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.

Shares of Merchants Bancorp (NASDAQ:MBIN) traded up $0.25 during midday trading on Wednesday, hitting $20.01. The stock had a trading volume of 57,600 shares, compared to its average volume of 48,614. Merchants Bancorp has a 12-month low of $16.27 and a 12-month high of $21.97. The stock has a market cap of $573.99 and a P/E ratio of 13.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.66.

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%.

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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.

Earnings History and Estimates for Merchants Bancorp (NASDAQ:MBIN)

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