Merchants Bancorp (MBIN) Expected to Announce Quarterly Sales of $35.95 Million
Equities analysts expect Merchants Bancorp (NASDAQ:MBIN) to report $35.95 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Merchants Bancorp’s earnings, with the lowest sales estimate coming in at $35.80 million and the highest estimate coming in at $36.10 million. Merchants Bancorp reported sales of $31.42 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.4%. The firm is scheduled to announce its next quarterly earnings results on Monday, April 29th.
On average, analysts expect that Merchants Bancorp will report full year sales of $152.80 million for the current financial year. For the next year, analysts expect that the business will report sales of $164.15 million, with estimates ranging from $162.80 million to $165.50 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings results on Wednesday, January 30th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The company had revenue of $38.91 million during the quarter, compared to analysts’ expectations of $36.05 million. Merchants Bancorp had a net margin of 33.07% and a return on equity of 17.53%.
NASDAQ MBIN traded down $0.18 on Friday, reaching $23.60. The company had a trading volume of 812 shares, compared to its average volume of 25,159. The firm has a market capitalization of $677.32 million, a P/E ratio of 11.40 and a beta of 0.88. Merchants Bancorp has a 52-week low of $18.85 and a 52-week high of $29.15. The company has a current ratio of 1.05, a quick ratio of 0.79 and a debt-to-equity ratio of 0.51.
The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.07 dividend. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Thursday, March 14th. Merchants Bancorp’s payout ratio is 13.53%.
Institutional investors have recently made changes to their positions in the business. Metropolitan Life Insurance Co. NY increased its stake in Merchants Bancorp by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,589 shares of the company’s stock worth $112,000 after purchasing an additional 4,365 shares during the period. Bank of America Corp DE increased its holdings in Merchants Bancorp by 94.3% during the 4th quarter. Bank of America Corp DE now owns 10,242 shares of the company’s stock worth $205,000 after purchasing an additional 4,972 shares during the period. MetLife Investment Advisors LLC purchased a new position in Merchants Bancorp during the 3rd quarter worth $312,000. SG Americas Securities LLC purchased a new position in Merchants Bancorp during the 3rd quarter worth $405,000. Finally, Renaissance Technologies LLC purchased a new position in Merchants Bancorp during the 3rd quarter worth $408,000. 22.25% of the stock is currently owned by institutional investors and hedge funds.
About Merchants Bancorp
Merchants Bancorp operates as the diversified bank holding company in the United States. The company 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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