Wall Street brokerages expect Merchants Bancorp (NASDAQ:MBIN) to post $26.95 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Merchants Bancorp’s earnings, with the highest sales estimate coming in at $28.10 million and the lowest estimate coming in at $25.80 million. The company is scheduled to report its next earnings report on Thursday, May 10th.
According to Zacks, analysts expect that Merchants Bancorp will report full-year sales of $129.55 million for the current financial year, with estimates ranging from $127.50 million to $131.60 million. For the next fiscal year, analysts expect that the business will post sales of $145.80 million per share, with estimates ranging from $144.60 million to $147.00 million. Zacks’ sales averages are an average based on a survey of research firms that follow Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.08. The firm had revenue of $33.86 million for the quarter, compared to the consensus estimate of $26.89 million.
A number of institutional investors have recently added to or reduced their stakes in the stock. Fairfield Bush & CO. bought a new position in Merchants Bancorp during the 4th quarter worth approximately $433,000. Millennium Management LLC bought a new position in Merchants Bancorp during the 4th quarter worth approximately $922,000. TIAA CREF Investment Management LLC bought a new position in Merchants Bancorp in the fourth quarter valued at approximately $220,000. Teachers Advisors LLC bought a new position in Merchants Bancorp in the fourth quarter valued at approximately $164,000. Finally, California State Teachers Retirement System bought a new position in Merchants Bancorp in the fourth quarter valued at approximately $225,000. 21.08% of the stock is currently owned by institutional investors and hedge funds.
Merchants Bancorp stock traded up $0.14 during midday trading on Monday, hitting $20.64. 30,553 shares of the stock were exchanged, compared to its average volume of 49,087. Merchants Bancorp has a 52 week low of $16.27 and a 52 week high of $23.76. The firm has a market capitalization of $588.19 and a price-to-earnings ratio of 10.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.98 and a quick ratio of 0.64.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were paid a dividend of $0.06 per share. This is a positive change from Merchants Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, March 14th. This represents a $0.24 annualized dividend and a yield of 1.16%. Merchants Bancorp’s dividend payout ratio (DPR) is presently 12.18%.
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Merchants Bancorp Company Profile
Merchants Bancorp operates as a bank holding company for Merchants Bank of Indiana that provides various banking products and services in the United States. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
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