Quantbot Technologies LP Purchases 8,908 Shares of Merchants Bancorp (NASDAQ:MBIN)

Quantbot Technologies LP lifted its position in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 106.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,262 shares of the company's stock after acquiring 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBIN. Victory Capital Management Inc. grew its stake in Merchants Bancorp by 3.7% during the 3rd quarter. Victory Capital Management Inc. now owns 12,734 shares of the company's stock valued at $573,000 after acquiring an additional 456 shares in the last quarter. FMR LLC increased its stake in Merchants Bancorp by 214.5% in the 3rd quarter. FMR LLC now owns 3,957 shares of the company's stock valued at $178,000 after buying an additional 2,699 shares during the period. BNP Paribas Financial Markets lifted its position in Merchants Bancorp by 48.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 32,156 shares of the company's stock worth $1,446,000 after buying an additional 10,508 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Merchants Bancorp by 5.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,319 shares of the company's stock valued at $914,000 after buying an additional 1,099 shares during the period. Finally, Banc Funds Co. LLC boosted its stake in shares of Merchants Bancorp by 3.3% during the 3rd quarter. Banc Funds Co. LLC now owns 389,615 shares of the company's stock valued at $17,517,000 after buying an additional 12,500 shares during the period. Institutional investors and hedge funds own 24.57% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Merchants Bancorp

In other news, insider Scott A. Evans sold 25,000 shares of Merchants Bancorp stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $43.10, for a total transaction of $1,077,500.00. Following the sale, the insider now owns 27,606 shares of the company's stock, valued at approximately $1,189,818.60. This trade represents a 47.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 39.70% of the company's stock.

Merchants Bancorp Stock Performance

Merchants Bancorp stock traded down $0.04 on Monday, reaching $37.00. 137,572 shares of the stock were exchanged, compared to its average volume of 185,658. The firm has a fifty day moving average price of $40.19 and a two-hundred day moving average price of $40.33. Merchants Bancorp has a twelve month low of $34.16 and a twelve month high of $53.27. The stock has a market cap of $1.70 billion, a PE ratio of 5.86 and a beta of 1.16. 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 posted its quarterly earnings data on Monday, February 3rd. The company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.58. Merchants Bancorp had a return on equity of 22.86% and a net margin of 22.08%. Sell-side analysts anticipate that Merchants Bancorp will post 5.54 EPS for the current year.

Merchants Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.08%. This is a positive change from Merchants Bancorp's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, March 14th. Merchants Bancorp's payout ratio is currently 6.34%.

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.