Merchants Bancorp (NASDAQ:MBIN) Stock Rating Lowered by Wall Street Zen

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

Other equities analysts have also recently issued research reports about the stock. Raymond James Financial restated an "outperform" rating and issued a $41.00 price objective (down previously from $45.00) on shares of Merchants Bancorp in a research note on Tuesday, April 29th. Morgan Stanley dropped their price objective on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th.

Merchants Bancorp Price Performance

Shares of MBIN stock traded down $0.33 during mid-day trading on Friday, reaching $33.07. The company's stock had a trading volume of 205,282 shares, compared to its average volume of 179,201. Merchants Bancorp has a 1-year low of $27.25 and a 1-year high of $53.27. The company has a market cap of $1.52 billion, a P/E ratio of 6.08 and a beta of 1.29. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.88 and a current ratio of 1.20. The firm's 50-day moving average is $32.07 and its two-hundred day moving average is $35.87.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its quarterly earnings data 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). Merchants Bancorp had a net margin of 20.73% and a return on equity of 19.09%. The business had revenue of $287.20 million during the quarter, compared to analyst estimates of $169.00 million. On average, research analysts predict that Merchants Bancorp will post 5.54 earnings per share for the current year.

Institutional Investors Weigh In On Merchants Bancorp

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Merchants Bancorp by 11.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,267,109 shares of the company's stock worth $46,211,000 after purchasing an additional 132,841 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Merchants Bancorp by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 1,233,965 shares of the company's stock worth $45,657,000 after purchasing an additional 26,111 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Merchants Bancorp by 21.2% in the 1st quarter. Royce & Associates LP now owns 686,507 shares of the company's stock worth $25,401,000 after purchasing an additional 120,262 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Merchants Bancorp by 8.0% in the 1st quarter. American Century Companies Inc. now owns 512,942 shares of the company's stock worth $18,979,000 after purchasing an additional 38,038 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Merchants Bancorp by 1.9% in the 1st quarter. Invesco Ltd. now owns 480,622 shares of the company's stock worth $17,783,000 after purchasing an additional 9,192 shares during the last quarter. Institutional investors 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.