Merchants Bancorp (NASDAQ:MBIN - Get Free Report) had its price target reduced by analysts at Raymond James from $53.00 to $45.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Raymond James' target price would suggest a potential upside of 34.59% from the company's previous close.
MBIN has been the topic of a number of other reports. Piper Sandler boosted their price target on shares of Merchants Bancorp from $52.50 to $56.50 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Morgan Stanley cut their target price on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th.
View Our Latest Stock Report on MBIN
Merchants Bancorp Trading Up 0.0 %
Shares of Merchants Bancorp stock traded up $0.01 on Wednesday, reaching $33.44. The company had a trading volume of 129,351 shares, compared to its average volume of 187,439. 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 firm has a market cap of $1.53 billion, a PE ratio of 5.26 and a beta of 1.15. The firm's 50 day moving average price is $39.87 and its two-hundred day moving average price is $40.05. Merchants Bancorp has a 52-week low of $31.50 and a 52-week high of $53.27.
Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.85 EPS for the quarter, topping analysts' consensus estimates 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 predict that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider Scott A. Evans sold 25,000 shares of the firm's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 39.70% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers lifted its position in Merchants Bancorp by 4.0% in the fourth quarter. Cetera Investment Advisers now owns 9,800 shares of the company's stock valued at $357,000 after purchasing an additional 381 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Merchants Bancorp by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,292 shares of the company's stock worth $375,000 after buying an additional 392 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Merchants Bancorp by 1.1% in the 4th quarter. LPL Financial LLC now owns 47,903 shares of the company's stock valued at $1,747,000 after buying an additional 527 shares during the period. Inceptionr LLC boosted its stake in shares of Merchants Bancorp by 13.7% in the fourth quarter. Inceptionr LLC now owns 5,718 shares of the company's stock valued at $209,000 after buying an additional 687 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Merchants Bancorp during the fourth quarter worth $25,000. 24.57% of the stock is currently owned by institutional investors and hedge funds.
About Merchants Bancorp
(
Get Free Report)
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.
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