Merchants Bancorp (NASDAQ:MBIN) Announces Quarterly Earnings Results

Merchants Bancorp (NASDAQ:MBINGet Rating) issued its quarterly earnings data on Thursday. The company reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.02, Fidelity Earnings reports. Merchants Bancorp had a return on equity of 31.42% and a net margin of 48.40%.

Shares of NASDAQ:MBIN opened at $23.52 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.30. Merchants Bancorp has a 52-week low of $22.51 and a 52-week high of $33.57. The stock’s fifty day simple moving average is $27.25 and its 200-day simple moving average is $29.45. The company has a market capitalization of $1.02 billion, a P/E ratio of 4.70 and a beta of 1.02.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Tuesday, March 15th were given a $0.07 dividend. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Monday, March 14th. Merchants Bancorp’s dividend payout ratio is currently 5.60%.

In related news, Vice Chairman Randall D. Rogers acquired 12,145 shares of Merchants Bancorp stock in a transaction dated Tuesday, March 15th. The shares were acquired at an average cost of $24.50 per share, for a total transaction of $297,552.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 40.75% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MBIN. BlackRock Inc. increased its stake in Merchants Bancorp by 3.4% during the fourth quarter. BlackRock Inc. now owns 1,198,661 shares of the company’s stock worth $56,732,000 after acquiring an additional 39,359 shares during the last quarter. Geode Capital Management LLC increased its stake in Merchants Bancorp by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 261,600 shares of the company’s stock worth $12,381,000 after acquiring an additional 8,987 shares during the last quarter. State Street Corp increased its stake in Merchants Bancorp by 3.1% during the fourth quarter. State Street Corp now owns 229,982 shares of the company’s stock worth $10,906,000 after acquiring an additional 6,933 shares during the last quarter. 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 worth $9,997,000 after acquiring an additional 931 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Merchants Bancorp by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 137,023 shares of the company’s stock valued at $5,407,000 after buying an additional 3,568 shares in the last quarter. Hedge funds and other institutional investors own 15.19% of the company’s stock.

Separately, Zacks Investment Research downgraded Merchants Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 8th.

Merchants Bancorp Company Profile (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.

Featured Articles

Earnings History for Merchants Bancorp (NASDAQ:MBIN)

Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.