Merchants Bancorp (NASDAQ:MBIN) Posts Quarterly Earnings Results, Beats Estimates By $0.43 EPS

Merchants Bancorp (NASDAQ:MBIN) issued its earnings results on Monday. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.37 by $0.43, Yahoo Finance reports. Merchants Bancorp had a return on equity of 25.38% and a net margin of 23.42%.

Merchants Bancorp Stock Performance

MBIN opened at $39.27 on Tuesday. The business has a fifty day simple moving average of $41.19 and a 200 day simple moving average of $38.44. The company has a market capitalization of $1.70 billion, a PE ratio of 6.96 and a beta of 1.18. Merchants Bancorp has a 1 year low of $21.50 and a 1 year high of $48.68. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.77.

Merchants Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.09 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 0.92%. Merchants Bancorp’s payout ratio is 6.38%.

Analyst Ratings Changes

Separately, Raymond James lifted their target price on Merchants Bancorp from $44.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 30th.

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.