Brokerages Anticipate Merchants Bancorp (NASDAQ:MBIN) Will Post Quarterly Sales of $92.33 Million
Equities research analysts predict that Merchants Bancorp (NASDAQ:MBIN) will announce sales of $92.33 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Merchants Bancorp’s earnings, with estimates ranging from $79.10 million to $100.00 million. Merchants Bancorp reported sales of $58.26 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 58.5%. The company is scheduled to report its next earnings report on Thursday, April 22nd.
According to Zacks, analysts expect that Merchants Bancorp will report full-year sales of $362.52 million for the current fiscal year, with estimates ranging from $335.20 million to $393.00 million. For the next financial year, analysts expect that the company will post sales of $348.29 million, with estimates ranging from $314.60 million to $406.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings results on Wednesday, January 27th. The company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.46. The business had revenue of $111.96 million during the quarter, compared to analysts’ expectations of $91.19 million. Merchants Bancorp had a net margin of 40.10% and a return on equity of 31.07%.
NASDAQ:MBIN traded down $0.36 during trading hours on Monday, reaching $40.31. The company had a trading volume of 370 shares, compared to its average volume of 63,458. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 2.97. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 8.56 and a beta of 1.10. The business’s 50-day simple moving average is $38.64 and its two-hundred day simple moving average is $29.40. Merchants Bancorp has a twelve month low of $12.70 and a twelve month high of $44.72.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Monday, March 15th were given a dividend of $0.09 per share. This is a positive change from Merchants Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, March 12th. Merchants Bancorp’s dividend payout ratio (DPR) is presently 15.19%.
In other news, insider Susan Dehner Kucer purchased 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. The shares were bought at an average cost of $25.00 per share, with a total value of $200,000.00. Following the completion of the transaction, the insider now directly owns 8,000 shares of the company’s stock, valued at $200,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David N. Shane purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $50,000. The disclosure for this purchase can be found here. Insiders have purchased 14,000 shares of company stock worth $356,200 over the last three months. 43.42% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Ritholtz Wealth Management purchased a new position in shares of Merchants Bancorp in the fourth quarter worth about $205,000. Kessler Investment Group LLC purchased a new position in shares of Merchants Bancorp in the fourth quarter worth about $210,000. Globeflex Capital L P purchased a new position in shares of Merchants Bancorp in the fourth quarter worth about $254,000. State of Wisconsin Investment Board purchased a new position in shares of Merchants Bancorp in the fourth quarter worth about $257,000. Finally, Zebra Capital Management LLC purchased a new position in shares of Merchants Bancorp in the third quarter worth about $260,000. 21.45% of the stock is currently owned by institutional investors and hedge funds.
About Merchants Bancorp
Merchants Bancorp operates as the diversified bank holding company in the United States. The company 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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