Barclays PLC Purchases 22,046 Shares of Merchants Bancorp (NASDAQ:MBIN)

Barclays PLC boosted its stake in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) by 351.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,312 shares of the company's stock after purchasing an additional 22,046 shares during the period. Barclays PLC owned about 0.06% of Merchants Bancorp worth $1,273,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Hohimer Wealth Management LLC bought a new position in shares of Merchants Bancorp during the 3rd quarter valued at approximately $202,000. Geode Capital Management LLC raised its stake in Merchants Bancorp by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 566,520 shares of the company's stock worth $25,476,000 after acquiring an additional 16,666 shares during the period. State Street Corp boosted its position in shares of Merchants Bancorp by 4.7% in the third quarter. State Street Corp now owns 448,525 shares of the company's stock worth $20,205,000 after purchasing an additional 20,214 shares during the period. Banc Funds Co. LLC boosted its position in shares of Merchants Bancorp by 3.3% in the third quarter. Banc Funds Co. LLC now owns 389,615 shares of the company's stock worth $17,517,000 after purchasing an additional 12,500 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Merchants Bancorp by 5.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,319 shares of the company's stock worth $914,000 after purchasing an additional 1,099 shares during the period. Institutional investors own 24.57% of the company's stock.

Merchants Bancorp Price Performance

Shares of MBIN stock traded up $0.65 during mid-day trading on Tuesday, hitting $36.01. The company had a trading volume of 156,252 shares, compared to its average volume of 153,156. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.15 and a quick ratio of 0.85. The stock's 50 day moving average price is $38.42 and its 200-day moving average price is $41.93. Merchants Bancorp has a 52-week low of $34.16 and a 52-week high of $53.27. The company has a market capitalization of $1.65 billion, a P/E ratio of 5.96 and a beta of 1.14.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.25). Merchants Bancorp had a return on equity of 22.36% and a net margin of 21.33%. The company had revenue of $355.67 million during the quarter, compared to analysts' expectations of $156.13 million. During the same quarter in the previous year, the firm earned $1.68 EPS. Equities research analysts forecast that Merchants Bancorp will post 5.74 earnings per share for the current year.

Merchants Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Friday, December 13th. Merchants Bancorp's payout ratio is presently 5.96%.

Insider Buying and Selling at Merchants Bancorp

In other Merchants Bancorp news, Director Patrick D. O'brien acquired 40,000 shares of the company's stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $25.00 per share, with a total value of $1,000,000.00. Following the purchase, the director now directly owns 40,000 shares of the company's stock, valued at approximately $1,000,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 39.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Raymond James dropped their target price on shares of Merchants Bancorp from $58.00 to $55.00 and set an "outperform" rating for the company in a report on Tuesday, October 29th. Piper Sandler upped their price objective on Merchants Bancorp from $48.00 to $52.50 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th.

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.