Insider Selling: Merchants Bancorp (NASDAQ:MBIN) Insider Sells 25,000 Shares of Stock

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) insider Scott A. Evans sold 25,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 27,606 shares in the company, valued at approximately $1,189,818.60. This 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 accessible through this hyperlink.

Merchants Bancorp Price Performance

Merchants Bancorp stock traded up $2.59 during trading hours on Wednesday, reaching $42.35. 609,152 shares of the stock were exchanged, compared to its average volume of 189,342. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 2.40. Merchants Bancorp has a twelve month low of $34.16 and a twelve month high of $53.27. The company has a market cap of $1.94 billion, a P/E ratio of 7.01 and a beta of 1.14. The stock has a 50 day moving average of $38.20 and a two-hundred day moving average of $41.72.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.58. Merchants Bancorp had a net margin of 21.33% and a return on equity of 22.36%. Equities analysts expect that Merchants Bancorp will post 5.73 EPS for the current fiscal year.

Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.85%. The ex-dividend date was Friday, December 13th. Merchants Bancorp's payout ratio is 5.96%.

Institutional Investors Weigh In On Merchants Bancorp

Hedge funds have recently modified their holdings of the company. Royce & Associates LP raised its stake in shares of Merchants Bancorp by 143.1% during the third quarter. Royce & Associates LP now owns 490,189 shares of the company's stock valued at $22,039,000 after acquiring an additional 288,553 shares during the last quarter. State Street Corp lifted its holdings in Merchants Bancorp by 4.7% during the 3rd quarter. State Street Corp now owns 448,525 shares of the company's stock worth $20,205,000 after buying an additional 20,214 shares during the period. Geode Capital Management LLC lifted its holdings 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 buying an additional 16,666 shares during the period. Barclays PLC increased its stake in shares of Merchants Bancorp by 351.8% in 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, Franklin Resources Inc. increased its stake in shares of Merchants Bancorp by 85.3% in the third quarter. Franklin Resources Inc. now owns 33,338 shares of the company's stock valued at $1,504,000 after buying an additional 15,342 shares during the period. Institutional investors and hedge funds own 24.57% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MBIN shares. Piper Sandler boosted their price objective on shares of Merchants Bancorp from $48.00 to $52.50 and gave the company an "overweight" rating in a report on Tuesday, November 26th. Raymond James reduced their price target on Merchants Bancorp from $58.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 29th.

About Merchants Bancorp

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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