Merchants Bancorp (NASDAQ:MBIN) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday. The brokerage currently has a $25.00 price objective on the stock. Zacks Investment Research‘s price target points to a potential upside of 22.37% from the stock’s previous close.
According to Zacks, “Merchants Bancorp is a diversified bank holding company. It provides multi-family housing and health care facility financing, mortgage warehousing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking services, through its subsidiaries. Merchants Bancorp is based in Carmel, United States. “
A number of other research firms have also recently commented on MBIN. Stephens began coverage on Merchants Bancorp in a research note on Tuesday, November 21st. They issued an “overweight” rating and a $21.00 target price on the stock. SunTrust Banks began coverage on Merchants Bancorp in a research note on Tuesday, November 21st. They issued a “buy” rating and a $22.00 target price on the stock. Sandler O’Neill began coverage on Merchants Bancorp in a research note on Tuesday, November 21st. They issued a “buy” rating and a $21.00 target price on the stock. Finally, Raymond James Financial began coverage on Merchants Bancorp in a research note on Tuesday, November 21st. They issued an “outperform” rating and a $20.00 target price on the stock. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $22.00.
Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). equities analysts anticipate that Merchants Bancorp will post 1.82 earnings per share for the current fiscal year.
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Merchants Bancorp Company Profile
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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