Merchants Bancorp (NASDAQ:MBIN) recently hit a new 52-week high of $45.60, driven by a strong Q4 earnings beat with $1.28 EPS against an expected $0.94, and revenue of $193.5M. The company also announced a $100 million stock buyback authorization and pays a $0.10 quarterly dividend. Analysts currently rate MBIN as a “Moderate Buy” with an average price target of $41.00.
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Merchants Bancorp (NASDAQ:MBIN) Sets New 1-Year High - Should You Buy?
Merchants Bancorp (NASDAQ:MBIN) recently hit a new 52-week high of $45.60, driven by a strong Q4 earnings beat with $1.28 EPS against an expected $0.94, and revenue of $193.5M. The company also announced a $100 million stock buyback authorization and pays a $0.10 quarterly dividend. Analysts currently rate MBIN as a “Moderate Buy” with an average price target of $41.00.