Merchants Bancorp to Issue Quarterly Dividend of $0.11 (NASDAQ:MBIN)

Merchants Bancorp (NASDAQ:MBIN) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Monday, June 15th will be given a dividend of 0.11 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, June 15th.

Merchants Bancorp has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Merchants Bancorp has a dividend payout ratio of 8.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Merchants Bancorp to earn $5.70 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 7.7%.

Merchants Bancorp Trading Up 1.1%

NASDAQ MBIN opened at $46.54 on Friday. The firm has a 50 day simple moving average of $45.36 and a 200-day simple moving average of $39.95. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.89 and a current ratio of 1.26. Merchants Bancorp has a one year low of $28.75 and a one year high of $50.26. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 11.35 and a beta of 1.16.

Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.16 by $0.09. Merchants Bancorp had a net margin of 16.64% and a return on equity of 13.40%. The business had revenue of $175.25 million during the quarter, compared to analyst estimates of $174.30 million. Equities research analysts anticipate that Merchants Bancorp will post 5.21 EPS for the current fiscal year.

Merchants Bancorp Company Profile

Merchants Bancorp (NASDAQ: MBIN) is the bank holding company for Merchants Bank, a regional financial institution headquartered in Buffalo, New York. Through its network of branches and digital platforms, the company offers a range of banking services across western and central New York. Merchants Bancorp operates as a full‐service commercial bank, serving small and medium-sized businesses, professionals, families and individuals in its core markets.

The company’s primary activities include deposit taking, commercial and consumer lending, mortgage origination, and treasury management services.