Semanteon Capital Management LP Makes New $523,000 Investment in Merchants Bancorp (NASDAQ:MBIN)

Semanteon Capital Management LP purchased a new stake in Merchants Bancorp (NASDAQ:MBIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,341 shares of the company's stock, valued at approximately $523,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new stake in Merchants Bancorp in the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of Merchants Bancorp in the fourth quarter valued at approximately $82,000. Matrix Trust Co boosted its stake in shares of Merchants Bancorp by 730.8% during the 4th quarter. Matrix Trust Co now owns 2,642 shares of the company's stock worth $96,000 after acquiring an additional 2,324 shares during the period. FMR LLC increased its holdings in shares of Merchants Bancorp by 214.5% during the 3rd quarter. FMR LLC now owns 3,957 shares of the company's stock worth $178,000 after acquiring an additional 2,699 shares during the last quarter. Finally, Hohimer Wealth Management LLC bought a new stake in Merchants Bancorp in the 3rd quarter valued at $202,000. Institutional investors own 24.57% of the company's stock.

Merchants Bancorp Stock Performance

MBIN stock traded down $0.28 during trading hours on Wednesday, hitting $37.96. 79,632 shares of the stock were exchanged, compared to its average volume of 175,168. Merchants Bancorp has a 12 month low of $34.16 and a 12 month high of $53.27. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $1.74 billion, a P/E ratio of 6.02 and a beta of 1.16. The company has a 50-day simple moving average of $40.24 and a two-hundred day simple moving average of $40.47.

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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 net margin of 22.08% and a return on equity of 22.86%. On average, analysts forecast that Merchants Bancorp will post 5.54 earnings per share for the current fiscal year.

Merchants Bancorp Increases Dividend

The business 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 $0.10 dividend. This is a boost from Merchants Bancorp's previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, March 14th. Merchants Bancorp's payout ratio is 6.34%.

Insider Buying and Selling

In other news, insider Scott A. Evans sold 25,000 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 27,606 shares in the company, valued at approximately $1,189,818.60. This represents a 47.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 39.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Piper Sandler lifted 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 reaffirmed an "outperform" rating and set a $53.00 target price (up previously from $50.00) on shares of Merchants Bancorp in a report on Thursday, January 30th. Finally, Morgan Stanley lowered their price target on shares of Merchants Bancorp from $47.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th.

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.