Merchants Bancorp (NASDAQ:MBIN) Shares Gap Up - What's Next?

Merchants Bancorp (NASDAQ:MBIN - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $39.76, but opened at $43.05. Merchants Bancorp shares last traded at $42.89, with a volume of 39,469 shares.

Wall Street Analyst Weigh In

MBIN has been the subject of several research analyst reports. Piper Sandler boosted their price objective on Merchants Bancorp from $48.00 to $52.50 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. Raymond James reduced their price objective on Merchants Bancorp from $58.00 to $55.00 and set an "outperform" rating for the company in a research report on Tuesday, October 29th.

Merchants Bancorp Stock Up 6.8 %

The firm has a fifty day moving average price of $38.12 and a 200 day moving average price of $41.72. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 7.09 and a beta of 1.14. 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 (NASDAQ:MBIN - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.85 EPS for the quarter, topping 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%. Sell-side analysts anticipate that Merchants Bancorp will post 5.73 EPS for the current fiscal year.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were given a dividend of $0.09 per share. The ex-dividend date was Friday, December 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.85%. Merchants Bancorp's payout ratio is currently 5.96%.

Insider Activity at Merchants Bancorp

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. CWM LLC boosted its position in shares of Merchants Bancorp by 209.4% during the third quarter. CWM LLC now owns 1,284 shares of the company's stock worth $58,000 after purchasing an additional 869 shares in the last quarter. Matrix Trust Co lifted its holdings in Merchants Bancorp by 730.8% during the fourth quarter. Matrix Trust Co now owns 2,642 shares of the company's stock worth $96,000 after acquiring an additional 2,324 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Merchants Bancorp in the third quarter valued at about $162,000. FMR LLC increased its holdings in shares of Merchants Bancorp by 214.5% in the third quarter. FMR LLC now owns 3,957 shares of the company's stock worth $178,000 after acquiring an additional 2,699 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Merchants Bancorp by 54.3% during the second quarter. Point72 Asset Management L.P. now owns 4,012 shares of the company's stock worth $163,000 after purchasing an additional 1,412 shares during the period. Institutional investors and hedge funds own 24.57% of the company's stock.

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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