Equities research analysts expect that Merchants Bancorp (NASDAQ:MBIN) will report $26.95 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Merchants Bancorp’s earnings. The lowest sales estimate is $25.80 million and the highest is $28.10 million. The company is expected to announce its next earnings report on Thursday, May 10th.

According to Zacks, analysts expect that Merchants Bancorp will report full year sales of $26.95 million for the current fiscal year, with estimates ranging from $127.50 million to $130.90 million. For the next year, analysts forecast that the company will post sales of $145.20 million per share, with estimates ranging from $144.60 million to $145.80 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Merchants Bancorp.

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Merchants Bancorp (NASDAQ:MBIN) last issued its earnings results on Thursday, February 8th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. The company had revenue of $33.86 million during the quarter, compared to analysts’ expectations of $26.89 million.

A number of brokerages have issued reports on MBIN. Zacks Investment Research downgraded Merchants Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. SunTrust Banks reiterated a “buy” rating and set a $23.00 price target on shares of Merchants Bancorp in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Merchants Bancorp currently has a consensus rating of “Buy” and a consensus target price of $22.00.

Merchants Bancorp (NASDAQ:MBIN) opened at $22.73 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. Merchants Bancorp has a 1 year low of $16.27 and a 1 year high of $23.04.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.06%. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.05.

A number of hedge funds have recently modified their holdings of MBIN. The Manufacturers Life Insurance Company purchased a new position in Merchants Bancorp during the fourth quarter worth approximately $116,000. Teachers Advisors LLC purchased a new position in Merchants Bancorp during the fourth quarter worth approximately $164,000. Citadel Advisors LLC purchased a new position in Merchants Bancorp during the fourth quarter worth approximately $205,000. Wells Fargo & Company MN purchased a new position in Merchants Bancorp during the fourth quarter worth approximately $218,000. Finally, TIAA CREF Investment Management LLC purchased a new position in Merchants Bancorp during the fourth quarter worth approximately $220,000. Institutional investors own 21.09% of the company’s stock.

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Merchants Bancorp Company Profile

Merchants Bancorp is a diversified bank holding bank. The Bank operate multiple lines of business with a focus on FHA multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking.

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

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