Merchants Bancorp (MBIN) Upgraded by Zacks Investment Research to Hold

Merchants Bancorp stock has undergone multiple analysts rating changes in the recent past.  Merchants Bancorp Upgraded by Zacks Investment Research on 10/13/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Sell.

Shares of Merchants Bancorp traded down -$0.05 on Tuesday, reaching $41.30. 0 shares of the stock traded hands, compared to its average volume of 43214. Shares of Merchants Bancorp were trading at $41.30 on Tuesday. The firm’s 50 day moving average is $37.22 and its 200 day moving average is $37.85.Merchants Bancorp has a 12 month low of $41.25 and a 12 month high of $45.67. While on yearly highs and lows, Merchants Bancorp’s today has traded high as $41.71 and has touched $41.25 on the downward trend. See More Analyst Rating at: RATING

Merchants Bancorp Earnings and What to expect: 

Merchants Bancorp last issued its quarterly earnings results on July 27th, 2021. The reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by $0.02. The firm earned $97.26 million during the quarter, compared to analysts’ expectations of $101.37 million. Merchants Bancorp has generated $5.77 earnings per share over the last year ($7.34 diluted earnings per share) and currently has a price-to-earnings ratio of 5.6. Earnings for Merchants Bancorp are expected to decrease by -19.03% in the coming year, from $6.41 to $5.19 per share. Merchants Bancorp has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, October 27th, 2021 based off prior year’s report dates.

Earnings for Merchants Bancorp are expected to decrease by -19.03% in the coming year, from $6.41 to $5.19 per share. The P/E ratio of Merchants Bancorp is 5.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.78. The P/E ratio of Merchants Bancorp is 5.63, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.55. Merchants Bancorp has a P/B Ratio of 1.99. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Merchants Bancorp (MBIN) Moving Average Technical Analysis

5 day Moving Average is $41.54 And 5 day price change is -$0.39 (-0.94%)  with average volume for 5 day average is 19,320. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $39.08 and 20 day price change is $5.21 (14.44%) and average 20 day moving volume is 39,165. 50 day moving average is $37.22  and 50 day price change is $5.84 ( 16.47%)  and with average volume for 50 days is : 45,314. 200 day moving average is $37.85  and 200 day price change is $13.48 (48.45%)  and with average volume for 200 days is : 58,020.

Other owners latest trading in Merchants Bancorp :

  • On 10/12/2021 shares held by Denali Advisors LLC were 16,529 which equates to market value of $0.65M and appx 0.30% owners of Merchants Bancorp
  • On 8/23/2021 shares held by Morgan Stanley were 50,487 which equates to market value of $1.98M and appx 0.00% owners of Merchants Bancorp
  • On 8/20/2021 shares held by Denali Advisors LLC were 9,229 which equates to market value of $0.36M and appx 0.10% owners of Merchants Bancorp
  • In total Institutional ownership equates to Institutional Ownership Percentage: 22.53% for Merchants Bancorp

See More Analyst Rating at: RATING