Shares of Merchants Bancorp (NASDAQ:MBIN) hit a new 52-week low during trading on Thursday . The company traded as low as $15.20 and last traded at $16.90, with a volume of 25 shares trading hands. The stock had previously closed at $15.97.
MBIN has been the topic of a number of recent research reports. Zacks Investment Research raised Merchants Bancorp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 1st. ValuEngine lowered Merchants Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th.
The company has a 50 day moving average of $17.10. The company has a quick ratio of 0.84, a current ratio of 1.13 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $501.50 million, a P/E ratio of 7.83 and a beta of 1.11.
Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.51 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.51. The company had revenue of $37.79 million for the quarter. Merchants Bancorp had a return on equity of 15.66% and a net margin of 28.72%. On average, research analysts anticipate that Merchants Bancorp will post 1.94 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its holdings in Merchants Bancorp by 810.6% in the first quarter. BNP Paribas Arbitrage SA now owns 3,351 shares of the company’s stock worth $72,000 after purchasing an additional 2,983 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Merchants Bancorp by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,589 shares of the company’s stock worth $112,000 after purchasing an additional 4,365 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Merchants Bancorp by 93.8% in the second quarter. JPMorgan Chase & Co. now owns 7,749 shares of the company’s stock worth $131,000 after purchasing an additional 3,751 shares in the last quarter. Crescent Grove Advisors LLC bought a new stake in Merchants Bancorp in the second quarter worth approximately $171,000. Finally, Strs Ohio increased its holdings in Merchants Bancorp by 400.0% in the second quarter. Strs Ohio now owns 10,500 shares of the company’s stock worth $178,000 after purchasing an additional 8,400 shares in the last quarter. 21.92% of the stock is currently owned by institutional investors.
About Merchants Bancorp (NASDAQ:MBIN)
Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates in three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
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