Merchants Bancorp (NASDAQ:MBIN) Plans Quarterly Dividend of $0.11

Merchants Bancorp (NASDAQ:MBIN) declared a quarterly dividend on Thursday, February 19th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.11 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, March 13th. This is a 10.0% increase from Merchants Bancorp’s previous quarterly dividend of $0.10.

Merchants Bancorp has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 8 years. Merchants Bancorp has a payout ratio of 7.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Merchants Bancorp to earn $5.95 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.7%.

Merchants Bancorp Trading Up 0.4%

Shares of NASDAQ:MBIN traded up $0.19 during mid-day trading on Friday, hitting $45.24. The stock had a trading volume of 68,140 shares, compared to its average volume of 399,348. The company has a market cap of $2.08 billion, a PE ratio of 11.97 and a beta of 1.27. The company’s 50 day moving average is $38.07 and its 200-day moving average is $34.24. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.80 and a current ratio of 1.10. Merchants Bancorp has a 12-month low of $27.25 and a 12-month high of $48.50.

Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.34. The firm had revenue of $168.05 million for the quarter, compared to analyst estimates of $170.80 million. Merchants Bancorp had a return on equity of 13.35% and a net margin of 16.02%. On average, sell-side analysts predict that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Company Profile

Merchants Bancorp (NASDAQ: MBIN) is the bank holding company for Merchants Bank, a regional financial institution headquartered in Buffalo, New York. Through its network of branches and digital platforms, the company offers a range of banking services across western and central New York. Merchants Bancorp operates as a full‐service commercial bank, serving small and medium-sized businesses, professionals, families and individuals in its core markets.

The company’s primary activities include deposit taking, commercial and consumer lending, mortgage origination, and treasury management services.