Merchants Bancorp (MBIN) Coverage Initiated by Analysts at Sandler O’Neill
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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