Merchants Bancorp (NASDAQ:MBIN) Upgraded at Wall Street Zen

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

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

Merchants Bancorp Trading Down 2.1%

MBIN traded down $0.66 during trading on Friday, hitting $30.66. 226,803 shares of the stock traded hands, compared to its average volume of 177,164. The firm has a market capitalization of $1.41 billion, a P/E ratio of 5.64 and a beta of 1.29. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.20 and a quick ratio of 0.88. The firm has a 50-day moving average of $32.06 and a 200 day moving average of $36.33. Merchants Bancorp has a 12-month low of $27.25 and a 12-month high of $53.27.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last posted 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). Merchants Bancorp had a return on equity of 19.09% and a net margin of 20.73%. The company had revenue of $287.20 million during the quarter, compared to analysts' expectations of $169.00 million. Equities research analysts anticipate that Merchants Bancorp will post 5.54 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. PL Capital Advisors LLC raised its holdings in Merchants Bancorp by 3,547.0% in the fourth quarter. PL Capital Advisors LLC now owns 6,867,082 shares of the company's stock worth $250,442,000 after buying an additional 6,678,788 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Merchants Bancorp by 11.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,267,109 shares of the company's stock valued at $46,211,000 after acquiring an additional 132,841 shares in the last quarter. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 26,111 shares during the last quarter. Royce & Associates LP raised its holdings in 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 acquiring an additional 120,262 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Merchants Bancorp by 8.0% in the 1st quarter. American Century Companies Inc. now owns 512,942 shares of the company's stock valued at $18,979,000 after acquiring an additional 38,038 shares in the last quarter. 24.57% of the stock is currently owned by 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.