Analysts expect Merchants Bancorp (NASDAQ:MBIN) to announce $37.60 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Merchants Bancorp’s earnings, with estimates ranging from $37.20 million to $38.00 million. Merchants Bancorp reported sales of $33.84 million during the same quarter last year, which indicates a positive year over year growth rate of 11.1%. The firm is scheduled to issue its next quarterly earnings results on Monday, July 29th.
According to Zacks, analysts expect that Merchants Bancorp will report full-year sales of $148.70 million for the current financial year, with estimates ranging from $144.60 million to $152.80 million. For the next fiscal year, analysts forecast that the business will report sales of $164.60 million, with estimates ranging from $163.70 million to $165.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Merchants Bancorp.
Merchants Bancorp (NASDAQ:MBIN) last issued its earnings results on Tuesday, April 30th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.19). Merchants Bancorp had a net margin of 30.23% and a return on equity of 15.73%. The firm had revenue of $27.80 million during the quarter, compared to analyst estimates of $35.95 million.
MBIN stock traded down $0.13 during midday trading on Friday, reaching $21.89. 4,800 shares of the company were exchanged, compared to its average volume of 27,713. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. Merchants Bancorp has a 1-year low of $18.85 and a 1-year high of $29.15. The stock has a market cap of $622.88 million, a P/E ratio of 10.57 and a beta of 0.96.
Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its position in shares of Merchants Bancorp by 10.7% during the third quarter. Bank of New York Mellon Corp now owns 59,897 shares of the company’s stock worth $1,523,000 after acquiring an additional 5,805 shares during the last quarter. BlackRock Inc. grew its position in shares of Merchants Bancorp by 1.4% during the third quarter. BlackRock Inc. now owns 819,682 shares of the company’s stock worth $20,836,000 after acquiring an additional 11,138 shares during the last quarter. FMR LLC purchased a new position in shares of Merchants Bancorp during the third quarter worth approximately $417,000. Renaissance Technologies LLC purchased a new position in shares of Merchants Bancorp during the third quarter worth approximately $408,000. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Merchants Bancorp during the third quarter worth approximately $312,000. 22.19% of the stock is currently owned by institutional investors.
Merchants Bancorp Company Profile
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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