Merchants Bancorp (NASDAQ:MBIN) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Merchants Bancorp (NASDAQ:MBIN) from a sell rating to a hold rating in a research report released on Saturday.

Several other equities research analysts also recently issued reports on MBIN. Raymond James reaffirmed an “outperform” rating and issued a $41.00 price target (down from $45.00) on shares of Merchants Bancorp in a research report on Tuesday, April 29th. Morgan Stanley lowered their price target on Merchants Bancorp from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th.

Merchants Bancorp Trading Up 0.2%

Shares of MBIN stock opened at $31.32 on Friday. Merchants Bancorp has a 12 month low of $27.25 and a 12 month high of $53.27. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. The business’s 50 day moving average is $32.14 and its two-hundred day moving average is $36.37. The company has a market cap of $1.44 billion, a PE ratio of 4.96 and a beta of 1.29.

Merchants Bancorp (NASDAQ:MBIN) last posted its earnings results on Monday, April 28th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.32). Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. The firm had revenue of $287.20 million during the quarter, compared to analyst estimates of $169.00 million. Equities analysts predict that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.10 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.28%. Merchants Bancorp’s payout ratio is 7.35%.

Institutional Trading of Merchants Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its position in Merchants Bancorp by 76.0% in the 4th quarter. Ameriprise Financial Inc. now owns 82,200 shares of the company’s stock worth $2,998,000 after purchasing an additional 35,492 shares during the last quarter. Millennium Management LLC grew its position in Merchants Bancorp by 214.1% during the fourth quarter. Millennium Management LLC now owns 126,087 shares of the company’s stock worth $4,598,000 after buying an additional 85,948 shares in the last quarter. Jane Street Group LLC grew its position in Merchants Bancorp by 94.2% during the fourth quarter. Jane Street Group LLC now owns 20,513 shares of the company’s stock worth $748,000 after buying an additional 9,952 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Merchants Bancorp by 3.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 225,419 shares of the company’s stock worth $8,221,000 after purchasing an additional 6,882 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Merchants Bancorp during the 4th quarter worth approximately $878,000. 24.57% of the stock is currently owned by institutional investors and hedge funds.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.