Wall Street brokerages predict that Merchants Bancorp (NASDAQ:MBIN) will post sales of $37.60 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Merchants Bancorp’s earnings. The highest sales estimate is $38.00 million and the lowest is $37.20 million. Merchants Bancorp reported sales of $33.84 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The firm is expected to report its next earnings report on Monday, July 29th.
According to Zacks, analysts expect that Merchants Bancorp will report full year sales of $148.70 million for the current financial year, with estimates ranging from $144.60 million to $152.80 million. For the next year, analysts anticipate that the firm will report sales of $164.60 million, with estimates ranging from $163.70 million to $165.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last released its earnings results on Tuesday, April 30th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.19). Merchants Bancorp had a net margin of 30.23% and a return on equity of 15.73%. The company had revenue of $27.80 million for the quarter, compared to analyst estimates of $35.95 million.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC raised its holdings in Merchants Bancorp by 2.0% during the first quarter. Valeo Financial Advisors LLC now owns 46,683 shares of the company’s stock worth $1,004,000 after buying an additional 930 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Merchants Bancorp by 5.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 46,614 shares of the company’s stock worth $930,000 after buying an additional 2,349 shares during the last quarter. Boston Partners raised its holdings in Merchants Bancorp by 1.8% during the fourth quarter. Boston Partners now owns 160,467 shares of the company’s stock worth $3,203,000 after buying an additional 2,855 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Merchants Bancorp by 810.6% during the first quarter. BNP Paribas Arbitrage SA now owns 3,351 shares of the company’s stock worth $72,000 after buying an additional 2,983 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Merchants Bancorp by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,589 shares of the company’s stock worth $112,000 after buying an additional 4,365 shares during the last quarter. Hedge funds and other institutional investors own 22.43% of the company’s stock.
Merchants Bancorp stock opened at $15.64 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.13 and a debt-to-equity ratio of 0.87. Merchants Bancorp has a 12-month low of $15.47 and a 12-month high of $28.93. The company’s fifty day moving average is $19.33. The firm has a market cap of $466.66 million, a P/E ratio of 7.56 and a beta of 1.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Saturday, June 15th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.28 annualized dividend and a yield of 1.79%. Merchants Bancorp’s payout ratio is 13.53%.
Merchants Bancorp Company Profile
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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