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

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

MBIN has been the topic of a number of other research reports. Morgan Stanley dropped their price target on Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Raymond James restated an "outperform" rating and issued a $41.00 price target (down previously from $45.00) on shares of Merchants Bancorp in a research note on Tuesday, April 29th.

Merchants Bancorp Stock Down 3.5%

Shares of Merchants Bancorp stock traded down $1.15 on Friday, reaching $31.27. 147,994 shares of the company were exchanged, compared to its average volume of 176,168. Merchants Bancorp has a one year low of $27.25 and a one year high of $53.27. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 4.96 and a beta of 1.29. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 2.40. The company has a 50-day moving average of $32.18 and a 200 day moving average of $36.50.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.32). 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 the consensus estimate of $169.00 million. On average, equities research analysts forecast that Merchants Bancorp will post 5.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PL Capital Advisors LLC grew its holdings in Merchants Bancorp by 3,547.0% in the 4th quarter. PL Capital Advisors LLC now owns 6,867,082 shares of the company's stock valued at $250,442,000 after buying an additional 6,678,788 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Merchants Bancorp by 11.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,267,109 shares of the company's stock valued at $46,211,000 after buying an additional 132,841 shares in the last quarter. Vanguard Group Inc. grew 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 valued at $45,657,000 after buying an additional 26,111 shares in the last quarter. Royce & Associates LP grew 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 valued at $25,401,000 after buying an additional 120,262 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings 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 buying an additional 38,038 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.