Merchants Bancorp (NASDAQ:MBIN) Earns Hold (C) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "hold (c)" rating for Merchants Bancorp (NASDAQ:MBIN), despite varying viewpoints from other analysts.
• The company's most recent earnings report showed an earnings per share (EPS) of $0.60, significantly missing expectations of $1.12, although revenue exceeded estimates at $179.20 million.
• Merchants Bancorp's market capitalization is approximately $1.48 billion, with shares currently trading around $32.18, reflecting an increase of 0.3%.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report)'s stock had its "hold (c)" rating reiterated by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other analysts also recently weighed in on the company. Raymond James Financial reiterated an "outperform" rating and issued a $40.00 price objective (down previously from $41.00) on shares of Merchants Bancorp in a research report on Tuesday, July 29th. Wall Street Zen downgraded Merchants Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Piper Sandler restated an "overweight" rating and set a $41.00 target price (down previously from $42.00) on shares of Merchants Bancorp in a report on Wednesday, July 30th. Finally, Morgan Stanley restated an "underperform" rating and set a $39.00 target price (up previously from $34.00) on shares of Merchants Bancorp in a report on Monday, September 29th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $40.00.

Merchants Bancorp Stock Up 0.3%

Shares of MBIN opened at $32.18 on Wednesday. The firm has a market cap of $1.48 billion, a P/E ratio of 7.07 and a beta of 1.29. The stock has a 50 day simple moving average of $31.96 and a two-hundred day simple moving average of $32.82. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.20 and a quick ratio of 0.88. Merchants Bancorp has a 1 year low of $27.25 and a 1 year high of $46.78.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.52). Merchants Bancorp had a net margin of 18.06% and a return on equity of 16.06%. The company had revenue of $179.20 million during the quarter, compared to the consensus estimate of $161.10 million. On average, analysts forecast that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.

Insider Transactions at Merchants Bancorp

In other news, CAO Darin L. Thomas acquired 3,353 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was acquired at an average price of $29.71 per share, for a total transaction of $99,617.63. Following the completion of the acquisition, the chief accounting officer owned 2,250 shares in the company, valued at $66,847.50. This trade represents a -303.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 34.80% of the company's stock.

Institutional Investors Weigh In On Merchants Bancorp

A number of institutional investors have recently modified their holdings of MBIN. Elser Financial Planning Inc purchased a new stake in shares of Merchants Bancorp in the second quarter worth $934,497,000. FJ Capital Management LLC purchased a new stake in shares of Merchants Bancorp in the first quarter worth $11,699,000. Nuveen LLC purchased a new stake in shares of Merchants Bancorp in the first quarter worth $5,275,000. Royce & Associates LP grew its stake in shares of Merchants Bancorp by 21.2% in the first quarter. Royce & Associates LP now owns 686,507 shares of the company's stock worth $25,401,000 after acquiring an additional 120,262 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Merchants Bancorp by 17.4% in the second quarter. Geode Capital Management LLC now owns 681,486 shares of the company's stock worth $22,539,000 after acquiring an additional 101,139 shares during the last quarter. 24.57% of the stock is owned by hedge funds and other institutional investors.

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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