Merchants Bancorp (NASDAQ:MBIN) Expected to Announce Earnings of $0.50 Per Share
Equities analysts expect Merchants Bancorp (NASDAQ:MBIN) to post $0.50 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Merchants Bancorp’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.53. Merchants Bancorp posted earnings of $0.52 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.8%. The business is expected to announce its next quarterly earnings results on Monday, July 29th.
According to Zacks, analysts expect that Merchants Bancorp will report full-year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.78 to $2.02. For the next year, analysts expect that the firm will post earnings of $2.14 per share, with EPS estimates ranging from $1.85 to $2.33. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.19). Merchants Bancorp had a net margin of 30.23% and a return on equity of 15.73%. The firm had revenue of $27.80 million for the quarter, compared to analysts’ expectations of $35.95 million.
MBIN stock remained flat at $$16.85 on Wednesday. 27,906 shares of the company traded hands, compared to its average volume of 37,682. Merchants Bancorp has a 52 week low of $15.47 and a 52 week high of $28.89. The company has a quick ratio of 0.84, a current ratio of 1.13 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average of $17.18. The firm has a market capitalization of $483.66 million, a P/E ratio of 8.14 and a beta of 1.11.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Saturday, June 15th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, June 13th. Merchants Bancorp’s payout ratio is 13.53%.
Several hedge funds and other institutional investors have recently bought and sold shares of MBIN. BNP Paribas Arbitrage SA raised its stake in shares of Merchants Bancorp by 810.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,351 shares of the company’s stock worth $72,000 after buying an additional 2,983 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in Merchants Bancorp by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,589 shares of the company’s stock worth $112,000 after buying an additional 4,365 shares in the last quarter. Bank of America Corp DE grew its position in Merchants Bancorp by 94.3% during the fourth quarter. Bank of America Corp DE now owns 10,242 shares of the company’s stock worth $205,000 after buying an additional 4,972 shares in the last quarter. Rhumbline Advisers grew its position in Merchants Bancorp by 46.1% during the fourth quarter. Rhumbline Advisers now owns 21,456 shares of the company’s stock worth $428,000 after buying an additional 6,774 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new stake in Merchants Bancorp during the fourth quarter worth approximately $435,000. 22.43% of the stock is 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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