Merchants Bancorp (NASDAQ:MBIN - Get Free Report) announced its quarterly earnings data on Monday. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.43, Yahoo Finance reports. The firm had revenue of $355.05 million during the quarter, compared to analysts' expectations of $144.15 million. Merchants Bancorp had a net margin of 23.42% and a return on equity of 25.38%.
Merchants Bancorp Price Performance
Shares of NASDAQ:MBIN traded up $1.06 during midday trading on Tuesday, reaching $40.33. 406,336 shares of the company were exchanged, compared to its average volume of 123,472. The company has a current ratio of 0.99, a quick ratio of 0.77 and a debt-to-equity ratio of 0.80. The business's fifty day moving average is $41.19 and its two-hundred day moving average is $38.44. Merchants Bancorp has a one year low of $21.50 and a one year high of $48.68. The stock has a market cap of $1.75 billion, a PE ratio of 7.37 and a beta of 1.18.
Merchants Bancorp Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Merchants Bancorp's previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.89%. Merchants Bancorp's dividend payout ratio is 6.38%.
Analyst Upgrades and Downgrades
Separately, Raymond James increased their price objective on shares of Merchants Bancorp from $44.00 to $55.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, January 30th.
Read Our Latest Research Report on MBIN
About Merchants Bancorp
(
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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.
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