$0.55 EPS Expected for Merchants Bancorp (MBIN) This Quarter

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Equities analysts forecast that Merchants Bancorp (NASDAQ:MBIN) will report earnings per share (EPS) of $0.55 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Merchants Bancorp’s earnings. Merchants Bancorp reported earnings per share of $0.47 during the same quarter last year, which would suggest a positive year-over-year growth rate of 17%. The company is expected to report its next quarterly earnings report on Thursday, February 14th.

On average, analysts expect that Merchants Bancorp will report full-year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.11 to $2.13. For the next year, analysts anticipate that the business will report earnings of $2.33 per share, with EPS estimates ranging from $2.27 to $2.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Merchants Bancorp.

Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. Merchants Bancorp had a net margin of 38.21% and a return on equity of 17.99%. The firm had revenue of $35.39 million for the quarter, compared to analyst estimates of $35.10 million.

MBIN has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Merchants Bancorp from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 13th. Sandler O’Neill reiterated a “buy” rating on shares of Merchants Bancorp in a research report on Thursday, August 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Merchants Bancorp has an average rating of “Buy” and a consensus target price of $21.60.

NASDAQ:MBIN opened at $22.96 on Wednesday. Merchants Bancorp has a 1-year low of $17.25 and a 1-year high of $29.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.73 and a current ratio of 1.03. The firm has a market capitalization of $671.73 million and a P/E ratio of 11.48.

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new position in Merchants Bancorp in the 2nd quarter valued at $109,000. ClariVest Asset Management LLC purchased a new stake in shares of Merchants Bancorp during the 2nd quarter worth $146,000. Bank of America Corp DE boosted its position in shares of Merchants Bancorp by 35.4% during the 2nd quarter. Bank of America Corp DE now owns 10,044 shares of the company’s stock worth $286,000 after purchasing an additional 2,628 shares in the last quarter. Delphi Management Inc. MA purchased a new stake in shares of Merchants Bancorp during the 2nd quarter worth $291,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Merchants Bancorp during the 3rd quarter worth $405,000. Hedge funds and other institutional investors own 22.54% of the company’s stock.

About Merchants Bancorp

Merchants Bancorp operates as a diversified bank holding company in the United States. It 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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