Equities Analysts Offer Predictions for Merchants Bancorp’s Q4 2018 Earnings (MBIN)

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).

A number of other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of Merchants Bancorp from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, January 24th. Sandler O’Neill began coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They issued a “buy” rating and a $21.00 price objective on the stock. Raymond James Financial began coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Stephens began coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They issued an “overweight” rating and a $21.00 price objective on the stock. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.00.

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.

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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.

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

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