Merchants Bancorp (MBIN) Expected to Post Earnings of $0.39 Per Share

Equities analysts expect Merchants Bancorp (NASDAQ:MBIN) to post earnings of $0.39 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Merchants Bancorp’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.38. The firm is scheduled to issue its next quarterly earnings report on Thursday, March 1st.

On average, analysts expect that Merchants Bancorp will report full year earnings of $1.82 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $1.87. For the next year, analysts expect that the company will post earnings of $2.14 per share, with EPS estimates ranging from $2.11 to $2.17. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Merchants Bancorp.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings results on Thursday, December 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01).

A number of brokerages recently weighed in on MBIN. Zacks Investment Research raised shares of Merchants Bancorp from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a research report on Wednesday, January 24th. SunTrust Banks reissued a “buy” rating and issued a $23.00 price target on shares of Merchants Bancorp in a research report on Tuesday, January 9th. Stephens began coverage on shares of Merchants Bancorp in a research report on Tuesday, November 21st. They issued an “overweight” rating and a $21.00 price target for the company. Sandler O’Neill started coverage on shares of Merchants Bancorp in a research report on Tuesday, November 21st. They issued a “buy” rating and a $21.00 price target for the company. Finally, Raymond James Financial started coverage on shares of Merchants Bancorp in a research note on Tuesday, November 21st. They issued an “outperform” rating and a $20.00 price objective on the stock. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $22.00.

Shares of Merchants Bancorp (MBIN) traded up $0.43 on Monday, reaching $20.86. 4,061 shares of the company were exchanged, compared to its average volume of 52,335. Merchants Bancorp has a 52-week low of $16.27 and a 52-week high of $22.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.66.

The firm also recently disclosed a special dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were paid a $0.05 dividend. The ex-dividend date was Thursday, December 14th.

TRADEMARK VIOLATION WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/29/merchants-bancorp-mbin-expected-to-post-earnings-of-0-39-per-share.html.

About Merchants Bancorp

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.

Get a free copy of the Zacks research report on Merchants Bancorp (MBIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Merchants Bancorp (NASDAQ:MBIN)

Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply