Merchants Bancorp (MBIN) Stock Rating Reaffirmed by SunTrust Banks

SunTrust Banks reiterated their buy rating on shares of Merchants Bancorp (NASDAQ:MBIN) in a research report sent to investors on Tuesday morning. They currently have a $23.00 target price on the stock. SunTrust Banks also issued estimates for Merchants Bancorp’s Q4 2017 earnings at $0.46 EPS, FY2017 earnings at $1.95 EPS, Q1 2018 earnings at $0.43 EPS, Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $2.17 EPS, Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.67 EPS, Q3 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.61 EPS and FY2019 earnings at $2.54 EPS.

A number of other research analysts also recently commented on MBIN. Stephens initiated coverage on Merchants Bancorp in a research note on Tuesday, November 21st. They issued an overweight rating and a $21.00 target price on the stock. Raymond James Financial initiated coverage on Merchants Bancorp in a research note on Tuesday, November 21st. They issued an outperform rating and a $20.00 target price on the stock. Finally, Sandler O’Neill initiated coverage on Merchants Bancorp in a research note on Tuesday, November 21st. They issued a buy rating and a $21.00 target price on the stock.

Shares of Merchants Bancorp (NASDAQ:MBIN) traded down $0.56 during midday trading on Tuesday, reaching $19.76. The company’s stock had a trading volume of 41,100 shares, compared to its average volume of 47,117. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. Merchants Bancorp has a 1 year low of $16.27 and a 1 year high of $21.97. The stock has a market capitalization of $566.82 and a P/E ratio of 13.63.

The business also recently declared a special dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, December 14th. Merchants Bancorp’s dividend payout ratio (DPR) is presently 13.79%.

In related news, CFO John F. Macke purchased 15,625 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was bought at an average price of $16.00 per share, for a total transaction of $250,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders have bought 18,687 shares of company stock valued at $298,992.

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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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