Wall Street analysts forecast that Merchants Bancorp (NASDAQ:MBIN – Get Rating) will announce sales of $100.69 million for the current quarter, Zacks reports. Three analysts have issued estimates for Merchants Bancorp’s earnings, with the highest sales estimate coming in at $102.08 million and the lowest estimate coming in at $100.00 million. Merchants Bancorp reported sales of $97.26 million in the same quarter last year, which indicates a positive year over year growth rate of 3.5%. The company is expected to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Merchants Bancorp will report full-year sales of $410.76 million for the current fiscal year, with estimates ranging from $405.00 million to $419.90 million. For the next fiscal year, analysts anticipate that the business will post sales of $431.35 million, with estimates ranging from $422.96 million to $446.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN – Get Rating) last announced its earnings results on Thursday, April 28th. The company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.02. Merchants Bancorp had a net margin of 48.40% and a return on equity of 31.42%.
In related news, Vice Chairman Randall D. Rogers purchased 12,145 shares of the firm’s stock in a transaction on Tuesday, March 15th. The stock was purchased at an average cost of $24.50 per share, with a total value of $297,552.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 40.75% of the company’s stock.
Several large investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its position in shares of Merchants Bancorp by 2.5% during the fourth quarter. California State Teachers Retirement System now owns 13,822 shares of the company’s stock worth $654,000 after acquiring an additional 334 shares in the last quarter. Rhumbline Advisers boosted its holdings in Merchants Bancorp by 2.7% during the fourth quarter. Rhumbline Advisers now owns 17,680 shares of the company’s stock worth $837,000 after purchasing an additional 461 shares during the last quarter. Deutsche Bank AG boosted its holdings in Merchants Bancorp by 10.5% during the third quarter. Deutsche Bank AG now owns 6,462 shares of the company’s stock worth $255,000 after purchasing an additional 613 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Merchants Bancorp by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 103,502 shares of the company’s stock worth $4,899,000 after purchasing an additional 755 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its holdings in Merchants Bancorp by 25.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 4,348 shares of the company’s stock worth $206,000 after purchasing an additional 884 shares during the last quarter. 15.19% of the stock is owned by institutional investors.
Shares of NASDAQ MBIN opened at $23.52 on Friday. Merchants Bancorp has a twelve month low of $22.51 and a twelve month high of $33.57. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $1.02 billion, a PE ratio of 4.70 and a beta of 1.02. The firm has a fifty day simple moving average of $27.25 and a 200 day simple moving average of $29.46.
The business 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. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.19%. The ex-dividend date was Monday, March 14th. Merchants Bancorp’s payout ratio is 5.60%.
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.
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