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Msg  1387 of 1442  at  9/28/2022 7:57:53 AM  by

lumpygravy


 In response to msg 1386 by  brehm233
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Re: MBINM at above par?

I forgot all about this one.
 
Did this ever trade under its temp OTC ticker MBIPL?
 
I looked for it last Friday but Merrill had no info.
 
Since then I've been preoccupied with Hurricane Ian. Last night
a tornado touched down less than 10 miles from our house! And
we're still under a tornado warning today.
 
Anyone go to Merchants Bancorp web site? I wanted to check
to see if they had a list of analysts that cover the company.
 
I tried with two different browsers and both browsers gave me 
security warnings for their web site, so I declined to take the risk.
Although it might be a big nothing, for me that's a big negative.
 
On the positive side, I found a bullish report from Raymond James 
dated 08-01-22.
 
Here's a brief clip:
 
RECOMMENDATION
We reiterate our Strong Buy rating on MBIN shares following its release of 2Q results. A very
strong quarter was highlighted by 71% annualized loan HFI growth, 41 bp of NIM expansion and
a beat on fee income, which drove a significant increase in EPS estimates and a $4 increase in
our price target to $37. NIM expansion should continue although slow as funding costs will rise
significantly as loan yields rise while loan growth particularly in its core businesses of multifamily
and healthcare finance should remain strong. As a result of solid-to-strong growth, above-peer
profitability metrics, and below-peer credit risk, we believe shares of MBIN should outperform
peers, particularly trading at discounted P/TBV and P/E multiples to peers.

 
 
 
 


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Replies
Msg # Subject Author Recs Date Posted
1388 Re: MBINM at above par? jimfrombx 2 9/28/2022 10:07:53 AM
1389 Re: MBINM at above par? brehm233 0 9/28/2022 10:08:26 AM




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