Wall Street analysts expect Merchants Bancorp (NASDAQ:MBIN) to report $41.95 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Merchants Bancorp’s earnings. The lowest sales estimate is $41.00 million and the highest is $42.89 million. Merchants Bancorp reported sales of $35.39 million during the same quarter last year, which indicates a positive year-over-year growth rate of 18.5%. The firm is expected to report its next quarterly earnings results on Tuesday, October 29th.
On average, analysts expect that Merchants Bancorp will report full-year sales of $147.37 million for the current fiscal year, with estimates ranging from $145.70 million to $149.03 million. For the next fiscal year, analysts forecast that the company will report sales of $160.40 million, with estimates ranging from $155.40 million to $165.40 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. Merchants Bancorp had a net margin of 28.72% and a return on equity of 15.42%. The company had revenue of $37.79 million during the quarter.
In related news, insider Michael R. Dury purchased 12,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was purchased at an average cost of $16.71 per share, with a total value of $200,520.00. 43.42% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in Merchants Bancorp by 71.1% during the 2nd quarter. Royal Bank of Canada now owns 3,250 shares of the company’s stock valued at $55,000 after purchasing an additional 1,350 shares during the period. JPMorgan Chase & Co. raised its position in Merchants Bancorp by 93.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,749 shares of the company’s stock worth $131,000 after purchasing an additional 3,751 shares during the period. Crescent Grove Advisors LLC purchased a new stake in Merchants Bancorp in the 2nd quarter worth about $171,000. Strs Ohio raised its position in Merchants Bancorp by 400.0% in the 2nd quarter. Strs Ohio now owns 10,500 shares of the company’s stock worth $178,000 after purchasing an additional 8,400 shares during the period. Finally, Swiss National Bank raised its position in Merchants Bancorp by 6.7% in the 2nd quarter. Swiss National Bank now owns 16,000 shares of the company’s stock worth $272,000 after purchasing an additional 1,000 shares during the period. 21.68% of the stock is owned by hedge funds and other institutional investors.
NASDAQ MBIN traded down $0.11 on Friday, hitting $15.76. 21,663 shares of the stock traded hands, compared to its average volume of 42,397. The business’s fifty day moving average is $16.21 and its two-hundred day moving average is $18.40. Merchants Bancorp has a 12 month low of $14.64 and a 12 month high of $25.43. The firm has a market capitalization of $457.01 million, a price-to-earnings ratio of 7.61 and a beta of 1.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 1.04.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Sunday, September 15th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, September 12th. Merchants Bancorp’s dividend payout ratio (DPR) is 13.53%.
Merchants Bancorp Company Profile
Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates in three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
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