Analysts forecast that Merchants Bancorp (NASDAQ:MBIN) will announce $35.95 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Merchants Bancorp’s earnings, with the lowest sales estimate coming in at $35.80 million and the highest estimate coming in at $36.10 million. Merchants Bancorp posted sales of $31.42 million in the same quarter last year, which suggests a positive year over year growth rate of 14.4%. The firm is scheduled to announce its next earnings results on Monday, April 29th.
According to Zacks, analysts expect that Merchants Bancorp will report full year sales of $152.80 million for the current fiscal year. For the next financial year, analysts expect that the business will report sales of $164.15 million, with estimates ranging from $162.80 million to $165.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last released its earnings results on Wednesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.04). Merchants Bancorp had a return on equity of 17.53% and a net margin of 33.07%. The company had revenue of $38.91 million during the quarter, compared to analyst estimates of $36.05 million.
A number of brokerages have weighed in on MBIN. ValuEngine raised shares of Merchants Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Zacks Investment Research lowered shares of Merchants Bancorp from a “buy” rating to a “sell” rating in a research note on Wednesday, January 9th.
Shares of MBIN stock opened at $23.78 on Friday. The company has a market cap of $669.00 million, a price-to-earnings ratio of 11.49 and a beta of 0.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.79 and a current ratio of 1.05. Merchants Bancorp has a fifty-two week low of $18.85 and a fifty-two week high of $29.15.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.18%. This is a positive change from Merchants Bancorp’s previous quarterly dividend of $0.06. Merchants Bancorp’s dividend payout ratio (DPR) is currently 13.53%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Valeo Financial Advisors LLC raised its stake in shares of Merchants Bancorp by 2.0% during the first quarter. Valeo Financial Advisors LLC now owns 46,683 shares of the company’s stock valued at $1,004,000 after purchasing an additional 930 shares during the period. Geode Capital Management LLC increased its stake in shares of Merchants Bancorp by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 184,428 shares of the company’s stock worth $3,681,000 after buying an additional 20,696 shares during the last quarter. Context BH Capital Management LP increased its stake in shares of Merchants Bancorp by 124.9% in the fourth quarter. Context BH Capital Management LP now owns 22,693 shares of the company’s stock worth $453,000 after buying an additional 12,601 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Merchants Bancorp by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,589 shares of the company’s stock worth $112,000 after buying an additional 4,365 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Merchants Bancorp by 94.3% in the fourth quarter. Bank of America Corp DE now owns 10,242 shares of the company’s stock worth $205,000 after buying an additional 4,972 shares during the last quarter. Institutional investors own 22.25% of the company’s stock.
About Merchants Bancorp
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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