Royce & Associates LP Purchases 76,056 Shares of Merchants Bancorp (NASDAQ:MBIN)

Royce & Associates LP raised its holdings in Merchants Bancorp (NASDAQ:MBIN - Free Report) by 15.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 566,245 shares of the company's stock after purchasing an additional 76,056 shares during the quarter. Royce & Associates LP owned 1.24% of Merchants Bancorp worth $20,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MBIN. Victory Capital Management Inc. boosted its holdings in shares of Merchants Bancorp by 3.7% in the 3rd quarter. Victory Capital Management Inc. now owns 12,734 shares of the company's stock worth $573,000 after buying an additional 456 shares during the last quarter. Inceptionr LLC raised its position in Merchants Bancorp by 13.7% in 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 period. Kestra Investment Management LLC purchased a new position in Merchants Bancorp in the fourth quarter valued at about $25,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 acquiring an additional 1,099 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Merchants Bancorp by 4.4% during the 4th quarter. Rhumbline Advisers now owns 28,753 shares of the company's stock valued at $1,049,000 after acquiring an additional 1,201 shares during the period. 24.57% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Merchants Bancorp

In other news, insider Scott A. Evans sold 25,000 shares of the business'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 completion of the transaction, the insider now owns 27,606 shares of the company's stock, valued at approximately $1,189,818.60. The trade was a 47.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MBIN has been the topic of several research analyst reports. Raymond James reiterated 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. Morgan Stanley dropped their price target on Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Finally, Piper Sandler lifted their price objective on Merchants Bancorp from $52.50 to $56.50 and gave the stock an "overweight" rating in a report on Thursday, January 30th.

Merchants Bancorp Price Performance

MBIN traded down $0.08 during trading on Thursday, reaching $38.92. 120,738 shares of the company were exchanged, compared to its average volume of 175,116. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 6.17 and a beta of 1.16. Merchants Bancorp has a 12-month low of $34.16 and a 12-month high of $53.27. The company's 50-day moving average is $39.99 and its two-hundred day moving average is $40.67.

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

Merchants Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Merchants Bancorp's previous quarterly dividend of $0.09. Merchants Bancorp's dividend payout ratio (DPR) is 6.34%.

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.