Equities research analysts expect that Merchants Bancorp (NASDAQ:MBIN – Get Rating) will announce earnings of $1.00 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Merchants Bancorp’s earnings. The highest EPS estimate is $1.01 and the lowest is $1.00. Merchants Bancorp reported earnings per share of $1.35 in the same quarter last year, which suggests a negative year-over-year growth rate of 25.9%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Merchants Bancorp will report full year earnings of $4.12 per share for the current year, with EPS estimates ranging from $4.00 to $4.25. For the next year, analysts expect that the business will report earnings of $4.32 per share, with EPS estimates ranging from $4.10 to $4.50. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN – Get Rating) last released its quarterly earnings data on Monday, January 31st. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.65. Merchants Bancorp had a return on equity of 31.42% and a net margin of 48.40%. The business had revenue of $113.01 million for the quarter, compared to analyst estimates of $98.69 million.
In other news, Vice Chairman Randall D. Rogers purchased 12,145 shares of the stock in a transaction dated Tuesday, March 15th. The shares were bought at an average cost of $24.50 per share, for a total transaction of $297,552.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 41.97% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in Merchants Bancorp in the fourth quarter valued at about $677,000. Barclays PLC increased its position in Merchants Bancorp by 184.4% during the fourth quarter. Barclays PLC now owns 11,952 shares of the company’s stock worth $565,000 after acquiring an additional 7,749 shares during the period. BlackRock Inc. increased its holdings in shares of Merchants Bancorp by 3.4% during the 4th quarter. BlackRock Inc. now owns 1,198,661 shares of the company’s stock worth $56,732,000 after purchasing an additional 39,359 shares during the period. Goldman Sachs Group Inc. increased its stake in Merchants Bancorp by 0.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 211,213 shares of the company’s stock valued at $9,997,000 after acquiring an additional 931 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in shares of Merchants Bancorp by 28.5% in the fourth quarter. Allianz Asset Management GmbH now owns 32,173 shares of the company’s stock valued at $1,523,000 after purchasing an additional 7,142 shares in the last quarter. Hedge funds and other institutional investors own 15.19% of the company’s stock.
Shares of MBIN stock traded up $0.02 on Friday, hitting $25.84. The stock had a trading volume of 1,538 shares, compared to its average volume of 56,844. Merchants Bancorp has a 52-week low of $22.51 and a 52-week high of $33.57. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 4.84 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.76 and a current ratio of 1.13. The stock’s 50 day moving average is $28.59 and its 200-day moving average is $29.61.
The company also recently declared a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Tuesday, March 15th were paid a $0.07 dividend. The ex-dividend date was Monday, March 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.08%. This is a positive change from Merchants Bancorp’s previous quarterly dividend of $0.06. Merchants Bancorp’s dividend payout ratio (DPR) is presently 5.25%.
About Merchants Bancorp (Get Rating)
Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
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