Merchants Bancorp (NASDAQ:MBIN) Releases Quarterly Earnings Results, Meets Expectations

Merchants Bancorp (NASDAQ:MBIN) issued its quarterly earnings data on Tuesday. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51, Fidelity Earnings reports. Merchants Bancorp had a net margin of 30.23% and a return on equity of 15.73%. The company had revenue of $37.79 million for the quarter.

Shares of Merchants Bancorp stock traded up $0.60 during trading on Wednesday, hitting $18.02. The company’s stock had a trading volume of 2,910 shares, compared to its average volume of 35,286. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.84 and a current ratio of 1.13. Merchants Bancorp has a 52 week low of $15.47 and a 52 week high of $28.57. The stock has a market capitalization of $488.83 million, a PE ratio of 8.70 and a beta of 1.12. The firm’s 50-day moving average is $16.81.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Saturday, June 15th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.28 annualized dividend and a dividend yield of 1.55%. Merchants Bancorp’s dividend payout ratio is 13.53%.

Several brokerages recently weighed in on MBIN. ValuEngine cut shares of Zymeworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. Zacks Investment Research cut shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. The company 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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Earnings History for Merchants Bancorp (NASDAQ:MBIN)

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