ValuEngine upgraded shares of Merchants Bancorp (NASDAQ:MBIN) from a sell rating to a hold report released on Wednesday.
Separately, Zacks Investment Research upgraded shares of Merchants Bancorp from a sell rating to a hold report on Tuesday, November 6th. Two investment analysts have hold rating and three have assigned a buy rating to the company. Merchants Bancorp currently has a consensus rating of Buy and a consensus target price of $22.00.
Get Merchants Bancorp alerts: Merchants Bancorp stock traded up $0.80 during midday trading on Wednesday, reaching $20.98. 22,021 shares of the company traded hands, 21,074. The company has a market cap of $572.73 million, a price-to-earnings ratio of 10.65 and a beta of 1.19. Merchants Bancorp has a 12 month low of $18.85 and a 12 month high of $29.15. The company has a quick ratio of 0.73, a current ratio of 1.03 and a debt-to-equity ratio of 0.18.
Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.55 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.55. The company had revenue of $35.39 million for the quarter, compared to the consensus estimate of $35.10 million. Merchants Bancorp had a net margin of 38.21% and a return on equity of 17.63%. Sell-side analysts expect that Merchants Bancorp will post 2.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Friday, December 14th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.14%. Merchants Bancorp’s dividend payout ratio (DPR) is 12.18%.
A number of institutional investors have recently modified their holdings of MBIN. Vanguard Group Inc raised its position in Merchants Bancorp by 9.6% in the third quarter. Vanguard Group Inc now owns 661,397 shares of the company’s stock worth $16,813,000 after acquiring an additional 58,194 shares during the period. Vanguard Group Inc. raised its position in Merchants Bancorp by 9.6% in the third quarter. Vanguard Group Inc. now owns 661,397 shares of the company’s stock worth $16,813,000 after acquiring an additional 58,194 shares during the period. Teachers Advisors LLC raised its position in Merchants Bancorp by 9.0% in the third quarter. Teachers Advisors LLC now owns 33,012 shares of the company’s stock worth $839,000 after acquiring an additional 2,722 shares during the period. MetLife Investment Advisors LLC bought a new position in Merchants Bancorp in the third quarter worth approximately $312,000. Finally, Highbridge Capital Management LLC bought a new position in Merchants Bancorp in the third quarter worth approximately $326,000. Institutional investors own 22.39% of the company’s stock.
About Merchants Bancorp
Merchants Bancorp operates as a diversified bank holding company in the United States. It 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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