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

Merchants Bancorp (NASDAQ:MBIN) issued its earnings results on Monday. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.43, Yahoo Finance reports. The business had revenue of $355.05 million for the quarter, compared to analyst estimates of $144.15 million. Merchants Bancorp had a net margin of 23.42% and a return on equity of 25.38%.

Merchants Bancorp Stock Up 0.6 %

Shares of NASDAQ:MBIN opened at $39.27 on Tuesday. The company’s fifty day moving average is $41.19 and its 200-day moving average is $38.44. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.77 and a current ratio of 0.99. Merchants Bancorp has a 52 week low of $21.50 and a 52 week high of $48.68. The company has a market capitalization of $1.70 billion, a PE ratio of 6.96 and a beta of 1.18.

Merchants Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid 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 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, March 14th. Merchants Bancorp’s dividend payout ratio is currently 6.38%.

Analyst Upgrades and Downgrades

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

Merchants Bancorp Company Profile

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.