Quantbot Technologies LP Has $376,000 Stock Position in Merchants Bancorp (NASDAQ:MBIN)

Quantbot Technologies LP decreased its position in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 62.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,354 shares of the company's stock after selling 14,070 shares during the period. Quantbot Technologies LP's holdings in Merchants Bancorp were worth $376,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP boosted its holdings in Merchants Bancorp by 6,793.6% during the second quarter. Marshall Wace LLP now owns 365,290 shares of the company's stock worth $14,809,000 after buying an additional 359,991 shares during the last quarter. Royce & Associates LP boosted its holdings in Merchants Bancorp by 143.1% during the third quarter. Royce & Associates LP now owns 490,189 shares of the company's stock worth $22,039,000 after buying an additional 288,553 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Merchants Bancorp by 91.5% during the second quarter. Assenagon Asset Management S.A. now owns 264,464 shares of the company's stock worth $10,721,000 after buying an additional 126,375 shares during the last quarter. Ovata Capital Management Ltd bought a new position in Merchants Bancorp during the second quarter worth about $4,054,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Merchants Bancorp by 10.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,893 shares of the company's stock worth $41,465,000 after buying an additional 94,781 shares during the last quarter. Institutional investors own 24.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Raymond James reduced their target price on Merchants Bancorp from $58.00 to $55.00 and set an "outperform" rating on the stock in a report on Tuesday, October 29th. Morgan Stanley assumed coverage on Merchants Bancorp in a report on Monday, September 9th. They set an "equal weight" rating and a $54.00 target price on the stock. Finally, Piper Sandler raised their target price on Merchants Bancorp from $48.00 to $52.50 and gave the stock an "overweight" rating in a report on Tuesday, November 26th.

Insider Activity at Merchants Bancorp

In related news, Director Patrick D. O'brien purchased 40,000 shares of the stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $25.00 per share, with a total value of $1,000,000.00. Following the transaction, the director now directly owns 40,000 shares of the company's stock, valued at $1,000,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 39.70% of the stock is owned by insiders.

Merchants Bancorp Stock Up 0.8 %

Shares of NASDAQ:MBIN traded up $0.34 during trading on Wednesday, hitting $40.36. 113,441 shares of the company's stock traded hands, compared to its average volume of 178,319. Merchants Bancorp has a 52 week low of $34.70 and a 52 week high of $53.27. 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 company has a market cap of $1.85 billion, a price-to-earnings ratio of 6.68 and a beta of 1.13. The company has a 50-day moving average price of $41.77 and a 200-day moving average price of $42.55.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.25). Merchants Bancorp had a net margin of 21.33% and a return on equity of 22.36%. The business had revenue of $355.67 million for the quarter, compared to the consensus estimate of $156.13 million. During the same quarter last year, the firm earned $1.68 EPS. As a group, research analysts forecast that Merchants Bancorp will post 5.74 EPS for the current fiscal year.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, December 13th. Merchants Bancorp's dividend payout ratio is presently 5.96%.

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.