Merchants Bancorp (NASDAQ: MBIN) has recently received a number of price target changes and ratings updates:

  • 11/21/2017 – Merchants Bancorp is now covered by analysts at Sandler O’Neill. They set a “buy” rating and a $21.00 price target on the stock.
  • 11/21/2017 – Merchants Bancorp is now covered by analysts at Raymond James Financial, Inc.. They set an “outperform” rating and a $20.00 price target on the stock.
  • 11/21/2017 – Merchants Bancorp is now covered by analysts at Stephens. They set an “overweight” rating and a $21.00 price target on the stock.
  • 11/21/2017 – Merchants Bancorp is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $22.00 price target on the stock.

Merchants Bancorp (NASDAQ MBIN) opened at $19.31 on Wednesday. Merchants Bancorp has a 1 year low of $16.27 and a 1 year high of $20.35.

The company also recently disclosed a special dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a $0.05 dividend. The ex-dividend date is Thursday, December 14th.

In other news, CFO John F. Macke acquired 15,625 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $250,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders purchased 18,687 shares of company stock worth $298,992.

Merchants Bancorp is a diversified bank holding bank. The Bank operate multiple lines of business with a focus on FHA multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking.

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