Zacks Investment Research upgraded shares of Merchants Bancorp (NASDAQ:MBIN) from a sell rating to a hold rating in a report issued on Saturday morning, Zacks.com reports.

According to Zacks, “Merchants Bancorp is a diversified bank holding company. It provides multi-family housing and health care facility financing, mortgage warehousing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking services, through its subsidiaries. Merchants Bancorp is based in Carmel, United States. “

Separately, ValuEngine downgraded Merchants Bancorp from a hold rating to a sell rating in a report on Saturday, May 18th.

Shares of NASDAQ MBIN opened at $15.74 on Friday. Merchants Bancorp has a twelve month low of $14.64 and a twelve month high of $28.57. The company has a current ratio of 1.04, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $444.72 million, a price-to-earnings ratio of 7.60 and a beta of 1.11. The business has a 50 day simple moving average of $16.96 and a 200-day simple moving average of $19.66.

Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.51 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.51. Merchants Bancorp had a return on equity of 15.42% and a net margin of 28.72%. The business had revenue of $37.79 million during the quarter. As a group, equities analysts predict that Merchants Bancorp will post 1.96 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in shares of Merchants Bancorp by 94.3% in the 4th quarter. Bank of America Corp DE now owns 10,242 shares of the company’s stock valued at $205,000 after acquiring an additional 4,972 shares during the last quarter. Northern Trust Corp grew its stake in Merchants Bancorp by 2.7% during the 4th quarter. Northern Trust Corp now owns 184,358 shares of the company’s stock worth $3,680,000 after buying an additional 4,804 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Merchants Bancorp by 55.3% during the 4th quarter. Bank of New York Mellon Corp now owns 93,049 shares of the company’s stock worth $1,857,000 after buying an additional 33,152 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in Merchants Bancorp by 21.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 56,583 shares of the company’s stock worth $964,000 after buying an additional 9,900 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Merchants Bancorp by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 184,428 shares of the company’s stock worth $3,681,000 after buying an additional 20,696 shares during the last quarter. Institutional investors and hedge funds own 21.41% of the company’s stock.

About Merchants Bancorp

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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