Brokerages expect Merchants Bancorp (NASDAQ:MBIN – Get Rating) to report earnings of $0.93 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Merchants Bancorp’s earnings. The lowest EPS estimate is $0.85 and the highest is $0.99. 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 11.4%. The company is scheduled to report its next earnings results on Monday, January 1st.
On average, analysts expect that Merchants Bancorp will report full-year earnings of $3.98 per share for the current fiscal year, with EPS estimates ranging from $3.74 to $4.25. For the next year, analysts forecast that the company will post earnings of $4.21 per share, with EPS estimates ranging from $3.96 to $4.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.02. The company had revenue of $100.32 million for the quarter, compared to analyst estimates of $100.40 million. Merchants Bancorp had a return on equity of 28.10% and a net margin of 47.17%.
MBIN stock traded up $0.10 during midday trading on Thursday, reaching $23.35. 72,681 shares of the stock were exchanged, compared to its average volume of 62,027. The stock has a market capitalization of $1.01 billion, a PE ratio of 4.67 and a beta of 1.06. Merchants Bancorp has a 52 week low of $22.11 and a 52 week high of $33.57. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.16 and a quick ratio of 0.86. The company has a fifty day moving average price of $25.93 and a 200 day moving average price of $29.00.
In related news, CEO Michael R. Dury bought 4,500 shares of the business’s stock in a transaction on Friday, May 13th. The shares were purchased at an average cost of $23.26 per share, with a total value of $104,670.00. Following the acquisition, the chief executive officer now owns 93,260 shares of the company’s stock, valued at $2,169,227.60. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Randall D. Rogers bought 12,145 shares of the business’s stock in a transaction on 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 disclosure for this purchase can be found here. 40.75% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in Merchants Bancorp by 49.2% during the 1st quarter. BlackRock Inc. now owns 1,787,815 shares of the company’s stock worth $48,949,000 after buying an additional 589,154 shares during the period. Vanguard Group Inc. increased its holdings in Merchants Bancorp by 31.4% during the 1st quarter. Vanguard Group Inc. now owns 788,591 shares of the company’s stock worth $21,592,000 after purchasing an additional 188,466 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Merchants Bancorp by 53.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 388,830 shares of the company’s stock worth $10,647,000 after purchasing an additional 136,211 shares in the last quarter. State Street Corp lifted its holdings in Merchants Bancorp by 51.9% during the first quarter. State Street Corp now owns 349,281 shares of the company’s stock worth $9,587,000 after acquiring an additional 119,299 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Merchants Bancorp by 49.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 315,174 shares of the company’s stock worth $8,630,000 after purchasing an additional 103,961 shares during the period. 14.78% of the stock is currently owned by institutional investors.
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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