp had a net margin of 49.61% and a return on equity of 34.37%.

Several equities analysts have issued reports on MBIN shares. Zacks Investment Research raised shares of Merchants Bancorp from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a report on Wednesday, November 3rd. Raymond James increased their price objective on shares of Merchants Bancorp from $49.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 2nd.

Shares of NASDAQ:MBIN traded down $0.46 during midday trading on Thursday, reaching $48.58. The company’s stock had a trading volume of 28,786 shares, compared to its average volume of 55,262. The firm has a market capitalization of $1.40 billion, a PE ratio of 6.58 and a beta of 1.03. Merchants Bancorp has a twelve month low of $25.81 and a twelve month high of $49.50. The stock has a fifty day moving average of $42.72 and a 200 day moving average of $40.48. The company has a quick ratio of 0.70, a current ratio of 1.09 and a debt-to-equity ratio of 1.08.

Merchants Bancorp shares are going to split on Tuesday, January 18th. The 3-2 split was announced on Tuesday, January 18th. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, January 18th.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 3rd. Stockholders of record on Wednesday, December 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Tuesday, December 14th. Merchants Bancorp’s dividend payout ratio (DPR) is 4.88%.

In other news, Vice Chairman Randall D. Rogers sold 7,790 shares of the firm’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $45.72, for a total value of $356,158.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael J. Dunlap sold 1,200 shares of Merchants Bancorp stock in a transaction that occurred on Tuesday, November 16th. The stock was sold at an average price of $28.00, for a total transaction of $33,600.00. The disclosure for this sale can be found here. Insiders sold 34,294 shares of company stock valued at $1,591,301 over the last quarter. Company insiders own 41.97% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in Merchants Bancorp by 2.7% during the third quarter. Bank of New York Mellon Corp now owns 137,023 shares of the company’s stock worth $5,407,000 after purchasing an additional 3,568 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Merchants Bancorp by 72.7% during the third quarter. BNP Paribas Arbitrage SA now owns 2,856 shares of the company’s stock worth $113,000 after purchasing an additional 1,202 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Merchants Bancorp by 101.6% during the third quarter. Two Sigma Advisers LP now owns 37,700 shares of the company’s stock worth $1,488,000 after purchasing an additional 19,000 shares during the last quarter. Two Sigma Investments LP increased its position in Merchants Bancorp by 37.6% in the third quarter. Two Sigma Investments LP now owns 21,417 shares of the company’s stock worth $845,000 after buying an additional 5,847 shares during the period. Finally, Maltese Capital Management LLC increased its position in Merchants Bancorp by 52.9% in the third quarter. Maltese Capital Management LLC now owns 153,000 shares of the company’s stock worth $6,039,000 after buying an additional 52,955 shares during the period. 54.22% of the stock is owned by institutional investors.

Merchants Bancorp Company Profile

Merchants Bancorp (Indiana) is a bank holding company, which specializes in a multiple lines of business in banking and finance. It operates through the following segments: Multi-family Mortgage Banking; Mortgage Warehousing and Banking. The Multi-family Mortgage Banking segment engaged in mortgage banking, specializing in originating and servicing loans for multi-family rental housing and healthcare facility financing, particularly for senior living properties.

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

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