Analysts Expect Merchants Bancorp (MBIN) to Post $0.55 EPS
Equities analysts forecast that Merchants Bancorp (NASDAQ:MBIN) will post earnings of $0.55 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Merchants Bancorp’s earnings. Merchants Bancorp posted earnings of $0.47 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 17%. The company is scheduled to report its next earnings report on Thursday, February 14th.
On average, analysts expect that Merchants Bancorp will report full year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.11 to $2.13. For the next fiscal year, analysts forecast that the business will post earnings of $2.33 per share, with EPS estimates ranging from $2.27 to $2.40. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.55 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.55. Merchants Bancorp had a return on equity of 17.99% and a net margin of 38.21%. The business had revenue of $35.39 million for the quarter, compared to the consensus estimate of $35.10 million.
Shares of MBIN stock opened at $22.96 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.73 and a debt-to-equity ratio of 0.54. Merchants Bancorp has a twelve month low of $17.25 and a twelve month high of $29.15. The company has a market capitalization of $671.73 million and a P/E ratio of 11.48.
Several hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC raised its stake in shares of Merchants Bancorp by 44.7% in the 3rd quarter. Janus Henderson Group PLC now owns 910,287 shares of the company’s stock valued at $23,139,000 after acquiring an additional 281,070 shares in the last quarter. BlackRock Inc. raised its stake in shares of Merchants Bancorp by 1.4% in the 3rd quarter. BlackRock Inc. now owns 819,682 shares of the company’s stock valued at $20,836,000 after acquiring an additional 11,138 shares in the last quarter. Northern Trust Corp raised its stake in shares of Merchants Bancorp by 111.4% in the 2nd quarter. Northern Trust Corp now owns 164,266 shares of the company’s stock valued at $4,687,000 after acquiring an additional 86,547 shares in the last quarter. Millennium Management LLC raised its stake in shares of Merchants Bancorp by 111.1% in the 2nd quarter. Millennium Management LLC now owns 71,157 shares of the company’s stock valued at $2,030,000 after acquiring an additional 37,443 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Merchants Bancorp by 61.4% in the 3rd quarter. First Trust Advisors LP now owns 65,479 shares of the company’s stock valued at $1,664,000 after acquiring an additional 24,922 shares in the last quarter. 22.54% of the stock is currently owned by institutional investors and hedge funds.
About Merchants Bancorp
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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