Sandler O’Neill initiated coverage on shares of Merchants Bancorp (NASDAQ:MBIN) in a research report report published on Tuesday. The firm issued a buy rating and a $21.00 target price on the stock.

Several other equities analysts have also recently commented on MBIN. Raymond James Financial, Inc. started coverage on shares of Merchants Bancorp in a research report on Tuesday. They issued an outperform rating and a $20.00 price target for the company. Stephens started coverage on shares of Merchants Bancorp in a research report on Tuesday. They issued an overweight rating and a $21.00 price target for the company. Finally, SunTrust Banks, Inc. started coverage on shares of Merchants Bancorp in a research report on Tuesday. They issued a buy rating and a $22.00 price target for the company.

Shares of Merchants Bancorp (NASDAQ:MBIN) opened at $17.77 on Tuesday. Merchants Bancorp has a 1-year low of $16.27 and a 1-year high of $19.16.

The company also recently disclosed a special dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, December 14th.

In other news, CFO John F. Macke acquired 15,625 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was acquired at an average cost of $16.00 per share, with a total value of $250,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have bought 18,687 shares of company stock valued at $298,992.

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