Merchants Bancorp (NASDAQ:MBIN) Issues Earnings Results

Merchants Bancorp (NASDAQ:MBIN) issued its quarterly earnings data on Monday. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.37 by $0.43, Yahoo Finance reports. The business had revenue of $355.05 million during the quarter, compared to analyst estimates of $144.15 million. Merchants Bancorp had a net margin of 23.55% and a return on equity of 27.51%.

Merchants Bancorp Stock Performance

Shares of MBIN stock opened at $41.60 on Thursday. The company’s fifty day moving average price is $41.17 and its 200-day moving average price is $38.55. The stock has a market cap of $1.80 billion, a PE ratio of 6.53 and a beta of 1.17. The company has a current ratio of 0.99, a quick ratio of 0.77 and a debt-to-equity ratio of 0.80. Merchants Bancorp has a 12 month low of $21.50 and a 12 month high of $48.68.

Merchants Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.87%. This is a positive change from Merchants Bancorp’s previous quarterly dividend of $0.08. Merchants Bancorp’s dividend payout ratio (DPR) is currently 5.65%.

Analyst Ratings Changes

Separately, Raymond James increased their price target on shares of Merchants Bancorp from $44.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 30th.

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.