Stock analysts at Raymond James Financial, Inc. initiated coverage on shares of Merchants Bcp (NASDAQ:MBIN) in a report released on Tuesday. The brokerage set an “outperform” rating on the stock.

Several other analysts also recently issued reports on MBIN. Stephens began coverage on Merchants Bcp in a report on Tuesday. They issued an “overweight” rating on the stock. SunTrust Banks, Inc. began coverage on Merchants Bcp in a report on Tuesday. They issued a “buy” rating on the stock.

Shares of Merchants Bcp (NASDAQ MBIN) traded up $0.05 during midday trading on Tuesday, hitting $17.68. The company had a trading volume of 35,900 shares, compared to its average volume of 89,938. Merchants Bcp has a 1-year low of $16.27 and a 1-year high of $19.16.

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In other Merchants Bcp news, CFO John F. Macke bought 15,625 shares of the business’s stock in a transaction on Friday, October 27th. The shares were purchased at an average price of $16.00 per share, with a total value of $250,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders have acquired a total of 18,687 shares of company stock worth $298,992 in the last ninety days.

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