$1.00 EPS Expected for Merchants Bancorp (NASDAQ:MBIN) This Quarter

Equities research analysts forecast that Merchants Bancorp (NASDAQ:MBINGet Rating) will report earnings of $1.00 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Merchants Bancorp’s earnings. The lowest EPS estimate is $0.99 and the highest is $1.03. Merchants Bancorp reported earnings of $1.05 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.8%. The company is expected to report 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 post earnings of $4.32 per share, with EPS estimates ranging from $4.10 to $4.50. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Merchants Bancorp.

Merchants Bancorp (NASDAQ:MBINGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.02. Merchants Bancorp had a net margin of 47.17% and a return on equity of 28.86%.

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

Merchants Bancorp stock opened at $23.52 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.13 and a quick ratio of 0.76. Merchants Bancorp has a 1-year low of $22.51 and a 1-year high of $33.57. The firm has a market capitalization of $1.02 billion, a P/E ratio of 4.70 and a beta of 1.02. The company’s 50-day moving average is $27.25 and its 200 day moving average is $29.48.

The business also recently announced 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 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Monday, March 14th. Merchants Bancorp’s dividend payout ratio is currently 5.60%.

In related news, Vice Chairman Randall D. Rogers bought 12,145 shares of the company’s stock in a transaction on 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 purchase was disclosed in a filing with the SEC, which is available through this link. 40.75% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Global Investments bought a new position in shares of Merchants Bancorp during the first quarter valued at approximately $523,000. Valeo Financial Advisors LLC boosted its stake in shares of Merchants Bancorp by 73.3% during the first quarter. Valeo Financial Advisors LLC now owns 260,325 shares of the company’s stock valued at $7,128,000 after purchasing an additional 110,125 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Merchants Bancorp by 54.3% during the first quarter. Assenagon Asset Management S.A. now owns 87,881 shares of the company’s stock valued at $2,406,000 after purchasing an additional 30,913 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Merchants Bancorp by 50.0% during the first quarter. Truist Financial Corp now owns 11,715 shares of the company’s stock valued at $321,000 after purchasing an additional 3,905 shares in the last quarter. Finally, James Investment Research Inc. boosted its stake in shares of Merchants Bancorp by 50.0% during the first quarter. James Investment Research Inc. now owns 26,154 shares of the company’s stock valued at $716,000 after purchasing an additional 8,718 shares in the last quarter. Hedge funds and other institutional investors own 14.78% of the company’s stock.

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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Earnings History and Estimates for Merchants Bancorp (NASDAQ:MBIN)

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