Merchants Bancorp (NASDAQ:MBIN) announced a quarterly dividend on Thursday, November 15th, Wall Street Journal reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.06 per share on Monday, December 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, December 13th.

Merchants Bancorp stock opened at $20.98 on Friday. Merchants Bancorp has a twelve month low of $18.51 and a twelve month high of $29.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.73 and a current ratio of 1.03. The stock has a market capitalization of $619.79 million, a PE ratio of 10.59 and a beta of 0.69.

Merchants Bancorp (NASDAQ:MBIN) last posted its earnings results on Tuesday, October 30th. The company reported $0.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.55. Merchants Bancorp had a net margin of 38.21% and a return on equity of 17.63%. The firm had revenue of $35.39 million for the quarter, compared to the consensus estimate of $35.10 million. On average, equities analysts forecast that Merchants Bancorp will post 2.11 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Merchants Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $22.33.

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Merchants Bancorp Company Profile

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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Dividend History for Merchants Bancorp (NASDAQ:MBIN)

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