Merchants Bancorp (NASDAQ:MBIN) – Research analysts at SunTrust Banks boosted their Q4 2018 EPS estimates for shares of Merchants Bancorp in a research report issued on Monday. SunTrust Banks analyst M. Young now expects that the company will earn $0.59 per share for the quarter, up from their previous forecast of $0.54. SunTrust Banks has a “Buy” rating and a $23.00 price objective on the stock. SunTrust Banks also issued estimates for Merchants Bancorp’s Q1 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.60 EPS and Q4 2019 earnings at $0.68 EPS.
Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01).
Shares of Merchants Bancorp (MBIN) traded up $0.43 during trading hours on Tuesday, reaching $20.50. 27,600 shares of the company’s stock were exchanged, compared to its average volume of 44,004. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.66 and a current ratio of 0.93. Merchants Bancorp has a one year low of $16.27 and a one year high of $22.00.
Several hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new stake in shares of Merchants Bancorp during the fourth quarter worth approximately $922,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Merchants Bancorp during the fourth quarter worth approximately $220,000. Teachers Advisors LLC purchased a new stake in shares of Merchants Bancorp during the fourth quarter worth approximately $164,000. California State Teachers Retirement System purchased a new stake in shares of Merchants Bancorp during the fourth quarter worth approximately $225,000. Finally, Endeavour Capital Advisors Inc. purchased a new stake in shares of Merchants Bancorp during the fourth quarter worth approximately $4,846,000. Hedge funds and other institutional investors own 2.62% of the company’s stock.
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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.
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