$35.10 Million in Sales Expected for Merchants Bancorp (MBIN) This Quarter
Analysts expect Merchants Bancorp (NASDAQ:MBIN) to report sales of $35.10 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Merchants Bancorp’s earnings, with the highest sales estimate coming in at $35.70 million and the lowest estimate coming in at $34.50 million. Merchants Bancorp reported sales of $26.45 million in the same quarter last year, which indicates a positive year over year growth rate of 32.7%. The firm is expected to issue its next earnings report on Thursday, December 6th.
According to Zacks, analysts expect that Merchants Bancorp will report full year sales of $137.50 million for the current fiscal year, with estimates ranging from $135.00 million to $140.00 million. For the next year, analysts anticipate that the firm will report sales of $155.95 million, with estimates ranging from $151.60 million to $160.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings data on Monday, July 30th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.06). Merchants Bancorp had a return on equity of 17.95% and a net margin of 37.97%. The business had revenue of $33.84 million for the quarter, compared to analysts’ expectations of $35.60 million.
Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in shares of Merchants Bancorp in the 2nd quarter worth $109,000. ClariVest Asset Management LLC acquired a new stake in shares of Merchants Bancorp in the 2nd quarter worth $146,000. Bank of America Corp DE lifted its stake in shares of Merchants Bancorp by 35.4% in the 2nd quarter. Bank of America Corp DE now owns 10,044 shares of the company’s stock worth $286,000 after acquiring an additional 2,628 shares during the period. Delphi Management Inc. MA acquired a new stake in shares of Merchants Bancorp in the 2nd quarter worth $291,000. Finally, Element Capital Management LLC acquired a new stake in shares of Merchants Bancorp in the 1st quarter worth $313,000. Institutional investors own 22.45% of the company’s stock.
Shares of Merchants Bancorp stock opened at $25.39 on Friday. Merchants Bancorp has a 1 year low of $16.27 and a 1 year high of $29.15. The company has a current ratio of 1.03, a quick ratio of 0.73 and a debt-to-equity ratio of 0.54. The firm has a market cap of $749.78 million and a price-to-earnings ratio of 12.89.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Saturday, September 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, September 13th. Merchants Bancorp’s dividend payout ratio (DPR) is presently 12.18%.
About Merchants Bancorp
Merchants Bancorp operates as a diversified bank holding company in the United States. It operates in three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
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