Merchants Bancorp to Post Q1 2018 Earnings of $0.37 Per Share, SunTrust Banks Forecasts (MBIN)

Merchants Bancorp (NASDAQ:MBIN) – Analysts at SunTrust Banks decreased their Q1 2018 EPS estimates for shares of Merchants Bancorp in a research note issued to investors on Monday. SunTrust Banks analyst M. Young now anticipates that the company will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.43. SunTrust Banks has a “Buy” rating and a $23.00 price target on the stock. SunTrust Banks also issued estimates for Merchants Bancorp’s Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.49 EPS, FY2018 earnings at $2.03 EPS and FY2019 earnings at $2.42 EPS.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01).

Several other analysts have also commented on the stock. 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. Raymond James Financial started coverage on shares of Merchants Bancorp in a research report on Tuesday, November 21st. They set an “outperform” rating and a $20.00 price target for the company. Sandler O’Neill started coverage on shares of Merchants Bancorp in a research report on Tuesday, November 21st. They set a “buy” rating and a $21.00 price target for the company. Finally, Stephens started coverage on shares of Merchants Bancorp in a research report on Tuesday, November 21st. They set an “overweight” rating and a $21.00 price target for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Merchants Bancorp currently has a consensus rating of “Buy” and an average price target of $22.00.

Shares of Merchants Bancorp (NASDAQ MBIN) opened at $20.07 on Wednesday. Merchants Bancorp has a 1 year low of $16.27 and a 1 year high of $22.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.66 and a current ratio of 0.93.

Institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company purchased a new position in shares of Merchants Bancorp in the 4th quarter valued at approximately $116,000. Citadel Advisors LLC purchased a new position in shares of Merchants Bancorp in the 4th quarter valued at approximately $205,000. Wells Fargo & Company MN purchased a new position in shares of Merchants Bancorp in the 4th quarter valued at approximately $218,000. Valeo Financial Advisors LLC purchased a new position in shares of Merchants Bancorp in the 4th quarter valued at approximately $279,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Merchants Bancorp in the 4th quarter valued at approximately $389,000. 2.62% of the stock is owned by hedge funds and other 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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