Merchants Bancorp (NASDAQ:MBIN) Expected to Post Earnings of $0.53 Per Share

Brokerages expect Merchants Bancorp (NASDAQ:MBIN) to announce $0.53 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Merchants Bancorp’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.32. Merchants Bancorp posted earnings of $0.34 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 55.9%. The business is scheduled to issue its next earnings results on Tuesday, May 5th.

According to Zacks, analysts expect that Merchants Bancorp will report full-year earnings of $2.18 per share for the current fiscal year, with EPS estimates ranging from $1.92 to $2.32. For the next fiscal year, analysts forecast that the company will report earnings of $2.19 per share, with EPS estimates ranging from $1.99 to $2.39. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Merchants Bancorp.

Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.34. Merchants Bancorp had a return on equity of 19.24% and a net margin of 29.85%. The business had revenue of $60.32 million during the quarter, compared to analyst estimates of $43.71 million.

A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded Merchants Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday, January 7th. ValuEngine downgraded Merchants Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Raymond James increased their price objective on Merchants Bancorp from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, BidaskClub raised Merchants Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday.

Shares of NASDAQ:MBIN traded down $0.17 during midday trading on Friday, reaching $21.12. The company had a trading volume of 23,602 shares, compared to its average volume of 31,381. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.07. Merchants Bancorp has a 1-year low of $14.64 and a 1-year high of $24.79. The firm has a market cap of $606.27 million, a price-to-earnings ratio of 8.91 and a beta of 1.24. The company has a fifty day simple moving average of $19.68 and a two-hundred day simple moving average of $17.71.

Institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can purchased a new stake in Merchants Bancorp in the 4th quarter worth about $26,000. Royal Bank of Canada lifted its stake in Merchants Bancorp by 71.1% in the 2nd quarter. Royal Bank of Canada now owns 3,250 shares of the company’s stock worth $55,000 after acquiring an additional 1,350 shares in the last quarter. Citigroup Inc. lifted its stake in Merchants Bancorp by 44.1% in the 4th quarter. Citigroup Inc. now owns 2,929 shares of the company’s stock worth $58,000 after acquiring an additional 897 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Merchants Bancorp by 110.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,110 shares of the company’s stock worth $101,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Merchants Bancorp in the 4th quarter worth about $123,000. 21.39% of the stock is owned by hedge funds and other institutional investors.

About Merchants Bancorp

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

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