Merchants Bancorp (MBIN) Expected to Post Earnings of $0.55 Per Share
Wall Street analysts forecast that Merchants Bancorp (NASDAQ:MBIN) will announce earnings of $0.55 per share for the current quarter, Zacks reports. Two analysts have made estimates for Merchants Bancorp’s earnings. Merchants Bancorp posted earnings of $0.47 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 17%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 14th.
According to Zacks, analysts expect that Merchants Bancorp will report full year earnings of $2.11 per share for the current year, with EPS estimates ranging from $2.11 to $2.12. For the next financial year, analysts forecast that the company will report earnings of $2.36 per share, with EPS estimates ranging from $2.27 to $2.50. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Merchants Bancorp had a net margin of 38.21% and a return on equity of 17.63%. The business had revenue of $35.39 million for the quarter, compared to analyst estimates of $35.10 million.
NASDAQ MBIN traded down $0.62 on Friday, hitting $20.98. The stock had a trading volume of 45,300 shares, compared to its average volume of 61,234. The company has a current ratio of 1.03, a quick ratio of 0.73 and a debt-to-equity ratio of 0.18. Merchants Bancorp has a 52-week low of $18.51 and a 52-week high of $29.15. The firm has a market capitalization of $626.97 million, a P/E ratio of 10.79 and a beta of 0.69.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be issued a dividend of $0.06 per share. 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’s dividend payout ratio (DPR) is presently 12.18%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Merchants Bancorp by 9.6% during the third quarter. Vanguard Group Inc. now owns 661,397 shares of the company’s stock valued at $16,813,000 after buying an additional 58,194 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Merchants Bancorp by 9.0% during the third quarter. Teachers Advisors LLC now owns 33,012 shares of the company’s stock valued at $839,000 after buying an additional 2,722 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Merchants Bancorp during the third quarter valued at $312,000. Highbridge Capital Management LLC purchased a new stake in shares of Merchants Bancorp during the third quarter valued at $326,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Merchants Bancorp during the third quarter valued at $408,000. 22.39% of the stock is currently owned by hedge funds and other institutional investors.
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.
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