Merchants Bancorp (NASDAQ:MBIN) – SunTrust Banks raised their Q4 2018 earnings per share estimates for Merchants Bancorp in a report released on Monday. SunTrust Banks analyst M. Young now expects that the company will post earnings of $0.59 per share for the quarter, up from their prior estimate of $0.54. SunTrust Banks has a “Buy” rating and a $23.00 price objective on the stock. SunTrust Banks also issued estimates for Merchants Bancorp’s Q1 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.60 EPS and Q4 2019 earnings at $0.68 EPS.
Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01).
Shares of Merchants Bancorp (MBIN) traded up $0.08 during mid-day trading on Tuesday, reaching $20.10. 21,300 shares of the company’s stock were exchanged, compared to its average volume of 45,060. Merchants Bancorp has a 52-week low of $16.27 and a 52-week high of $22.00. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.28.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new stake in shares of Merchants Bancorp in the 4th quarter worth about $116,000. Citadel Advisors LLC bought a new stake in shares of Merchants Bancorp in the 4th quarter worth about $205,000. Wells Fargo & Company MN bought a new stake in shares of Merchants Bancorp in the 4th quarter worth about $218,000. Valeo Financial Advisors LLC bought a new stake in shares of Merchants Bancorp in the 4th quarter worth about $279,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Merchants Bancorp in the 4th quarter worth about $389,000. 2.62% of the stock is owned by institutional investors.
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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