Quantbot Technologies LP Grows Position in Merchants Bancorp (NASDAQ:MBIN)

Quantbot Technologies LP boosted its stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 106.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,262 shares of the company's stock after purchasing an additional 8,908 shares during the quarter. Quantbot Technologies LP's holdings in Merchants Bancorp were worth $630,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MBIN. Semanteon Capital Management LP purchased a new position in shares of Merchants Bancorp in the fourth quarter valued at $523,000. Boston Partners increased its holdings in shares of Merchants Bancorp by 2.9% in the 4th quarter. Boston Partners now owns 337,235 shares of the company's stock worth $12,500,000 after buying an additional 9,386 shares during the last quarter. Royce & Associates LP raised its position in shares of Merchants Bancorp by 15.5% during the 4th quarter. Royce & Associates LP now owns 566,245 shares of the company's stock valued at $20,651,000 after buying an additional 76,056 shares in the last quarter. Moran Wealth Management LLC purchased a new position in Merchants Bancorp in the fourth quarter worth about $3,524,000. Finally, Inceptionr LLC increased its stake in Merchants Bancorp by 13.7% during the fourth quarter. Inceptionr LLC now owns 5,718 shares of the company's stock worth $209,000 after acquiring an additional 687 shares during the last quarter. Institutional investors own 24.57% of the company's stock.

Insider Activity

In related news, insider Scott A. Evans sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $43.10, for a total value of $1,077,500.00. Following the completion of the transaction, the insider now directly owns 27,606 shares of the company's stock, valued at $1,189,818.60. This trade represents a 47.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 39.70% of the company's stock.

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Merchants Bancorp Stock Down 0.3 %

MBIN traded down $0.11 on Monday, hitting $36.94. The company had a trading volume of 30,782 shares, compared to its average volume of 185,244. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 5.87 and a beta of 1.16. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 1.15. The stock has a fifty day moving average price of $40.22 and a 200-day moving average price of $40.37. Merchants Bancorp has a 12-month low of $34.16 and a 12-month high of $53.27.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.85 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Merchants Bancorp will post 5.54 EPS for the current fiscal year.

Merchants Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, March 14th. This is an increase from Merchants Bancorp's previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.08%. Merchants Bancorp's dividend payout ratio is presently 6.34%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Piper Sandler increased their price target on Merchants Bancorp from $52.50 to $56.50 and gave the company an "overweight" rating in a report on Thursday, January 30th. Morgan Stanley decreased their price target on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Finally, Raymond James reissued an "outperform" rating and issued a $53.00 price objective (up previously from $50.00) on shares of Merchants Bancorp in a research note on Thursday, January 30th.

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.