Merchants Bancorp (NASDAQ:MBIN) Releases Earnings Results, Beats Expectations By $0.58 EPS

Merchants Bancorp (NASDAQ:MBIN) posted its earnings results on Tuesday. The company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.58, Zacks reports. Merchants Bancorp had a net margin of 21.33% and a return on equity of 22.36%.

Merchants Bancorp Trading Down 1.8 %

MBIN traded down $0.71 during trading on Tuesday, hitting $39.76. The company’s stock had a trading volume of 324,451 shares, compared to its average volume of 161,087. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85. The stock has a market cap of $1.82 billion, a PE ratio of 6.58 and a beta of 1.14. Merchants Bancorp has a twelve month low of $34.16 and a twelve month high of $53.27. The firm’s 50 day moving average price is $38.09 and its 200-day moving average price is $41.77.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.91%. Merchants Bancorp’s payout ratio is 5.96%.

Insider Buying and Selling

In other Merchants Bancorp news, Director Patrick D. O’brien purchased 40,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $25.00 per share, with a total value of $1,000,000.00. Following the completion of the acquisition, the director now owns 40,000 shares in the company, valued at approximately $1,000,000. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 39.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MBIN. Piper Sandler lifted their target price on shares of Merchants Bancorp from $48.00 to $52.50 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Raymond James lowered their target price on shares of Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th.

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.