Marshall Wace LLP Purchases 16,425 Shares of Merchants Bancorp (NASDAQ:MBIN)

Marshall Wace LLP raised its position in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 7.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 246,879 shares of the company's stock after purchasing an additional 16,425 shares during the period. Marshall Wace LLP owned 0.54% of Merchants Bancorp worth $9,004,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Elser Financial Planning Inc acquired a new position in Merchants Bancorp in the fourth quarter valued at $994,207,000. Valeo Financial Advisors LLC lifted its stake in shares of Merchants Bancorp by 3.1% in the 4th quarter. Valeo Financial Advisors LLC now owns 225,419 shares of the company's stock valued at $8,221,000 after purchasing an additional 6,882 shares during the period. Geode Capital Management LLC boosted its position in shares of Merchants Bancorp by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 566,520 shares of the company's stock valued at $25,476,000 after purchasing an additional 16,666 shares in the last quarter. State Street Corp grew its stake in Merchants Bancorp by 4.7% during 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. Finally, Franklin Resources Inc. increased its holdings 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 in the last quarter. 24.57% of the stock is owned by institutional investors.

Merchants Bancorp Trading Up 3.7 %

NASDAQ MBIN opened at $32.20 on Wednesday. Merchants Bancorp has a 52 week low of $30.73 and a 52 week high of $53.27. The business has a 50 day moving average price of $37.23 and a 200-day moving average price of $38.96. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 5.10 and a beta of 1.15.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.58. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. As a group, equities analysts expect that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.

Merchants Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a $0.10 dividend. This is a boost from Merchants Bancorp's previous quarterly dividend of $0.09. The ex-dividend date was Friday, March 14th. This represents a $0.40 annualized dividend and a yield of 1.24%. Merchants Bancorp's dividend payout ratio (DPR) is presently 6.34%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Piper Sandler increased their price target on Merchants Bancorp from $52.50 to $56.50 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Raymond James reduced their price target on shares of Merchants Bancorp from $53.00 to $45.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Finally, Morgan Stanley dropped their price objective on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th.

Insider Buying and Selling at Merchants Bancorp

In related news, insider Scott A. Evans sold 25,000 shares of Merchants Bancorp stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $43.10, for a total transaction of $1,077,500.00. Following the transaction, the insider now owns 27,606 shares of the company's stock, valued at $1,189,818.60. The trade was a 47.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 34.80% of the company's stock.

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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