Merchants Bancorp (NASDAQ:MBIN) Downgraded by BidaskClub

Merchants Bancorp (NASDAQ:MBIN) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

Several other equities analysts have also issued reports on the company. ValuEngine lowered Merchants Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Zacks Investment Research lowered Merchants Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Raymond James lifted their price target on Merchants Bancorp from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd.

MBIN opened at $15.02 on Friday. The stock has a 50-day moving average price of $18.36 and a 200-day moving average price of $17.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.70. The firm has a market cap of $393.96 million, a PE ratio of 6.34 and a beta of 1.20. Merchants Bancorp has a 1 year low of $12.37 and a 1 year high of $24.79.

Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.34. The firm had revenue of $60.32 million during the quarter, compared to analyst estimates of $43.71 million. Merchants Bancorp had a return on equity of 18.78% and a net margin of 29.85%. As a group, sell-side analysts anticipate that Merchants Bancorp will post 2.08 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Banc Funds Co. LLC raised its position in Merchants Bancorp by 58.2% in the 4th quarter. Banc Funds Co. LLC now owns 418,298 shares of the company’s stock worth $8,245,000 after buying an additional 153,835 shares during the last quarter. State Street Corp raised its position in Merchants Bancorp by 0.9% in the 4th quarter. State Street Corp now owns 219,251 shares of the company’s stock worth $4,337,000 after buying an additional 2,002 shares during the last quarter. Baird Financial Group Inc. raised its position in Merchants Bancorp by 81.2% in the 4th quarter. Baird Financial Group Inc. now owns 213,629 shares of the company’s stock worth $4,211,000 after buying an additional 95,749 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Merchants Bancorp by 20.7% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 202,673 shares of the company’s stock worth $3,995,000 after buying an additional 34,720 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Merchants Bancorp by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 173,754 shares of the company’s stock worth $3,424,000 after buying an additional 7,583 shares during the last quarter. 21.68% of the stock is owned by hedge funds and other institutional investors.

About Merchants Bancorp

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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