Merchants Bancorp (NASDAQ:MBIN) is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.07 per share from revenue of $ 72.35 million.
Looking ahead, the full year income are expected at $ 4.00 per share on the revenues of $ 274.25 million.
Previous Quarter Performance
Merchants Bancorp reported income for the second quarter of $ 1.31 per share, from the revenue of $ 77.42 million. Wall street analysts are predicting, MBIN to report 2Q20 income of $ 0.48 per share from revenue of $ 52.80 million. The bottom line results beat street analysts by $ 0.83 or 172.92 percent, at the same time, top line results outshined analysts by $ 24.62 million or 46.63 percent.
Stock Performance
Shares of Merchants Bancorp traded low $ -0.84 or -3.74 percent on Tuesday, reaching $ 21.61 with volume of 34.80 thousand shares. Merchants Bancorp has traded high as $ 22.27 and has cracked $ 21.32 on the downward trend
According to the previous trading day, closing price of $ 21.61, representing a 81.49 % increase from the 52 week low of $ 12.37 and a 6.85 % decrease over the 52 week high of $ 24.10.
The company has a market capital of $ 621.19 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Piper Sandler at Overweight rating, with $ 23.00 target price.
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.
