Equities Analysts Offer Predictions for Merchants Bancorp’s Q4 2018 Earnings (MBIN)

Merchants Bancorp (NASDAQ:MBIN) – Research analysts at SunTrust Banks lifted their Q4 2018 earnings estimates for shares of Merchants Bancorp in a research report issued on Monday. SunTrust Banks analyst M. Young now anticipates that the company will post earnings of $0.59 per share for the quarter, up from their previous estimate of $0.54. SunTrust Banks currently has a “Buy” rating and a $23.00 target price on the stock. SunTrust Banks also issued estimates for Merchants Bancorp’s Q1 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.60 EPS and Q4 2019 earnings at $0.68 EPS.

MBIN has been the subject of a number of other reports. Stephens began coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They set an “overweight” rating and a $21.00 price objective for the company. Raymond James Financial began coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They set an “outperform” rating and a $20.00 price objective for the company. Zacks Investment Research raised shares of Merchants Bancorp from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Wednesday, January 24th. Finally, Sandler O’Neill began coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They set a “buy” rating and a $21.00 price objective for the company. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $22.00.

Merchants Bancorp (NASDAQ:MBIN) traded up $0.08 during trading hours on Tuesday, hitting $20.10. 21,300 shares of the stock were exchanged, compared to its average volume of 45,060. Merchants Bancorp has a one year low of $16.27 and a one year high of $22.00. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.28.

Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01).

Several large investors have recently added to or reduced their stakes in MBIN. BlackRock Inc. bought a new position in shares of Merchants Bancorp during the 4th quarter worth about $6,327,000. Baird Financial Group Inc. bought a new position in shares of Merchants Bancorp during the 4th quarter worth about $3,082,000. Bank of New York Mellon Corp bought a new position in shares of Merchants Bancorp during the 4th quarter worth about $389,000. Valeo Financial Advisors LLC bought a new position in shares of Merchants Bancorp during the 4th quarter worth about $279,000. Finally, Wells Fargo & Company MN bought a new position in shares of Merchants Bancorp during the 4th quarter worth about $218,000. 2.62% of the stock is owned by institutional investors.

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About Merchants Bancorp

Merchants Bancorp is a diversified bank holding bank. The Bank operate multiple lines of business with a focus on FHA multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking.

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

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