Merchants Bcp (MBIN) Now Covered by Analysts at Raymond James Financial, Inc.

Raymond James Financial, Inc. began coverage on shares of Merchants Bcp (NASDAQ:MBIN) in a research report sent to investors on Tuesday. The firm issued an outperform rating and a $20.00 price target on the stock.

MBIN has been the topic of a number of other reports. SunTrust Banks, Inc. assumed coverage on Merchants Bcp in a research report on Tuesday. They set a buy rating and a $22.00 price target on the stock. Stephens assumed coverage on Merchants Bcp in a research report on Tuesday. They set an overweight rating and a $21.00 price target on the stock.

Shares of Merchants Bcp (MBIN) opened at $17.54 on Tuesday. Merchants Bcp has a twelve month low of $16.27 and a twelve month high of $19.16.

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The firm also recently declared a special dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 14th.

In other Merchants Bcp news, CFO John F. Macke purchased 15,625 shares of Merchants Bcp stock in a transaction dated Friday, October 27th. The shares were acquired at an average cost of $16.00 per share, with a total value of $250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have bought 18,687 shares of company stock worth $298,992.

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