Merchants Bancorp (MBIN) to Post Q3 2017 Earnings of $0.45 Per Share, SunTrust Banks Forecasts
Merchants Bancorp (NASDAQ:MBIN) – Equities research analysts at SunTrust Banks issued their Q3 2017 earnings per share (EPS) estimates for shares of Merchants Bancorp in a report issued on Tuesday. SunTrust Banks analyst M. Young anticipates that the company will post earnings of $0.45 per share for the quarter. SunTrust Banks has a “Buy” rating and a $22.00 price target on the stock. SunTrust Banks also issued estimates for Merchants Bancorp’s Q4 2017 earnings at $0.43 EPS, FY2017 earnings at $1.91 EPS, Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.71 EPS and FY2019 earnings at $2.00 EPS.
Several other research firms have also issued reports on MBIN. Sandler O’Neill assumed coverage on Merchants Bancorp in a report on Tuesday. They set a “buy” rating and a $21.00 target price on the stock. Raymond James Financial, Inc. assumed coverage on Merchants Bancorp in a report on Tuesday. They set an “outperform” rating and a $20.00 target price on the stock. Finally, Stephens assumed coverage on Merchants Bancorp in a research report on Tuesday. They set an “overweight” rating and a $21.00 price objective for the company.
Shares of Merchants Bancorp (NASDAQ MBIN) opened at $17.65 on Thursday. Merchants Bancorp has a 1-year low of $16.27 and a 1-year high of $19.16.
The firm also recently disclosed a special dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 14th.
In other Merchants Bancorp news, CFO John F. Macke acquired 15,625 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average cost of $16.00 per share, for a total transaction of $250,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have purchased 18,687 shares of company stock valued at $298,992.
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