Zacks: Merchants Bancorp (MBIN) Given Consensus Rating of “Strong Buy” by Analysts

Shares of Merchants Bancorp (NASDAQ:MBIN) have been given an average broker rating score of 1.25 (Strong Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and three have given a strong buy recommendation to the company.

Analysts have set a 12 month consensus target price of $22.50 for the company and are expecting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also given Merchants Bancorp an industry rank of 24 out of 265 based on the ratings given to related companies.

MBIN has been the topic of several recent research reports. SunTrust Banks restated a “buy” rating and issued a $23.00 price target on shares of Merchants Bancorp in a research report on Tuesday. Sandler O’Neill initiated coverage on shares of Merchants Bancorp in a research report on Tuesday, November 21st. They issued a “buy” rating and a $21.00 price target on the stock. Raymond James Financial initiated coverage on shares of Merchants Bancorp in a research report on Tuesday, November 21st. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, Stephens initiated coverage on shares of Merchants Bancorp in a research report on Tuesday, November 21st. They issued an “overweight” rating and a $21.00 price target on the stock.

In other news, CFO John F. Macke acquired 15,625 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average price of $16.00 per share, with a total value of $250,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders purchased a total of 18,687 shares of company stock valued at $298,992 in the last ninety days.

Merchants Bancorp (NASDAQ:MBIN) opened at $20.03 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. The stock has a market cap of $573.99 and a P/E ratio of 13.81. Merchants Bancorp has a 12-month low of $16.27 and a 12-month high of $21.97.

The company also recently disclosed a special dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were paid a $0.05 dividend. The ex-dividend date was Thursday, December 14th. Merchants Bancorp’s dividend payout ratio is 13.79%.

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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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