Analysts expect Merchants Bancorp (NASDAQ:MBIN) to report quarterly sales of $100.40 million


Analysts expect Merchants Bancorp (NASDAQ: MBINGet a rating) to report $100.40 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates of Merchants Bancorp’s earnings, with the lowest sales estimate of $100.00 million and the highest estimate of $100.89 million. Merchants Bancorp reported sales of $115.90 million in the same quarter last year, suggesting a negative 13.4% year-over-year growth rate. The company is due to announce its next quarterly earnings report on Monday, January 1.

On average, analysts expect Merchants Bancorp to report revenue of $410.76 million for the current fiscal year, with estimates ranging from $405.00 to $419.90 million. For the next fiscal year, analysts expect the company to record sales of $431.35 million, with estimates ranging from $422.96 million to $446.10 million. Zacks sales calculations are an average average based on a survey of research analysts who track Merchants Bancorp.

Bancorp Merchants (NASDAQ: MBINGet a rating) last released its results on Monday, January 31. The company reported earnings per share (EPS) of $1.71 for the quarter, beating the consensus estimate of $1.06 by $0.65. The company posted revenue of $113.01 million for the quarter, versus analyst estimates of $98.69 million. Merchants Bancorp had a net margin of 48.40% and a return on equity of 31.42%.

Separately, Zacks Investment Research downgraded Merchants Bancorp shares from a “buy” rating to a “hold” rating in a Tuesday, Feb. 8 research note.

In other news, Vice President Randall D. Rogers acquired 12,145 shares of Merchants Bancorp in a transaction that took place on Tuesday, March 15. The shares were acquired at an average price of $24.50 per share, with a total value of $297,552.50. The acquisition was disclosed in an SEC filing, which is available via this hyperlink. 41.97% of the shares are held by insiders of the company.

A number of institutional investors and hedge funds have recently changed their positions in the company. California State Teachers Retirement System increased its stake in Merchants Bancorp by 2.5% in the fourth quarter. California State Teachers Retirement System now owns 13,822 shares of the company valued at $654,000 after buying 334 additional shares in the last quarter. Rhumbline Advisers increased its stake in Merchants Bancorp by 2.7% in the fourth quarter. Rhumbline Advisers now owns 17,680 shares of the company valued at $837,000 after purchasing an additional 461 shares last quarter. Deutsche Bank AG increased its stake in Merchants Bancorp by 10.5% in the third quarter. Deutsche Bank AG now owns 6,462 shares of the company valued at $255,000 after buying 613 additional shares last quarter. Charles Schwab Investment Management Inc. increased its holdings of Merchants Bancorp shares by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 103,502 shares of the company valued at $4,899,000 after purchasing an additional 755 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in Merchants Bancorp shares by 25.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,348 shares of the company valued at $206,000 after purchasing an additional 884 shares in the last quarter. 15.19% of the shares are currently held by hedge funds and other institutional investors.

Shares of NASDAQ MBIN traded down $0.30 during midday trading on Friday, hitting $25.66. The company’s stock had a trading volume of 66,545 shares, compared to an average trading volume of 62,163 shares. The stock has a market capitalization of $1.11 billion, a price-earnings ratio of 4.81 and a beta of 1.02. The company has a debt ratio of 1.30, a current ratio of 1.13 and a quick ratio of 0.76. Merchants Bancorp has a one-year low of $22.51 and a one-year high of $33.57. The company’s fifty-day simple moving average is $28.27 and its 200-day simple moving average is $29.59.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 1. Investors of record on Tuesday, March 15 received a dividend of $0.07 per share. This is a positive change from Merchants Bancorp’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, March 14. This represents an annualized dividend of $0.28 and a yield of 1.09%. Merchants Bancorp’s dividend payout ratio (DPR) is currently 5.25%.

About Bancorp Merchants (Get a rating)

Merchants Bancorp operates as a diversified bank holding company in the United States. The Company operates through the Multi-Family Mortgage Banking, Mortgage Warehousing and Banking Services segments. The Multifamily Mortgage segment originates and manages government-sponsored mortgage loans for multifamily and healthcare facilities.

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Earnings history and estimates for Merchants Bancorp (NASDAQ:MBIN)



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