FY2017 EPS Estimates for Merchants Bancorp (MBIN) Raised by SunTrust Banks

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.

Merchants Bancorp (NASDAQ:MBIN) opened at $20.01 on Tuesday. Merchants Bancorp has a 1-year low of $16.27 and a 1-year high of $21.97. The stock has a market cap of $566.82 and a P/E ratio of 13.80. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.28.

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%.

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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.

Earnings History and Estimates for Merchants Bancorp (NASDAQ:MBIN)

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