Merchants Bancorp (MBIN) to Post Q4 2018 Earnings of $0.59 Per Share, SunTrust Banks Forecasts

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).

Other analysts have also issued reports about the stock. Stephens initiated coverage on shares of Merchants Bancorp in a research note on Tuesday, November 21st. They set an “overweight” rating and a $21.00 target price on the stock. Raymond James Financial initiated coverage on shares of Merchants Bancorp in a research note on Tuesday, November 21st. They set an “outperform” rating and a $20.00 target price on the stock. Sandler O’Neill initiated coverage on shares of Merchants Bancorp in a research note on Tuesday, November 21st. They set a “buy” rating and a $21.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Merchants Bancorp from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.00.

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.

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

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