Equities researchers at Sandler O’Neill assumed coverage on shares of Merchants Bcp (NASDAQ:MBIN) in a research note issued on Tuesday, The Fly reports. The brokerage set a “buy” rating on the stock.

MBIN has been the subject of a number of other reports. SunTrust Banks, Inc. initiated coverage on Merchants Bcp in a research report on Tuesday. They issued a “buy” rating and a $22.00 target price for the company. Stephens initiated coverage on Merchants Bcp in a research report on Tuesday. They issued an “overweight” rating and a $21.00 target price for the company. Finally, Raymond James Financial, Inc. initiated coverage on Merchants Bcp in a research report on Tuesday. They issued an “outperform” rating for the company.

Merchants Bcp (NASDAQ:MBIN) traded down $0.17 during trading hours on Tuesday, reaching $17.51. The company’s stock had a trading volume of 41,076 shares, compared to its average volume of 89,938. Merchants Bcp has a twelve month low of $16.27 and a twelve month high of $19.16.

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In other news, CFO John F. Macke bought 15,625 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was acquired at an average cost of $16.00 per share, with a total value of $250,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 18,687 shares of company stock valued at $298,992 over the last three months.

The Fly

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