Merchants Bancorp (MBIN) Rating Reiterated by SunTrust Banks

SunTrust Banks reiterated their buy rating on shares of Merchants Bancorp (NASDAQ:MBIN) in a report issued on Tuesday morning. They currently have a $23.00 target price on the stock. SunTrust Banks also issued estimates for Merchants Bancorp’s Q4 2017 earnings at $0.46 EPS, Q4 2017 earnings at $0.38 EPS, FY2017 earnings at $1.95 EPS, FY2017 earnings at $1.85 EPS, Q1 2018 earnings at $0.43 EPS, Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.54 EPS, 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.

Several other equities analysts have also issued reports on MBIN. Stephens began coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They set an overweight rating and a $21.00 price objective on the stock. Sandler O’Neill began coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They set a buy rating and a $21.00 price objective on the stock. Finally, Raymond James Financial began coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They set an outperform rating and a $20.00 price objective on the stock.

Shares of Merchants Bancorp (NASDAQ MBIN) traded up $1.11 during mid-day trading on Tuesday, reaching $21.14. 230,114 shares of the company traded hands, compared to its average volume of 68,890. The stock has a market capitalization of $574.56 and a price-to-earnings ratio of 14.58. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.28. Merchants Bancorp has a 12 month low of $16.27 and a 12 month high of $21.97.

The firm also recently disclosed a special dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 14th. Merchants Bancorp’s payout ratio is 13.79%.

In other Merchants Bancorp news, CFO John F. Macke acquired 15,625 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were bought at an average cost of $16.00 per share, with a total value of $250,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have purchased 18,687 shares of company stock worth $298,992.

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Merchants Bancorp Company Profile

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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