Merchants Bancorp (NASDAQ:MBIN) announced its earnings results on Wednesday. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.48 by $0.83, Zacks reports. The company had revenue of $77.42 million for the quarter, compared to analysts’ expectations of $52.81 million. Merchants Bancorp had a return on equity of 26.42% and a net margin of 34.98%.
Merchants Bancorp stock opened at $18.43 on Friday. The business’s 50-day simple moving average is $17.09 and its 200 day simple moving average is $17.05. The stock has a market cap of $549.84 million, a price-to-earnings ratio of 5.37 and a beta of 1.04. Merchants Bancorp has a 12-month low of $12.37 and a 12-month high of $21.90. The company has a quick ratio of 0.68, a current ratio of 1.09 and a debt-to-equity ratio of 0.97.
MBIN has been the topic of several research analyst reports. Zacks Investment Research cut Merchants Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Piper Sandler increased their target price on Merchants Bancorp from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday. BidaskClub cut Merchants Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. SunTrust Banks raised their price target on Merchants Bancorp from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, ValuEngine cut Merchants Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.25.
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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