Merchants Bancorp (NASDAQ:MBIN) Stock Rating Upgraded by Wall Street Zen

Merchants Bancorp (NASDAQ:MBIN) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities research analysts also recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Merchants Bancorp from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Raymond James restated an “outperform” rating and set a $41.00 target price (down from $45.00) on shares of Merchants Bancorp in a research report on Tuesday, April 29th.

Merchants Bancorp Trading Down 3.5%

Shares of MBIN opened at $31.27 on Friday. The firm has a fifty day simple moving average of $32.22 and a two-hundred day simple moving average of $36.57. Merchants Bancorp has a twelve month low of $27.25 and a twelve month high of $53.27. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $1.43 billion, a P/E ratio of 4.96 and a beta of 1.29.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.32). The company had revenue of $287.20 million during the quarter, compared to the consensus estimate of $169.00 million. Merchants Bancorp had a return on equity of 22.86% and a net margin of 22.08%. On average, research analysts anticipate that Merchants Bancorp will post 5.54 EPS for the current year.

Institutional Investors Weigh In On Merchants Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of MBIN. Kestra Investment Management LLC purchased a new stake in Merchants Bancorp in the 4th quarter valued at about $25,000. Signaturefd LLC grew its stake in shares of Merchants Bancorp by 182.2% in the first quarter. Signaturefd LLC now owns 731 shares of the company’s stock worth $27,000 after purchasing an additional 472 shares in the last quarter. CWM LLC lifted its holdings in shares of Merchants Bancorp by 168.9% in the first quarter. CWM LLC now owns 1,358 shares of the company’s stock valued at $50,000 after buying an additional 853 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Merchants Bancorp during the fourth quarter valued at $79,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Merchants Bancorp in the 4th quarter worth about $82,000. Institutional investors and hedge funds own 24.57% of the company’s stock.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.