News headlines about Merchants Bancorp (NASDAQ:MBIN) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Merchants Bancorp earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.7511144073316 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of MBIN stock opened at $20.50 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 0.17. The stock has a market cap of $600.24 and a price-to-earnings ratio of 10.41. Merchants Bancorp has a 1-year low of $16.27 and a 1-year high of $23.76.
Merchants Bancorp (NASDAQ:MBIN) last announced its earnings results on Thursday, February 8th. The company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.08. The company had revenue of $33.86 million for the quarter, compared to analysts’ expectations of $26.89 million. equities research analysts anticipate that Merchants Bancorp will post 2.12 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.17%. The ex-dividend date was Wednesday, March 14th. This is a positive change from Merchants Bancorp’s previous quarterly dividend of $0.05. Merchants Bancorp’s dividend payout ratio (DPR) is 12.18%.
MBIN has been the subject of several research analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $23.00 target price on shares of Merchants Bancorp in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of Merchants Bancorp from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Merchants Bancorp presently has a consensus rating of “Buy” and a consensus price target of $22.00.
About Merchants Bancorp
Merchants Bancorp operates as a bank holding company for Merchants Bank of Indiana that provides various banking products and services in the United States. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
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