Merchants Bancorp (MBIN) to Release Quarterly Earnings on Monday

Merchants Bancorp (NASDAQ:MBIN) is expected to be issuing its quarterly earnings data before the market opens on Monday, February 3rd. Analysts expect the company to announce earnings of $1.27 per share for the quarter.

Merchants Bancorp (NASDAQ:MBIN) last released its earnings results on Monday, October 28th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.25). Merchants Bancorp had a return on equity of 22.36% and a net margin of 21.33%. The business had revenue of $355.67 million for the quarter, compared to analyst estimates of $156.13 million. During the same period in the prior year, the business earned $1.68 EPS. On average, analysts expect Merchants Bancorp to post $6 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Merchants Bancorp Price Performance

Shares of MBIN opened at $39.00 on Monday. The firm has a market cap of $1.78 billion, a PE ratio of 6.46 and a beta of 1.14. Merchants Bancorp has a 52-week low of $34.16 and a 52-week high of $53.27. The business’s 50 day moving average price is $38.09 and its two-hundred day moving average price is $41.77. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 1.15.

Merchants Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, December 13th. Merchants Bancorp’s dividend payout ratio is presently 5.96%.

Insider Buying and Selling at Merchants Bancorp

In related news, Director Patrick D. O’brien purchased 40,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $25.00 per share, with a total value of $1,000,000.00. Following the transaction, the director now owns 40,000 shares of the company’s stock, valued at $1,000,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 39.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Piper Sandler upped their price objective on shares of Merchants Bancorp from $48.00 to $52.50 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Raymond James dropped their price target on Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th.

Merchants Bancorp Company Profile

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.