Merchants Bancorp (MBIN) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Merchants Bancorp (NASDAQ:MBIN) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Merchants Bancorp is a diversified bank holding company. It provides multi-family housing and health care facility financing, mortgage warehousing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking services, through its subsidiaries. Merchants Bancorp is based in Carmel, United States. “

Separately, ValuEngine upgraded Merchants Bancorp from a sell rating to a hold rating in a research report on Wednesday, January 2nd.

Shares of MBIN traded up $0.55 during mid-day trading on Wednesday, hitting $22.91. The stock had a trading volume of 36,032 shares, compared to its average volume of 19,740. The firm has a market cap of $657.61 million, a price-to-earnings ratio of 11.07 and a beta of 0.96. The company has a current ratio of 1.05, a quick ratio of 0.79 and a debt-to-equity ratio of 0.51. Merchants Bancorp has a fifty-two week low of $18.85 and a fifty-two week high of $29.15.

Merchants Bancorp (NASDAQ:MBIN) last issued its earnings results on Tuesday, April 30th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.19). The firm had revenue of $27.80 million during the quarter, compared to analyst estimates of $35.95 million. Merchants Bancorp had a return on equity of 15.97% and a net margin of 30.23%. On average, sell-side analysts predict that Merchants Bancorp will post 2.14 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Boston Partners lifted its holdings in shares of Merchants Bancorp by 1.9% in the 1st quarter. Boston Partners now owns 163,585 shares of the company’s stock worth $3,517,000 after purchasing an additional 3,118 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Merchants Bancorp by 810.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,351 shares of the company’s stock worth $72,000 after purchasing an additional 2,983 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Merchants Bancorp by 2.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 46,683 shares of the company’s stock worth $1,004,000 after purchasing an additional 930 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Merchants Bancorp by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 184,428 shares of the company’s stock worth $3,681,000 after purchasing an additional 20,696 shares during the last quarter. Finally, Context BH Capital Management LP lifted its holdings in shares of Merchants Bancorp by 124.9% in the 4th quarter. Context BH Capital Management LP now owns 22,693 shares of the company’s stock worth $453,000 after purchasing an additional 12,601 shares during the last quarter. Institutional investors own 22.22% of the company’s stock.

About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. The company 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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