Zacks: Brokerages Expect Merchants Bancorp (MBIN) Will Post Quarterly Sales of $36.05 Million

Equities research analysts expect Merchants Bancorp (NASDAQ:MBIN) to announce sales of $36.05 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Merchants Bancorp’s earnings. The highest sales estimate is $36.30 million and the lowest is $35.80 million. Merchants Bancorp posted sales of $33.86 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The firm is scheduled to announce its next earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Merchants Bancorp will report full year sales of $136.65 million for the current fiscal year, with estimates ranging from $136.40 million to $136.90 million. For the next financial year, analysts forecast that the firm will post sales of $150.35 million, with estimates ranging from $150.10 million to $150.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Merchants Bancorp.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.55 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.55. The company had revenue of $35.39 million for the quarter, compared to analysts’ expectations of $35.10 million. Merchants Bancorp had a return on equity of 17.99% and a net margin of 38.21%.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Merchants Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday. Sandler O’Neill restated a “buy” rating on shares of Merchants Bancorp in a research report on Thursday, August 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.60.

Shares of NASDAQ MBIN opened at $23.27 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.73 and a current ratio of 1.03. Merchants Bancorp has a 1-year low of $17.25 and a 1-year high of $29.15. The stock has a market cap of $661.97 million and a P/E ratio of 11.81.

A number of institutional investors and hedge funds have recently bought and sold shares of MBIN. Janus Henderson Group PLC bought a new position in Merchants Bancorp during the 2nd quarter worth approximately $17,952,000. BlackRock Inc. grew its position in Merchants Bancorp by 141.8% during the 2nd quarter. BlackRock Inc. now owns 808,544 shares of the company’s stock worth $23,067,000 after acquiring an additional 474,220 shares during the last quarter. Northern Trust Corp grew its position in shares of Merchants Bancorp by 111.4% in the 2nd quarter. Northern Trust Corp now owns 164,266 shares of the company’s stock worth $4,687,000 after buying an additional 86,547 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Merchants Bancorp in the 2nd quarter worth approximately $1,157,000. Finally, Millennium Management LLC grew its position in shares of Merchants Bancorp by 111.1% in the 2nd quarter. Millennium Management LLC now owns 71,157 shares of the company’s stock worth $2,030,000 after buying an additional 37,443 shares during the last quarter. Institutional investors and hedge funds own 22.54% of the company’s stock.

Merchants Bancorp Company Profile

Merchants Bancorp operates as a diversified bank holding company in the United States. It operates in three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.

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