Merchants Bancorp (MBIN) to Issue Quarterly Dividend of $0.06 on December 31st

Merchants Bancorp (NASDAQ:MBIN) declared a quarterly dividend on Thursday, November 15th, Wall Street Journal reports. Investors of record on Friday, December 14th will be given a dividend of 0.06 per share on Monday, December 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, December 13th.

MBIN opened at $20.98 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.73 and a current ratio of 1.03. Merchants Bancorp has a fifty-two week low of $18.51 and a fifty-two week high of $29.15. The firm has a market cap of $619.79 million, a P/E ratio of 10.59 and a beta of 0.69.

Merchants Bancorp (NASDAQ:MBIN) last released its earnings results on Tuesday, October 30th. The company reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. Merchants Bancorp had a net margin of 38.21% and a return on equity of 17.63%. The company had revenue of $35.39 million for the quarter, compared to analysts’ expectations of $35.10 million. As a group, equities analysts expect that Merchants Bancorp will post 2.11 earnings per share for the current year.

Separately, Zacks Investment Research cut shares of Merchants Bancorp from a “hold” rating to a “strong sell” rating in a research note on Saturday, October 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $22.33.

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Merchants Bancorp Company Profile

Merchants Bancorp operates as a diversified bank holding company in the United States. It 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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Dividend History for Merchants Bancorp (NASDAQ:MBIN)

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