Merchants Bancorp (NASDAQ:MBIN) Releases Quarterly Earnings Results, Beats Estimates By $0.43 EPS

Merchants Bancorp (NASDAQ:MBIN) released its quarterly earnings results on Monday. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.43, Yahoo Finance reports. Merchants Bancorp had a return on equity of 25.38% and a net margin of 23.42%.

Merchants Bancorp Price Performance

Shares of Merchants Bancorp stock opened at $39.27 on Tuesday. Merchants Bancorp has a one year low of $21.50 and a one year high of $48.68. The stock’s fifty day moving average is $41.19 and its 200 day moving average is $38.44. The stock has a market cap of $1.70 billion, a P/E ratio of 6.96 and a beta of 1.18. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.77 and a current ratio of 0.99.

Merchants Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $0.09 dividend. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, March 14th. Merchants Bancorp’s dividend payout ratio (DPR) is currently 6.38%.

Analyst Upgrades and Downgrades

Separately, Raymond James increased their price target on Merchants Bancorp from $44.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 30th.

About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.