Merchants Bancorp (NASDAQ:MBIN) – Investment analysts at SunTrust Banks lifted their FY2017 earnings per share (EPS) estimates for shares of Merchants Bancorp in a research report issued to clients and investors on Monday. SunTrust Banks analyst M. Young now expects that the company will post earnings per share of $1.95 for the year, up from their previous estimate of $1.91. SunTrust Banks currently has a “Buy” rating and a $23.00 target price on the stock. SunTrust Banks also issued estimates for Merchants Bancorp’s Q4 2017 earnings at $0.46 EPS, Q1 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.58 EPS and Q4 2018 earnings at $0.54 EPS.
Several other research firms have also issued reports on MBIN. Sandler O’Neill assumed coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They set a “buy” rating and a $21.00 target price for the company. Raymond James Financial assumed coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They set an “outperform” rating and a $20.00 target price for the company. Finally, Stephens started coverage on shares of Merchants Bancorp in a report on Tuesday, November 21st. They set an “overweight” rating and a $21.00 target price for the company.
In related news, CFO John F. Macke bought 15,625 shares of the business’s stock in a transaction on Friday, October 27th. The stock was acquired at an average price of $16.00 per share, with a total value of $250,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders acquired 18,687 shares of company stock valued at $298,992.
The business also recently announced a special dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were given a $0.05 dividend. The ex-dividend date was Thursday, December 14th. Merchants Bancorp’s dividend payout ratio (DPR) is presently 13.79%.
About Merchants Bancorp
Merchants Bancorp is a diversified bank holding bank. The Bank operate multiple lines of business with a focus on FHA multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking.
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