Merchants Bancorp (NASDAQ:MBIN) Posts Earnings Results, Misses Estimates By $0.25 EPS

Merchants Bancorp (NASDAQ:MBIN) released its quarterly earnings results on Monday. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.25), RTT News reports. The firm had revenue of $355.67 million for the quarter, compared to analysts’ expectations of $156.13 million. Merchants Bancorp had a return on equity of 25.54% and a net margin of 23.14%. During the same quarter last year, the firm posted $1.68 earnings per share.

Merchants Bancorp Trading Up 2.2 %

Shares of MBIN stock opened at $43.89 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.81. The firm has a market cap of $1.90 billion, a P/E ratio of 6.89 and a beta of 1.09. The company has a 50 day moving average of $44.53 and a 200-day moving average of $43.02. Merchants Bancorp has a 12-month low of $28.99 and a 12-month high of $53.27.

Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, September 13th. Merchants Bancorp’s dividend payout ratio is currently 5.65%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MBIN. Morgan Stanley initiated coverage on Merchants Bancorp in a research note on Monday, September 9th. They issued an “equal weight” rating and a $54.00 target price on the stock. Raymond James cut Merchants Bancorp from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $55.00 to $58.00 in a research report on Tuesday, July 30th.

Insider Activity at Merchants Bancorp

In other Merchants Bancorp news, Vice Chairman Randall D. Rogers sold 75,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $44.00, for a total value of $3,300,000.00. Following the completion of the sale, the insider now directly owns 748,000 shares of the company’s stock, valued at $32,912,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Merchants Bancorp news, CEO Michael R. Dury acquired 5,200 shares of the company’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $38.71 per share, with a total value of $201,292.00. Following the completion of the acquisition, the chief executive officer now directly owns 93,793 shares in the company, valued at $3,630,727.03. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Randall D. Rogers sold 75,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $44.00, for a total transaction of $3,300,000.00. Following the transaction, the insider now owns 748,000 shares of the company’s stock, valued at $32,912,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 39.70% of the stock is owned by company insiders.

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.