Media coverage about Merchants Bancorp (NASDAQ:MBIN) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Merchants Bancorp earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.4006428652586 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of analysts have issued reports on MBIN shares. Sandler O’Neill reiterated a “buy” rating on shares of Merchants Bancorp in a research note on Thursday, August 2nd. Zacks Investment Research cut shares of Merchants Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 4th. Finally, Stephens cut shares of Merchants Bancorp from an “overweight” rating to an “equal weight” rating and set a $21.00 target price for the company. in a research note on Wednesday, July 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $21.60.
Shares of NASDAQ:MBIN traded up $0.06 during trading on Friday, reaching $26.78. The stock had a trading volume of 758 shares, compared to its average volume of 34,167. Merchants Bancorp has a 52 week low of $16.27 and a 52 week high of $29.15. The firm has a market cap of $771.30 million and a price-to-earnings ratio of 13.59. The company has a quick ratio of 0.73, a current ratio of 1.03 and a debt-to-equity ratio of 0.54.
Merchants Bancorp (NASDAQ:MBIN) last released its quarterly earnings results on Monday, July 30th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.06). Merchants Bancorp had a net margin of 37.97% and a return on equity of 17.95%. The firm had revenue of $33.84 million during the quarter, compared to the consensus estimate of $35.60 million. research analysts predict that Merchants Bancorp will post 2.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Saturday, September 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, September 13th. Merchants Bancorp’s dividend payout ratio is 12.18%.
Merchants Bancorp Company Profile
Merchants Bancorp operates as a diversified bank holding company in the United States. It operates in three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
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