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

Merchants Bancorp (NASDAQ:MBIN) issued its quarterly 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 %

Merchants Bancorp stock traded down $0.71 during trading hours on Tuesday, reaching $39.76. The stock had a trading volume of 329,153 shares, compared to its average volume of 164,373. The stock has a market cap of $1.82 billion, a PE ratio of 6.58 and a beta of 1.14. The company has a fifty day simple moving average of $38.09 and a 200-day simple moving average of $41.77. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85. Merchants Bancorp has a 52 week low of $34.16 and a 52 week high of $53.27.

Merchants Bancorp Dividend Announcement

The company also recently declared 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 was Friday, December 13th. This represents a $0.36 annualized dividend and a yield of 0.91%. Merchants Bancorp’s payout ratio is currently 5.96%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MBIN. Piper Sandler lifted their target price on shares of Merchants Bancorp from $48.00 to $52.50 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Raymond James decreased their price objective on Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th.

Insider Activity

In related news, Director Patrick D. O’brien purchased 40,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $25.00 per share, with a total value of $1,000,000.00. Following the completion of the purchase, the director now directly owns 40,000 shares in the company, valued at approximately $1,000,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 39.70% of the company’s stock.

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.