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

Merchants Bancorp (NASDAQ:MBIN) released 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 firm had revenue of $355.05 million for the quarter, compared to the consensus estimate of $144.15 million. Merchants Bancorp had a return on equity of 27.51% and a net margin of 23.55%.

Merchants Bancorp Trading Up 3.1 %

Shares of NASDAQ MBIN opened at $41.60 on Thursday. Merchants Bancorp has a fifty-two week low of $21.50 and a fifty-two week high of $48.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.77 and a current ratio of 0.99. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 6.53 and a beta of 1.17. The business’s 50 day moving average price is $41.17 and its 200-day moving average price is $38.55.

Merchants Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.09 per share. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.87%. Merchants Bancorp’s dividend payout ratio is currently 5.65%.

Analyst Ratings Changes

Separately, Raymond James boosted their price objective on shares of Merchants Bancorp from $44.00 to $55.00 and gave the company a “strong-buy” rating in a research report 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.