Wall Street brokerages expect Merchants Bancorp (NASDAQ:MBIN) to post earnings per share of $0.55 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Merchants Bancorp’s earnings, with estimates ranging from $0.53 to $0.56. Merchants Bancorp posted earnings per share of $0.45 in the same quarter last year, which indicates a positive year over year growth rate of 22.2%. The business is expected to issue its next quarterly earnings report on Thursday, December 6th.
According to Zacks, analysts expect that Merchants Bancorp will report full year earnings of $2.15 per share for the current financial year, with EPS estimates ranging from $2.10 to $2.22. For the next financial year, analysts forecast that the business will report earnings of $2.44 per share, with EPS estimates ranging from $2.40 to $2.52. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last released its earnings results on Monday, July 30th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.06). Merchants Bancorp had a return on equity of 17.95% and a net margin of 37.97%. The company had revenue of $33.84 million during the quarter, compared to analyst estimates of $35.60 million.
Shares of MBIN traded down $1.16 during mid-day trading on Friday, hitting $23.14. The company had a trading volume of 75,324 shares, compared to its average volume of 68,279. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.73 and a current ratio of 1.03. Merchants Bancorp has a 1-year low of $16.27 and a 1-year high of $29.15. The stock has a market capitalization of $729.40 million and a PE ratio of 11.75.
The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Saturday, September 15th were given a $0.06 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.04%. Merchants Bancorp’s dividend payout ratio is presently 12.18%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MBIN. Janus Henderson Group PLC acquired a new stake in shares of Merchants Bancorp in the second quarter worth approximately $17,952,000. BlackRock Inc. lifted its position in Merchants Bancorp by 141.8% during the second quarter. BlackRock Inc. now owns 808,544 shares of the company’s stock valued at $23,067,000 after buying an additional 474,220 shares in the last quarter. Northern Trust Corp lifted its position in Merchants Bancorp by 111.4% during the second quarter. Northern Trust Corp now owns 164,266 shares of the company’s stock valued at $4,687,000 after buying an additional 86,547 shares in the last quarter. First Trust Advisors LP acquired a new position in Merchants Bancorp during the second quarter valued at approximately $1,157,000. Finally, Millennium Management LLC lifted its position in Merchants Bancorp by 111.1% during the second quarter. Millennium Management LLC now owns 71,157 shares of the company’s stock valued at $2,030,000 after buying an additional 37,443 shares in the last quarter. 22.45% of the stock is currently owned by institutional investors and hedge funds.
Merchants Bancorp Company Profile
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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