Boston Partners increased its stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 2.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 337,235 shares of the company's stock after buying an additional 9,386 shares during the quarter. Boston Partners owned 0.74% of Merchants Bancorp worth $12,500,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in Merchants Bancorp in the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust purchased a new stake in Merchants Bancorp during the 4th quarter worth about $82,000. Matrix Trust Co lifted its holdings in Merchants Bancorp by 730.8% during 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 in the last quarter. FMR LLC boosted its stake in Merchants Bancorp by 214.5% in the 3rd quarter. FMR LLC now owns 3,957 shares of the company's stock worth $178,000 after purchasing an additional 2,699 shares during the period. Finally, Hohimer Wealth Management LLC purchased a new position in Merchants Bancorp during the 3rd quarter valued at about $202,000. Institutional investors own 24.57% of the company's stock.
Insider Buying and Selling at Merchants Bancorp
In related news, insider Scott A. Evans sold 25,000 shares of the firm's stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $43.10, for a total value of $1,077,500.00. Following the sale, the insider now directly owns 27,606 shares of the company's stock, valued at $1,189,818.60. This trade represents a 47.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 39.70% of the company's stock.
Merchants Bancorp Trading Down 1.8 %
MBIN stock traded down $0.70 during trading on Tuesday, hitting $38.24. 126,368 shares of the company traded hands, compared to its average volume of 175,447. The company has a 50-day moving average of $40.20 and a 200-day moving average of $40.51. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 1.15. Merchants Bancorp has a 1 year low of $34.16 and a 1 year high of $53.27. The firm has a market capitalization of $1.75 billion, a PE ratio of 6.06 and a beta of 1.16.
Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.58. Merchants Bancorp had a return on equity of 22.86% and a net margin of 22.08%. Analysts predict that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.
Merchants Bancorp Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, March 14th. This is a positive change from Merchants Bancorp's previous quarterly dividend of $0.09. Merchants Bancorp's dividend payout ratio (DPR) is 6.34%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on MBIN shares. Raymond James restated an "outperform" rating and issued a $53.00 price objective (up from $50.00) on shares of Merchants Bancorp in a research report on Thursday, January 30th. Piper Sandler upped their price objective on shares of Merchants Bancorp from $52.50 to $56.50 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley reduced their target price on Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th.
View Our Latest Stock Report on Merchants Bancorp
Merchants Bancorp Company Profile
(
Free Report)
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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