8,033 Shares in Merchants Bancorp (NASDAQ:MBIN) Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC purchased a new stake in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,033 shares of the company's stock, valued at approximately $293,000.

Several other hedge funds have also recently added to or reduced their stakes in MBIN. Assenagon Asset Management S.A. lifted its holdings in shares of Merchants Bancorp by 51.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 112,712 shares of the company's stock worth $4,111,000 after acquiring an additional 38,453 shares during the last quarter. Matrix Trust Co raised its position in Merchants Bancorp by 730.8% in the 4th quarter. Matrix Trust Co now owns 2,642 shares of the company's stock worth $96,000 after purchasing an additional 2,324 shares during the period. Franklin Resources Inc. lifted its stake in Merchants Bancorp by 85.3% in the third quarter. Franklin Resources Inc. now owns 33,338 shares of the company's stock worth $1,504,000 after purchasing an additional 15,342 shares during the last quarter. Barclays PLC boosted its position in Merchants Bancorp by 351.8% during the third quarter. Barclays PLC now owns 28,312 shares of the company's stock valued at $1,273,000 after buying an additional 22,046 shares during the period. Finally, Hohimer Wealth Management LLC bought a new position in shares of Merchants Bancorp during the third quarter valued at about $202,000. Institutional investors own 24.57% of the company's stock.

Insider Transactions at Merchants Bancorp

In other news, Director Patrick D. O'brien acquired 40,000 shares of the stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $25.00 per share, with a total value of $1,000,000.00. Following the completion of the transaction, the director now owns 40,000 shares of the company's stock, valued at $1,000,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott A. Evans sold 25,000 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $43.10, for a total transaction of $1,077,500.00. Following the sale, the insider now owns 27,606 shares in the company, valued at approximately $1,189,818.60. This trade represents a 47.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 39.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MBIN. Raymond James reissued an "outperform" rating and issued a $53.00 target price (up previously from $50.00) on shares of Merchants Bancorp in a research note on Thursday. Piper Sandler boosted their price objective on Merchants Bancorp from $52.50 to $56.50 and gave the company an "overweight" rating in a research report on Thursday.

Merchants Bancorp Stock Down 1.5 %

Shares of NASDAQ:MBIN opened at $41.93 on Friday. The stock's 50-day moving average is $38.28 and its 200 day moving average is $41.70. The company has a market cap of $1.92 billion, a PE ratio of 6.65 and a beta of 1.14. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85. Merchants Bancorp has a 1 year low of $34.16 and a 1 year high of $53.27.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.58. Merchants Bancorp had a return on equity of 22.86% and a net margin of 22.08%. Sell-side analysts anticipate that Merchants Bancorp will post 5.17 EPS for the current year.

Merchants Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were issued a $0.09 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.36 annualized dividend and a yield of 0.86%. Merchants Bancorp's dividend payout ratio (DPR) is presently 5.71%.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.

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