Merchants Bancorp (NASDAQ:MBIN) Upgraded by Wall Street Zen to "Hold" Rating

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

Several other equities analysts have also recently commented on the stock. Raymond James reaffirmed an "outperform" rating and set a $41.00 price target (down previously from $45.00) on shares of Merchants Bancorp in a research report on Tuesday, April 29th. Piper Sandler increased their price target 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. Finally, Morgan Stanley reduced their price target on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th.

Merchants Bancorp Trading Down 0.1%

Shares of MBIN stock traded down $0.03 on Friday, reaching $32.53. 3,577 shares of the stock were exchanged, compared to its average volume of 178,888. The stock has a market cap of $1.49 billion, a P/E ratio of 5.12 and a beta of 1.31. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. The firm has a 50 day moving average of $33.16 and a two-hundred day moving average of $37.18. Merchants Bancorp has a 1-year low of $27.25 and a 1-year high of $53.27.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MBIN. Strs Ohio purchased a new position in Merchants Bancorp in the first quarter valued at about $555,000. Jane Street Group LLC grew its stake in Merchants Bancorp by 60.3% in the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Merchants Bancorp by 4.4% in the first 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 in the last quarter. FJ Capital Management LLC purchased a new position in Merchants Bancorp in the first quarter valued at about $11,699,000. Finally, Royal Bank of Canada grew its stake in Merchants Bancorp by 1.0% in the first quarter. Royal Bank of Canada now owns 220,170 shares of the company's stock valued at $8,146,000 after purchasing 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.