Merchants Bancorp (NASDAQ:MBIN) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC raised its holdings in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) by 66.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,465 shares of the company's stock after purchasing an additional 23,661 shares during the quarter. AQR Capital Management LLC owned 0.14% of Merchants Bancorp worth $2,411,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MBIN. nVerses Capital LLC raised its holdings in shares of Merchants Bancorp by 650.0% in the 2nd quarter. nVerses Capital LLC now owns 1,500 shares of the company's stock valued at $61,000 after purchasing an additional 1,300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Merchants Bancorp by 79.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,755 shares of the company's stock valued at $193,000 after acquiring an additional 2,101 shares during the period. Wellington Wealth Strategies LLC. purchased a new stake in shares of Merchants Bancorp during the 1st quarter worth $202,000. Price T Rowe Associates Inc. MD bought a new stake in Merchants Bancorp during the first quarter valued at about $202,000. Finally, Sandia Investment Management LP purchased a new position in Merchants Bancorp in the second quarter valued at about $203,000. 24.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Merchants Bancorp

In other news, CEO Michael R. Dury acquired 6,000 shares of the business's stock in a transaction on Wednesday, July 31st. The stock was bought at an average price of $44.82 per share, with a total value of $268,920.00. Following the completion of the acquisition, the chief executive officer now owns 88,593 shares of the company's stock, valued at approximately $3,970,738.26. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Michael R. Dury purchased 6,000 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average price of $44.82 per share, with a total value of $268,920.00. Following the purchase, the chief executive officer now owns 88,593 shares of the company's stock, valued at $3,970,738.26. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael F. Petrie sold 22,050 shares of the company's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $45.34, for a total transaction of $999,747.00. Following the transaction, the chief executive officer now owns 1,990,545 shares of the company's stock, valued at $90,251,310.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.70% of the stock is currently owned by corporate insiders.

Merchants Bancorp Stock Performance

Shares of MBIN stock traded up $0.50 during mid-day trading on Wednesday, reaching $44.42. The stock had a trading volume of 51,549 shares, compared to its average volume of 177,469. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81. Merchants Bancorp has a 1-year low of $25.78 and a 1-year high of $53.27. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 6.97 and a beta of 1.09. The business's fifty day moving average is $43.64 and its 200-day moving average is $42.72.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its quarterly earnings data on Monday, July 29th. The company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.08). Merchants Bancorp had a net margin of 23.14% and a return on equity of 25.54%. The business had revenue of $359.62 million during the quarter, compared to analysts' expectations of $160.70 million. During the same period last year, the company earned $1.31 earnings per share. On average, research analysts forecast that Merchants Bancorp will post 6.09 earnings per share for the current year.

Merchants Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, September 13th. Merchants Bancorp's dividend payout ratio is currently 5.65%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Raymond James lowered Merchants Bancorp from a "strong-buy" rating to an "outperform" rating and increased their price objective for the company from $55.00 to $58.00 in a report on Tuesday, July 30th. Morgan Stanley started coverage on Merchants Bancorp in a research note on Monday, September 9th. They set an "equal weight" rating and a $54.00 price target on the 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.