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

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

Other research analysts also recently issued reports about the company. Raymond James reaffirmed an "outperform" rating and set a $41.00 target price (down from $45.00) on shares of Merchants Bancorp in a report on Tuesday, April 29th. Piper Sandler lifted their target price on Merchants Bancorp from $52.50 to $56.50 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Morgan Stanley cut their target price on Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th.

Merchants Bancorp Price Performance

Shares of NASDAQ MBIN traded up $0.21 during mid-day trading on Friday, hitting $32.76. 215,701 shares of the stock traded hands, compared to its average volume of 179,745. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85. Merchants Bancorp has a twelve month low of $27.25 and a twelve month high of $53.27. The company has a market cap of $1.50 billion, a PE ratio of 5.19 and a beta of 1.31. The firm has a 50 day simple moving average of $33.16 and a two-hundred day simple moving average of $37.18.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.32). The company had revenue of $287.20 million for the quarter, compared to analyst estimates of $169.00 million. Merchants Bancorp had a return on equity of 22.86% and a net margin of 22.08%. As a group, equities research analysts forecast that Merchants Bancorp will post 5.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio acquired a new position in shares of Merchants Bancorp in the 1st quarter valued at about $555,000. Jane Street Group LLC lifted its stake in shares of Merchants Bancorp by 60.3% in the 1st quarter. Jane Street Group LLC now owns 32,874 shares of the company's stock valued at $1,216,000 after purchasing an additional 12,361 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Merchants Bancorp by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,741 shares of the company's stock valued at $397,000 after purchasing an additional 449 shares during the period. FJ Capital Management LLC bought a new stake in Merchants Bancorp in the 1st quarter valued at about $11,699,000. Finally, Royal Bank of Canada increased its position in Merchants Bancorp by 1.0% in the 1st quarter. Royal Bank of Canada now owns 220,170 shares of the company's stock valued at $8,146,000 after buying an additional 2,101 shares in the last quarter. 24.57% of the stock is owned by institutional investors and hedge funds.

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.