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.

MBIN has been the topic of several research reports. Sandler O’Neill reissued a “buy” rating on shares of Merchants Bancorp in a research report on Thursday, August 2nd. Stephens downgraded shares of Merchants Bancorp from an “overweight” rating to an “equal weight” rating and set a $21.00 price objective on the stock. in a research report on Wednesday, July 11th. Finally, Zacks Investment Research raised shares of Merchants Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $21.60.

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.

Featured Article: Asset Allocation Models, Which is Right For You?

Get a free copy of the Zacks research report on Merchants Bancorp (MBIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.