Merchants Bancorp (MBIN) Earning Somewhat Positive Press Coverage, Study Shows

Headlines about Merchants Bancorp (NASDAQ:MBIN) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Merchants Bancorp earned a news impact score of 0.09 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.8310928153377 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of Merchants Bancorp (MBIN) opened at $22.49 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.66. Merchants Bancorp has a 12-month low of $16.27 and a 12-month high of $22.95.

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Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.08. The company had revenue of $33.86 million for the quarter, compared to analyst estimates of $26.89 million. analysts anticipate that Merchants Bancorp will post 2.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.06 per share. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, March 14th.

MBIN has been the topic of several research reports. Zacks Investment Research raised Merchants Bancorp from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, January 24th. SunTrust Banks initiated coverage on Merchants Bancorp in a research report on Tuesday, November 21st. They issued a “buy” rating and a $22.00 target price on the stock. Raymond James Financial initiated coverage on Merchants Bancorp in a research report on Tuesday, November 21st. They issued an “outperform” rating and a $20.00 target price on the stock. Stephens initiated coverage on Merchants Bancorp in a research report on Tuesday, November 21st. They issued an “overweight” rating and a $21.00 target price on the stock. Finally, Sandler O’Neill initiated coverage on Merchants Bancorp in a research report on Tuesday, November 21st. They issued a “buy” rating and a $21.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Merchants Bancorp has a consensus rating of “Buy” and an average price target of $22.00.

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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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