Merchants Bancorp (NASDAQ:MBIN – Get Free Report) shares gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $52.10, but opened at $50.00. Merchants Bancorp shares last traded at $46.43, with a volume of 24,859 shares trading hands.
The company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.08). Merchants Bancorp had a return on equity of 26.65% and a net margin of 23.55%. The firm had revenue of $359.62 million during the quarter, compared to the consensus estimate of $160.70 million. During the same quarter in the previous year, the firm earned $1.31 EPS.
Merchants Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a $0.09 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.78%. Merchants Bancorp’s dividend payout ratio (DPR) is currently 5.65%.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Merchants Bancorp
Institutional Trading of Merchants Bancorp
Large investors have recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC purchased a new stake in Merchants Bancorp during the fourth quarter valued at $26,000. AJOVista LLC bought a new position in shares of Merchants Bancorp in the 4th quarter valued at about $86,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Merchants Bancorp by 79.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,755 shares of the company’s stock valued at $193,000 after acquiring an additional 2,101 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Merchants Bancorp by 45.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,648 shares of the company’s stock worth $198,000 after acquiring an additional 1,463 shares in the last quarter. Finally, Wellington Wealth Strategies LLC. purchased a new stake in Merchants Bancorp during the first quarter valued at approximately $202,000. Institutional investors own 24.57% of the company’s stock.
Merchants Bancorp Trading Down 10.9 %
The company has a current ratio of 1.06, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average price of $42.47 and a two-hundred day moving average price of $42.07. The stock has a market cap of $2.01 billion, a P/E ratio of 8.18 and a beta of 1.12.
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.
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