Sandler O’Neill Begins Coverage on Merchants Bcp (MBIN)
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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