Merchants Bancorp (NASDAQ:MBIN) Given Consensus Rating of “Hold” by Analysts

Merchants Bancorp (NASDAQ:MBIN) has earned a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $40.25.

A number of equities analysts recently commented on the company. Zacks Research raised Merchants Bancorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Piper Sandler reaffirmed an “overweight” rating and set a $42.00 price objective (up from $41.00) on shares of Merchants Bancorp in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Merchants Bancorp in a report on Wednesday, October 8th. UBS Group set a $42.00 price target on shares of Merchants Bancorp in a research report on Thursday, October 30th. Finally, Wall Street Zen raised shares of Merchants Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. CWM LLC grew its holdings in shares of Merchants Bancorp by 168.9% in the first quarter. CWM LLC now owns 1,358 shares of the company’s stock worth $50,000 after purchasing an additional 853 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Merchants Bancorp in the 3rd quarter worth about $57,000. Tower Research Capital LLC TRC grew its stake in Merchants Bancorp by 110.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,201 shares of the company’s stock worth $73,000 after acquiring an additional 1,153 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Merchants Bancorp by 44.6% during the second quarter. Ameritas Investment Partners Inc. now owns 2,649 shares of the company’s stock worth $88,000 after acquiring an additional 817 shares during the period. Finally, Matrix Trust Co raised its stake in shares of Merchants Bancorp by 10.3% during the second quarter. Matrix Trust Co now owns 4,226 shares of the company’s stock valued at $140,000 after acquiring an additional 396 shares in the last quarter. Institutional investors own 24.57% of the company’s stock.

Merchants Bancorp Stock Performance

Shares of MBIN opened at $32.67 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 2.45. The business has a 50-day simple moving average of $31.87 and a two-hundred day simple moving average of $32.41. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 7.51 and a beta of 1.33. Merchants Bancorp has a 52 week low of $27.25 and a 52 week high of $43.82.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.18. The firm had revenue of $171.07 million during the quarter, compared to analysts’ expectations of $163.90 million. Merchants Bancorp had a net margin of 17.73% and a return on equity of 15.37%. On average, analysts expect that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 15th. Merchants Bancorp’s payout ratio is presently 9.20%.

About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.