Merchants Bancorp (NASDAQ:MBIN – Get Free Report) announced its quarterly earnings data on Monday. The company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.08), Yahoo Finance reports. The firm had revenue of $359.62 million during the quarter, compared to the consensus estimate of $160.70 million. Merchants Bancorp had a return on equity of 26.78% and a net margin of 23.14%. During the same quarter in the prior year, the business posted $1.31 EPS.
Merchants Bancorp Price Performance
Merchants Bancorp stock traded up $1.15 during trading hours on Wednesday, hitting $45.41. 199,808 shares of the stock were exchanged, compared to its average volume of 179,850. The stock has a market capitalization of $1.97 billion, a P/E ratio of 6.95 and a beta of 1.12. The business’s 50-day moving average is $42.51 and its two-hundred day moving average is $42.09. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 1.06. Merchants Bancorp has a 12 month low of $25.78 and a 12 month high of $53.27.
Merchants Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, June 14th. Merchants Bancorp’s dividend payout ratio is currently 5.65%.
Wall Street Analyst Weigh In
View Our Latest Analysis on MBIN
About Merchants Bancorp
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.
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