Zacks Investment Research cut shares of Merchants Bancorp (NASDAQ:MBIN) from a buy rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “Merchants Bancorp is a diversified bank holding company. It provides multi-family housing and health care facility financing, mortgage warehousing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking services, through its subsidiaries. Merchants Bancorp is based in Carmel, United States. “

MBIN has been the subject of several other research reports. Stephens began coverage on shares of Merchants Bancorp in a research report on Tuesday, November 21st. They set an overweight rating and a $21.00 price objective for the company. Raymond James Financial began coverage on shares of Merchants Bancorp in a research report on Tuesday, November 21st. They set an outperform rating and a $20.00 price objective for the company. SunTrust Banks assumed coverage on shares of Merchants Bancorp in a research report on Tuesday, November 21st. They set a buy rating and a $22.00 price objective for the company. Finally, Sandler O’Neill assumed coverage on shares of Merchants Bancorp in a research report on Tuesday, November 21st. They issued a buy rating and a $21.00 price target for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $22.00.

Shares of Merchants Bancorp (MBIN) traded up $0.43 during mid-day trading on Wednesday, hitting $20.50. 27,600 shares of the stock traded hands, compared to its average volume of 43,929. Merchants Bancorp has a one year low of $16.27 and a one year high of $22.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.66.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). sell-side analysts expect that Merchants Bancorp will post 2.09 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of MBIN. Wells Fargo & Company MN acquired a new stake in Merchants Bancorp in the 4th quarter valued at $218,000. The Manufacturers Life Insurance Company acquired a new stake in Merchants Bancorp in the 4th quarter valued at $116,000. Bank of New York Mellon Corp acquired a new stake in Merchants Bancorp in the 4th quarter valued at $389,000. BlackRock Inc. acquired a new stake in Merchants Bancorp in the 4th quarter valued at $6,327,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Merchants Bancorp in the 4th quarter valued at $279,000. 2.62% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2018/02/15/merchants-bancorp-mbin-stock-rating-lowered-by-zacks-investment-research.html.

Merchants Bancorp Company Profile

Merchants Bancorp is a diversified bank holding bank. The Bank operate multiple lines of business with a focus on FHA multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking.

Get a free copy of the Zacks research report on Merchants Bancorp (MBIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.