Shares of Merchants Bancorp (NASDAQ:MBIN – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $50.00.
A number of research analysts have weighed in on the company. Weiss Ratings upgraded Merchants Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Zacks Research cut Merchants Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 30th. Raymond James Financial downgraded Merchants Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Morgan Stanley reissued a “positive” rating and issued a $49.00 target price (up from $46.00) on shares of Merchants Bancorp in a research note on Monday, June 29th. Finally, Piper Sandler restated an “overweight” rating and set a $58.00 target price on shares of Merchants Bancorp in a report on Wednesday, April 29th.
Read Our Latest Report on Merchants Bancorp
Institutional Inflows and Outflows
Merchants Bancorp Trading Down 1.7%
Merchants Bancorp stock opened at $46.66 on Thursday. The firm has a 50-day moving average of $47.62 and a 200-day moving average of $43.60. Merchants Bancorp has a one year low of $28.75 and a one year high of $51.47. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.26 and a quick ratio of 0.89. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 11.38 and a beta of 1.14.
Merchants Bancorp (NASDAQ:MBIN – Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. Merchants Bancorp had a return on equity of 13.40% and a net margin of 16.64%.The business had revenue of $175.25 million for the quarter, compared to the consensus estimate of $174.30 million. On average, equities analysts expect that Merchants Bancorp will post 5.15 earnings per share for the current fiscal year.
Merchants Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a $0.11 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.44 dividend on an annualized basis and a yield of 0.9%. Merchants Bancorp’s dividend payout ratio (DPR) is currently 10.73%.
About Merchants Bancorp
Merchants Bancorp (NASDAQ: MBIN) is the bank holding company for Merchants Bank, a regional financial institution headquartered in Buffalo, New York. Through its network of branches and digital platforms, the company offers a range of banking services across western and central New York. Merchants Bancorp operates as a full‐service commercial bank, serving small and medium-sized businesses, professionals, families and individuals in its core markets.
The company’s primary activities include deposit taking, commercial and consumer lending, mortgage origination, and treasury management services.
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