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Wall Street downgrades Merchants Bancorp to "sell" after earnings miss, despite revenue beat.
Wall Street Zen downgraded Merchants Bancorp (NASDAQ:MBIN) to a "sell" rating after the company reported $0.93 EPS for the quarter, missing estimates by $0.32.
The company had a revenue of $287.20 million, beating forecasts.
With a market cap of $1.53 billion and a P/E ratio of 6.14, Merchants Bancorp also declared a quarterly dividend of $0.10 per share, with a dividend yield of 1.20%.
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Wall Street rebaja la calificación de Merchants Bancorp para "vender" después de que las ganancias fallaran, a pesar del éxito de los ingresos.