The stock of Merchants Bancorp (MBIN) has gone up by 7.21% for the week, with a -12.55% drop in the past month and a 7.10% rise in the past quarter. The volatility ratio for the week is 2.94%, and the volatility levels for the past 30 days are 4.29% for MBIN. The simple moving average for the past 20 days is 2.70% for MBIN’s stock, with a 8.91% simple moving average for the past 200 days.
Is It Worth Investing in Merchants Bancorp (NASDAQ: MBIN) Right Now?
Merchants Bancorp (NASDAQ: MBIN) has a higher price-to-earnings ratio of 6.78x compared to its average ratio, The 36-month beta value for MBIN is at 1.10. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MBIN is 18.90M, and currently, shorts hold a 5.15% of that float. The average trading volume for MBIN on August 22, 2024 was 218.76K shares.
MBIN) stock’s latest price update
Merchants Bancorp (NASDAQ: MBIN)’s stock price has gone rise by 1.35 in comparison to its previous close of 43.92, however, the company has experienced a 7.21% increase in its stock price over the last five trading days. prnewswire.com reported 2024-08-15 that CARMEL, Ind., Aug. 15, 2024 /PRNewswire/ — Merchants Bancorp (“Merchants”) (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana (“Merchants Bank”), today announced that its Board of Directors declared the following quarterly cash dividends for the third quarter of 2024, in each case to shareholders of record on September 13, 2024, payable on October 1, 2024: A dividend of $0.09 per share on the Company’s outstanding shares of its common stock (NASDAQ:MBIN); A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the Company’s outstanding shares of its 6% Series B preferred stock (NASDAQ:MBINO); A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the Company’s outstanding shares of its 6% Series C preferred stock (NASDAQ:MBINN); A dividend of $20.625 per share (equivalent to $0.5156 per depositary share) on the Company’s outstanding shares of its 8.25% Series D preferred stock (NASDAQ:MBINM).
Analysts’ Opinion of MBIN
Many brokerage firms have already submitted their reports for MBIN stocks, with Raymond James repeating the rating for MBIN by listing it as a “Outperform.” The predicted price for MBIN in the upcoming period, according to Raymond James is $58 based on the research report published on July 30, 2024 of the current year 2024.
MBIN Trading at 3.52% from the 50-Day Moving Average
After a stumble in the market that brought MBIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.44% of loss for the given period.
Volatility was left at 4.29%, however, over the last 30 days, the volatility rate increased by 2.94%, as shares sank -13.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.47% upper at present.
During the last 5 trading sessions, MBIN rose by +6.38%, which changed the moving average for the period of 200-days by +41.57% in comparison to the 20-day moving average, which settled at $42.99. In addition, Merchants Bancorp saw 4.54% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MBIN starting from Rogers Mary H., who proposed sale 492,000 shares at the price of $42.02 back on Aug 15 ’24. After this action, Rogers Mary H. now owns shares of Merchants Bancorp, valued at $20,673,840 using the latest closing price.
Dury Michael R., the CEO of Merchants Capital of Merchants Bancorp, purchase 5,200 shares at $38.71 during a trade that took place back on Aug 05 ’24, which means that Dury Michael R. is holding 93,793 shares at $201,293 based on the most recent closing price.
Stock Fundamentals for MBIN
Current profitability levels for the company are sitting at:
- 0.55 for the present operating margin
- 1.15 for the gross margin
The net margin for Merchants Bancorp stands at 0.27. The total capital return value is set at 0.11. Equity return is now at value 18.70, with 1.89 for asset returns.
Based on Merchants Bancorp (MBIN), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at -0.64. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 1.61.
Currently, EBITDA for the company is 3.3 million with net debt to EBITDA at 8.01. When we switch over and look at the enterprise to sales, we see a ratio of 2.22. The receivables turnover for the company is 0.11for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
In conclusion, Merchants Bancorp (MBIN) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
