Merchants Bancorp (NASDAQ:MBIN) Issues Earnings Results

Merchants Bancorp (NASDAQ:MBIN) posted its quarterly earnings data on Monday. The company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.08), Yahoo Finance reports. Merchants Bancorp had a net margin of 23.14% and a return on equity of 26.78%. The company had revenue of $359.62 million for the quarter, compared to the consensus estimate of $160.70 million. During the same quarter last year, the company earned $1.31 earnings per share.

Merchants Bancorp Price Performance

NASDAQ:MBIN opened at $45.00 on Thursday. Merchants Bancorp has a 52-week low of $25.78 and a 52-week high of $53.27. The company has a quick ratio of 0.81, a current ratio of 1.06 and a debt-to-equity ratio of 1.44. The firm has a market cap of $1.95 billion, a P/E ratio of 7.06 and a beta of 1.12. The business’s 50-day moving average price is $42.58 and its 200 day moving average price is $42.12.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.36 annualized dividend and a yield of 0.80%. Merchants Bancorp’s dividend payout ratio is currently 5.65%.

Analysts Set New Price Targets

MBIN has been the subject of several analyst reports. Piper Sandler reiterated an “overweight” rating and set a $56.00 price objective (down from $58.50) on shares of Merchants Bancorp in a research report on Friday, May 17th. Raymond James downgraded shares of Merchants Bancorp from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $55.00 to $58.00 in a research report on Tuesday.

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.