Merchants Bancorp (NASDAQ:MBIN) Posts Quarterly Earnings Results, Misses Estimates By $0.32 EPS

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.93 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.32), Zacks reports. Merchants Bancorp had a return on equity of 22.86% and a net margin of 22.08%. The company had revenue of $287.20 million for the quarter, compared to analyst estimates of $169.00 million.

Merchants Bancorp Stock Up 1.9 %

MBIN traded up $0.59 during trading on Friday, hitting $31.31. The company had a trading volume of 271,709 shares, compared to its average volume of 191,894. Merchants Bancorp has a 1-year low of $27.25 and a 1-year high of $53.27. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85. The company has a market cap of $1.44 billion, a PE ratio of 4.96 and a beta of 1.31. The business has a 50-day moving average of $35.53 and a 200-day moving average of $38.24.

Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Merchants Bancorp's previous quarterly dividend of $0.09. Merchants Bancorp's payout ratio is 7.35%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Merchants Bancorp from $52.50 to $56.50 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Raymond James reiterated an "outperform" rating and issued a $41.00 price objective (down previously from $45.00) on shares of Merchants Bancorp in a report on Tuesday. Finally, Morgan Stanley lowered their target price on 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 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.