Analysts Set Merchants Bancorp (NASDAQ:MBIN) Price Target at $40.25

Merchants Bancorp (NASDAQ:MBIN) has been given a consensus rating of “Hold” by the five analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $40.25.

MBIN has been the subject of a number of research analyst reports. Zacks Research upgraded Merchants Bancorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Piper Sandler reiterated an “overweight” rating and issued a $42.00 price objective (up previously from $41.00) on shares of Merchants Bancorp in a report on Thursday, October 30th. UBS Group set a $42.00 target price on shares of Merchants Bancorp in a report on Thursday, October 30th. Wall Street Zen raised shares of Merchants Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Raymond James Financial reiterated an “outperform” rating and set a $38.00 target price (down from $40.00) on shares of Merchants Bancorp in a report on Wednesday, October 29th.

Insider Activity at Merchants Bancorp

In related news, CAO Darin L. Thomas purchased 3,353 shares of Merchants Bancorp stock in a transaction dated Friday, August 22nd. The stock was purchased at an average cost of $29.71 per share, for a total transaction of $99,617.63. Following the completion of the acquisition, the chief accounting officer directly owned 2,250 shares of the company’s stock, valued at $66,847.50. The trade was a -303.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 34.80% of the company’s stock.

Institutional Trading of Merchants Bancorp

Several institutional investors have recently bought and sold shares of MBIN. Russell Investments Group Ltd. raised its holdings in Merchants Bancorp by 56.9% in the 1st quarter. Russell Investments Group Ltd. now owns 86,629 shares of the company’s stock worth $3,205,000 after acquiring an additional 31,433 shares during the last quarter. Elser Financial Planning Inc bought a new stake in shares of Merchants Bancorp in the 2nd quarter worth $934,497,000. Vanguard Group Inc. raised its stake in shares of Merchants Bancorp by 2.2% in the first quarter. Vanguard Group Inc. now owns 1,233,965 shares of the company’s stock worth $45,657,000 after purchasing an additional 26,111 shares during the last quarter. Inspire Investing LLC bought a new position in shares of Merchants Bancorp during the second quarter valued at $390,000. Finally, Nuveen LLC bought a new position in shares of Merchants Bancorp during the first quarter valued at $5,275,000. 24.57% of the stock is owned by hedge funds and other institutional investors.

Merchants Bancorp Price Performance

MBIN opened at $31.52 on Friday. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.88 and a current ratio of 1.20. The stock has a market capitalization of $1.45 billion, a PE ratio of 7.25 and a beta of 1.33. The stock’s 50 day moving average price is $32.00 and its 200-day moving average price is $32.39. Merchants Bancorp has a 52-week low of $27.25 and a 52-week high of $43.82.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.18. The company had revenue of $171.07 million during the quarter, compared to analyst estimates of $163.90 million. Merchants Bancorp had a return on equity of 15.37% and a net margin of 17.73%. On average, equities research analysts predict that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, September 15th. Merchants Bancorp’s payout ratio is 9.20%.

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.