Raymond James downgraded Merchants Bancorp from Strong Buy to Outperform and set a new price target of $58.00 from $55.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/9/2024 | $54.00 | Equal-Weight | Morgan Stanley |
| 7/30/2024 | $55.00 → $58.00 | Strong Buy → Outperform | Raymond James |
| 11/2/2021 | $49.00 → $55.00 | Strong Buy | Raymond James |
| 8/26/2021 | $57.00 → $49.00 | Strong Buy | Raymond James |
SC 13G/A - Merchants Bancorp (0001629019) (Subject)
SC 13G/A - Merchants Bancorp (0001629019) (Subject)
SC 13G/A - Merchants Bancorp (0001629019) (Subject)
Morgan Stanley initiated coverage of Merchants Bancorp with a rating of Equal-Weight and set a new price target of $54.00
Raymond James downgraded Merchants Bancorp from Strong Buy to Outperform and set a new price target of $58.00 from $55.00 previously
Raymond James reiterated coverage of Merchants Bancorp with a rating of Strong Buy and set a new price target of $55.00 from $49.00 previously
4 - Merchants Bancorp (0001629019) (Issuer)
4 - Merchants Bancorp (0001629019) (Issuer)
4 - Merchants Bancorp (0001629019) (Issuer)
CARMEL, Ind., Nov. 20, 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 fourth quarter of 2024, in each case to shareholders of record on December 13, 2024, payable on January 2, 2025: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $23.56 per share (equivalent to $0.59 per depositary share) on th
CARMEL, Ind., Nov. 18, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ:MBIN), a holding company that operates through its wholly owned subsidiary, Merchants Bank of Indiana ("Merchants Bank"), announced the pricing of an underwritten public offering of 9,200,000 depositary shares, each representing a 1/40th ownership interest in a share of its 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock (the "Series E preferred stock"), with a liquidation preference of $25.00 per depositary share. When, as, and if declared by the board of directors of Merch
Third quarter 2024 net income of $61.3 million, decreased 25% compared to third quarter of 2023 and decreased 20% compared to the second quarter 2024, reflecting unfavorable fair market value adjustments to derivatives and servicing rights, and an increase in specific reserves on loans as part of the allowance for credit losses.Third quarter 2024 diluted earnings per common share of $1.17 decreased 30% compared to the third quarter of 2023 and decreased 21% compared to the second quarter of 2024.Unfavorable fair market value adjustments to interest rate floor derivatives on loans and servicing rights of $7.7 million and $6.7 million, respectively, negatively impacted results during the third
4 - Merchants Bancorp (0001629019) (Issuer)
4 - Merchants Bancorp (0001629019) (Issuer)
4 - Merchants Bancorp (0001629019) (Issuer)
CARMEL, Ind., Nov. 20, 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 fourth quarter of 2024, in each case to shareholders of record on December 13, 2024, payable on January 2, 2025: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $23.56 per share (equivalent to $0.59 per depositary share) on th
Third quarter 2024 net income of $61.3 million, decreased 25% compared to third quarter of 2023 and decreased 20% compared to the second quarter 2024, reflecting unfavorable fair market value adjustments to derivatives and servicing rights, and an increase in specific reserves on loans as part of the allowance for credit losses.Third quarter 2024 diluted earnings per common share of $1.17 decreased 30% compared to the third quarter of 2023 and decreased 21% compared to the second quarter of 2024.Unfavorable fair market value adjustments to interest rate floor derivatives on loans and servicing rights of $7.7 million and $6.7 million, respectively, negatively impacted results during the third
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 t
CARMEL, Ind., May 19, 2022 /PRNewswire/ -- Merchants Bancorp (NASDAQ:MBIN) (the "Company" or "Merchants"), parent company of Merchants Bank of Indiana, today announces the appointment of Tamika Catchings and Thomas Dinwiddie to the Company's board of directors. With these new appointments, Catchings and Dinwiddie join a group of 11 distinguished members of the Merchants board. From 2001 to 2016, Catchings played for the Indiana Fever, the Indianapolis WNBA team, and became one of the most decorated athletes of all time. She is a four-time Olympic gold medalist, ten-time WNBA A
Piper Sandler analyst Nathan Rice reiterates Merchants Bancorp (NASDAQ:MBIN) with a Overweight and lowers the price target from $58.5 to $56.
Raymond James analyst Daniel Tamayo reiterates Merchants Bancorp (NASDAQ:MBIN) with a Strong Buy and maintains $55 price target.
Shares of Alibaba Group Holding Limited (NYSE:BABA) fell sharply during Tuesday's session following mixed first-quarter financial results. The e-commerce giant reported fiscal fourth-quarter 2023 revenue growth of 7% year-on-year to $30.73 billion, beating the analyst consensus estimate of $30.40 billion. Adjusted earnings per ADS of $1.40 missed the analyst consensus estimate of $1.41, according to data from Benzinga Pro. Alibaba Group shares tumbled 6.8% to $78.86 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares jumped 352.4% to $5.34 as the company reported pricing of $8.19 million
8-K - Merchants Bancorp (0001629019) (Filer)
424B5 - Merchants Bancorp (0001629019) (Filer)
8-K - Merchants Bancorp (0001629019) (Filer)