Merchants Bancorp (NASDAQ:MBIN) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,712 shares of the company's stock after acquiring an additional 38,453 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.25% of Merchants Bancorp worth $4,111,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MBIN. Victory Capital Management Inc. increased its position in shares of Merchants Bancorp by 3.7% during the third quarter. Victory Capital Management Inc. now owns 12,734 shares of the company's stock worth $573,000 after purchasing an additional 456 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Merchants Bancorp by 9.4% during the third quarter. Harbor Capital Advisors Inc. now owns 5,340 shares of the company's stock worth $240,000 after buying an additional 460 shares in the last quarter. Sei Investments Co. raised its position in shares of Merchants Bancorp by 10.3% in the second quarter. Sei Investments Co. now owns 8,571 shares of the company's stock valued at $347,000 after buying an additional 800 shares during the last quarter. CWM LLC lifted its stake in shares of Merchants Bancorp by 209.4% in the third quarter. CWM LLC now owns 1,284 shares of the company's stock worth $58,000 after buying an additional 869 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Merchants Bancorp by 5.7% during 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 acquiring an additional 1,099 shares during the last quarter. 24.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on MBIN. Piper Sandler increased 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 cut their price target on Merchants Bancorp from $58.00 to $55.00 and set an "outperform" rating for the company in a report on Tuesday, October 29th.

Merchants Bancorp Trading Up 2.5 %

Merchants Bancorp stock traded up $0.97 during midday trading on Tuesday, hitting $39.64. 107,515 shares of the stock were exchanged, compared to its average volume of 143,988. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 2.40. The stock's 50-day simple moving average is $38.18 and its 200 day simple moving average is $41.82. Merchants Bancorp has a fifty-two week low of $34.16 and a fifty-two week high of $53.27. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 6.56 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.42 by ($0.25). Merchants Bancorp had a return on equity of 22.36% and a net margin of 21.33%. The firm had revenue of $355.67 million for the quarter, compared to analyst estimates of $156.13 million. During the same quarter in the prior year, the business earned $1.68 EPS. On average, equities analysts anticipate that Merchants Bancorp will post 5.73 EPS for the current 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 issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.36 annualized dividend and a yield of 0.91%. Merchants Bancorp's dividend payout ratio (DPR) is currently 5.96%.

Insider Buying and Selling at Merchants Bancorp

In related news, Director Patrick D. O'brien acquired 40,000 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $1,000,000.00. Following the purchase, the director now owns 40,000 shares of the company's stock, valued at $1,000,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 39.70% of the stock is currently owned by corporate insiders.

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.