Morgan Stanley analyst Manan Gosalia initiated coverage of Merchants Bancorp with an Equal Weight rating and $54 price target. Merchants is a regional bank that focuses on originate to sell multifamily and healthcare commercial real estate and on mortgage warehouse lending, the analyst tells investors in a research note. The firm cites the company’s higher commercial real estate exposure and lower stock float for the neutral rating.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MBIN:
- Merchants Bancorp Declares Quarterly Common and Preferred Dividends
- Merchants Bancorp downgraded to Outperform from Strong Buy at Raymond James
- Merchants Bancorp reports Q2 EPS $1.49 vs. $1.31 last year
- Merchants Bancorp Reports Second Quarter 2024 Results
- MBIN Earnings this Week: How Will it Perform?