Merchants Bancorp (NASDAQ:MBIN) Posts Earnings Results, Beats Expectations By $0.58 EPS

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) posted its earnings results on Monday. The company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.58, Zacks reports. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%.

Merchants Bancorp Trading Down 0.8 %

Shares of Merchants Bancorp stock traded down $0.34 during trading hours on Friday, reaching $42.21. 100,034 shares of the company's stock were exchanged, compared to its average volume of 187,120. Merchants Bancorp has a 52-week low of $34.16 and a 52-week high of $53.27. The company has a fifty day moving average of $38.20 and a 200-day moving average of $41.72. 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 firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 6.69 and a beta of 1.14.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.36 annualized dividend and a yield of 0.85%. Merchants Bancorp's payout ratio is currently 5.71%.

Insider Activity

In other Merchants Bancorp news, insider Scott A. Evans sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $43.10, for a total transaction of $1,077,500.00. Following the transaction, the insider now owns 27,606 shares of the company's stock, valued at $1,189,818.60. This trade represents a 47.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Patrick D. O'brien acquired 40,000 shares of the stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $25.00 per share, with a total value of $1,000,000.00. Following the completion of the purchase, the director now directly owns 40,000 shares in the company, valued at approximately $1,000,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 39.70% of the company's stock.

Wall Street Analysts Forecast Growth

MBIN has been the subject of a number of recent research reports. Raymond James reissued an "outperform" rating and set a $53.00 price objective (up from $50.00) on shares of Merchants Bancorp in a research note on Thursday. Piper Sandler boosted their price target on Merchants Bancorp from $52.50 to $56.50 and gave the stock an "overweight" rating in a report on Thursday.

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.