Q2 2018 EPS Estimates for Merchants Bancorp (MBIN) Lifted by SunTrust Banks
Merchants Bancorp (NASDAQ:MBIN) – Analysts at SunTrust Banks boosted their Q2 2018 earnings estimates for Merchants Bancorp in a report issued on Monday. SunTrust Banks analyst M. Young now expects that the company will earn $0.62 per share for the quarter, up from their prior forecast of $0.46. SunTrust Banks has a “Buy” rating and a $23.00 price target on the stock. SunTrust Banks also issued estimates for Merchants Bancorp’s FY2018 earnings at $2.17 EPS, Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.67 EPS, Q3 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.61 EPS and FY2019 earnings at $2.54 EPS.
A number of other brokerages also recently weighed in on MBIN. Sandler O’Neill initiated coverage on Merchants Bancorp in a research note on Tuesday, November 21st. They issued a “buy” rating and a $21.00 target price on the stock. Raymond James Financial initiated coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, Stephens initiated coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They issued an “overweight” rating and a $21.00 price target on the stock.
In other Merchants Bancorp news, CFO John F. Macke bought 15,625 shares of the stock in a transaction on Friday, October 27th. The shares were acquired at an average price 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 through the SEC website. Insiders purchased a total of 18,687 shares of company stock worth $298,992 in the last ninety days.
The business also recently declared a special dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a $0.05 dividend. The ex-dividend date was Thursday, December 14th. Merchants Bancorp’s dividend payout ratio (DPR) is presently 13.79%.
About Merchants Bancorp
Merchants Bancorp is a diversified bank holding bank. The Bank operate multiple lines of business with a focus on FHA multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking.
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