Merchants Bancorp (MBIN) Announces Earnings Results

Merchants Bancorp (NASDAQ:MBIN) posted its earnings results on Tuesday. The company reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55, MarketWatch Earnings reports. Merchants Bancorp had a return on equity of 17.95% and a net margin of 37.97%. The company had revenue of $35.39 million for the quarter, compared to the consensus estimate of $35.10 million.

MBIN stock traded up $0.59 during trading on Wednesday, reaching $22.77. The stock had a trading volume of 2,003 shares, compared to its average volume of 31,684. Merchants Bancorp has a 52 week low of $17.00 and a 52 week high of $29.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.73 and a current ratio of 1.03. The company has a market cap of $653.94 million and a price-to-earnings ratio of 11.56.

The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Saturday, September 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Thursday, September 13th. Merchants Bancorp’s dividend payout ratio is 12.18%.

MBIN has been the topic of a number of recent research reports. Sandler O’Neill reissued a “buy” rating on shares of Merchants Bancorp in a report on Thursday, August 2nd. Stephens downgraded Merchants Bancorp from an “overweight” rating to an “equal weight” rating and set a $21.00 target price on the stock. in a report on Wednesday, July 11th. Finally, Zacks Investment Research raised Merchants Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $21.60.

A hedge fund recently raised its stake in Merchants Bancorp stock. Bank of New York Mellon Corp raised its position in Merchants Bancorp (NASDAQ:MBIN) by 99.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,092 shares of the company’s stock after acquiring an additional 27,028 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.19% of Merchants Bancorp worth $1,544,000 at the end of the most recent quarter. 22.45% of the stock is owned by institutional investors.

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.

Recommended Story: Fundamental Analysis

Earnings History for Merchants Bancorp (NASDAQ:MBIN)

Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with's FREE daily email newsletter.

Leave a Reply