Merchants Bancorp (NASDAQ:MBIN) Downgraded to Sell Rating by Wall Street Zen

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.

A number of other research firms have also commented on MBIN. Morgan Stanley decreased their price objective on Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Raymond James Financial restated an "outperform" rating and issued a $41.00 target price (down from $45.00) on shares of Merchants Bancorp in a report on Tuesday, April 29th.

Merchants Bancorp Price Performance

Shares of MBIN stock traded down $0.20 during trading hours on Friday, hitting $33.40. The company's stock had a trading volume of 1,155,252 shares, compared to its average volume of 180,448. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 2.49. The business has a fifty day moving average of $32.01 and a 200-day moving average of $35.98. Merchants Bancorp has a twelve month low of $27.25 and a twelve month high of $53.27. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 6.14 and a beta of 1.29.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.32). The company had revenue of $287.20 million during the quarter, compared to analysts' expectations of $169.00 million. Merchants Bancorp had a net margin of 20.73% and a return on equity of 19.09%. As a group, equities research analysts anticipate that Merchants Bancorp will post 5.54 EPS for the current year.

Institutional Investors Weigh In On Merchants Bancorp

Hedge funds have recently made changes to their positions in the business. Signaturefd LLC lifted its position in Merchants Bancorp by 182.2% during the first quarter. Signaturefd LLC now owns 731 shares of the company's stock worth $27,000 after buying an additional 472 shares during the period. CWM LLC increased its stake in shares of Merchants Bancorp by 168.9% during the 1st quarter. CWM LLC now owns 1,358 shares of the company's stock valued at $50,000 after acquiring an additional 853 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Merchants Bancorp during the 4th quarter worth about $79,000. Tower Research Capital LLC TRC lifted its holdings in shares of Merchants Bancorp by 118.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,559 shares of the company's stock worth $130,000 after acquiring an additional 1,933 shares during the period. Finally, Matrix Trust Co boosted its position in shares of Merchants Bancorp by 45.0% in the first quarter. Matrix Trust Co now owns 3,830 shares of the company's stock worth $142,000 after acquiring an additional 1,188 shares during the last quarter. Institutional investors and hedge funds own 24.57% of the company's stock.

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.

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