Merchants Bancorp (NASDAQ:MBIN) Shares Sold by Rosenthal Henry Capital Advisors Inc.

Rosenthal Henry Capital Advisors Inc. trimmed its position in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) by 47.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,602 shares of the company's stock after selling 30,000 shares during the period. Rosenthal Henry Capital Advisors Inc. owned about 0.07% of Merchants Bancorp worth $1,189,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CWM LLC raised its stake in Merchants Bancorp by 209.4% during the 3rd quarter. CWM LLC now owns 1,284 shares of the company's stock worth $58,000 after acquiring an additional 869 shares in the last quarter. Matrix Trust Co grew its stake in shares of Merchants Bancorp by 730.8% in the 4th quarter. Matrix Trust Co now owns 2,642 shares of the company's stock valued at $96,000 after purchasing an additional 2,324 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Merchants Bancorp during the third quarter worth approximately $162,000. Point72 Asset Management L.P. lifted its holdings in shares of Merchants Bancorp by 54.3% during the second quarter. Point72 Asset Management L.P. now owns 4,012 shares of the company's stock worth $163,000 after purchasing an additional 1,412 shares during the period. Finally, FMR LLC grew its position 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 last quarter. 24.57% of the stock is owned by hedge funds and other institutional investors.

Merchants Bancorp Price Performance

NASDAQ:MBIN traded up $0.23 during trading hours on Thursday, hitting $43.12. The company's stock had a trading volume of 118,540 shares, compared to its average volume of 185,685. The company has a market capitalization of $1.97 billion, a PE ratio of 6.83 and a beta of 1.15. Merchants Bancorp has a 52-week low of $34.16 and a 52-week high of $53.27. The business's 50-day moving average is $38.31 and its two-hundred day moving average is $41.52. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 1.15.

Merchants Bancorp (NASDAQ:MBIN - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.27 by $0.58. Merchants Bancorp had a net margin of 22.08% and a return on equity of 22.86%. As a group, research analysts anticipate that Merchants Bancorp will post 5.54 EPS for the current fiscal year.

Merchants Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were given a dividend of $0.09 per share. The ex-dividend date was Friday, December 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.83%. Merchants Bancorp's payout ratio is 5.71%.

Insider Buying and Selling at Merchants Bancorp

In other 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 sale, the insider now directly owns 27,606 shares in the company, valued at $1,189,818.60. This represents a 47.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick D. O'brien acquired 40,000 shares of the company's stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $25.00 per share, with a total value of $1,000,000.00. Following the completion of the purchase, the director now owns 40,000 shares in the company, valued at approximately $1,000,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MBIN. Piper Sandler upped their price objective on shares of Merchants Bancorp from $52.50 to $56.50 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Raymond James reiterated an "outperform" rating and set a $53.00 price target (up from $50.00) on shares of Merchants Bancorp in a research note on Thursday, January 30th.

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.