Merchants Bancorp (NASDAQ:MBIN) Stock Has Consensus Target Price of $55.25 According to Analysts

Shares of Merchants Bancorp (NASDAQ:MBIN - Get Free Report) have received an average recommendation of "Hold" from the five analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $55.25.

MBIN has been the topic of a number of recent analyst reports. Raymond James Financial lowered shares of Merchants Bancorp from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 1st. Zacks Research cut shares of Merchants Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Morgan Stanley set a $65.00 price objective on shares of Merchants Bancorp and gave the stock an "equal weight" rating in a report on Tuesday, September 8th. Piper Sandler decreased their price objective on shares of Merchants Bancorp from $64.00 to $63.00 and set an "overweight" rating for the company in a report on Monday, October 5th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Merchants Bancorp in a research note on Friday, July 31st.

Insider Transactions at Merchants Bancorp

In other Merchants Bancorp news, Director Julia Kaercher sold 9,000 shares of the company's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $55.20, for a total transaction of $496,800.00. Following the completion of the sale, the director directly owned 727,103 shares in the company, valued at $40,136,085.60. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 44.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Merchants Bancorp

Large investors have recently made changes to their positions in the business. USA Financial Formulas bought a new stake in Merchants Bancorp during the 3rd quarter valued at approximately $69,000. NBH Bank bought a new position in Merchants Bancorp in the 2nd quarter worth approximately $113,000. Gamco Investors INC. ET AL bought a new position in Merchants Bancorp in the 1st quarter worth approximately $215,000. Fifth Third Bancorp bought a new position in Merchants Bancorp in the 1st quarter worth approximately $270,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Merchants Bancorp during the first quarter worth approximately $287,000. Institutional investors and hedge funds own 24.57% of the company's stock.

Merchants Bancorp Stock Down 0.4%

Shares of NASDAQ MBIN traded down $0.18 during mid-day trading on Friday, reaching $48.77. 107,308 shares of the company traded hands, compared to its average volume of 215,532. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.89 and a current ratio of 1.21. The stock has a market cap of $2.24 billion, a PE ratio of 9.79 and a beta of 1.21. The company's fifty day moving average is $52.06 and its two-hundred day moving average is $49.57. Merchants Bancorp has a fifty-two week low of $30.37 and a fifty-two week high of $56.87.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.26. Merchants Bancorp had a return on equity of 15.29% and a net margin of 19.80%. The business had revenue of $182.22 million for the quarter, compared to the consensus estimate of $179.00 million. On average, analysts expect that Merchants Bancorp will post 5.57 earnings per share for the current year.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.44 dividend on an annualized basis and a yield of 0.9%. Merchants Bancorp's payout ratio is currently 8.84%.

Merchants Bancorp Company Profile

Merchants Bancorp is a diversified financial services company headquartered in Carmel, Indiana. Through its banking subsidiary, Merchants Bank of Indiana, the company provides a range of banking and specialized finance solutions to commercial and residential customers across the United States.

The company's primary activities include multifamily mortgage banking, mortgage warehouse lending and manufactured housing finance. Its multifamily mortgage business originates and services loans for apartment communities and other residential properties, including financing supported by government-sponsored and government-insured programs.

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