Merchants Bancorp (NASDAQ:MBIN) Expected to Announce Earnings of $0.58 Per Share

Posted by Chris Copeland on Dec 1st, 2019

Wall Street analysts expect Merchants Bancorp (NASDAQ:MBIN) to post earnings per share (EPS) of $0.58 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Merchants Bancorp’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.58. Merchants Bancorp reported earnings of $0.51 per share in the same quarter last year, which would indicate a positive year over year growth rate of 13.7%. The business is scheduled to announce its next quarterly earnings report on Wednesday, January 29th.

On average, analysts expect that Merchants Bancorp will report full year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $2.03. For the next financial year, analysts forecast that the business will post earnings of $1.88 per share, with EPS estimates ranging from $1.84 to $1.92. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Merchants Bancorp.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. The firm had revenue of $43.48 million for the quarter, compared to analyst estimates of $41.95 million. Merchants Bancorp had a return on equity of 15.81% and a net margin of 27.60%.

Several research firms recently commented on MBIN. Raymond James reduced their price target on Merchants Bancorp from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. ValuEngine raised Merchants Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research raised Merchants Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th.

In related news, insider Michael R. Dury purchased 12,000 shares of Merchants Bancorp stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average cost of $16.71 per share, with a total value of $200,520.00. Insiders own 43.42% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC acquired a new position in Merchants Bancorp during the 3rd quarter worth approximately $480,000. Public Employees Retirement System of Ohio raised its position in shares of Merchants Bancorp by 110.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,110 shares of the company’s stock valued at $101,000 after purchasing an additional 3,200 shares in the last quarter. Mackay Shields LLC raised its position in shares of Merchants Bancorp by 46.9% in the 3rd quarter. Mackay Shields LLC now owns 23,800 shares of the company’s stock valued at $394,000 after purchasing an additional 7,600 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Merchants Bancorp by 14,546.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 29,292 shares of the company’s stock valued at $484,000 after purchasing an additional 29,092 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Merchants Bancorp by 7.1% in the 3rd quarter. Rhumbline Advisers now owns 16,784 shares of the company’s stock valued at $278,000 after purchasing an additional 1,107 shares in the last quarter. 21.43% of the stock is currently owned by hedge funds and other institutional investors.

Merchants Bancorp stock traded down $0.23 during midday trading on Friday, hitting $17.98. 58,135 shares of the company were exchanged, compared to its average volume of 84,428. The company’s fifty day moving average price is $17.05 and its 200-day moving average price is $17.24. The company has a market cap of $522.74 million, a PE ratio of 8.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.61. Merchants Bancorp has a fifty-two week low of $14.64 and a fifty-two week high of $24.79.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 12th. Merchants Bancorp’s dividend payout ratio (DPR) is presently 13.53%.

Merchants Bancorp Company Profile

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.