Valeo Financial Advisors LLC Grows Position in Merchants Bancorp (NASDAQ:MBIN)

Valeo Financial Advisors LLC grew its stake in shares of Merchants Bancorp (NASDAQ:MBIN - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 225,419 shares of the company's stock after purchasing an additional 6,882 shares during the quarter. Valeo Financial Advisors LLC owned approximately 0.49% of Merchants Bancorp worth $8,221,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Elser Financial Planning Inc purchased a new stake in shares of Merchants Bancorp during the fourth quarter valued at approximately $994,207,000. Geode Capital Management LLC boosted its stake in shares of Merchants Bancorp by 3.0% during the third quarter. Geode Capital Management LLC now owns 566,520 shares of the company's stock valued at $25,476,000 after purchasing an additional 16,666 shares during the period. Royce & Associates LP boosted its stake in shares of Merchants Bancorp by 143.1% during the third quarter. Royce & Associates LP now owns 490,189 shares of the company's stock valued at $22,039,000 after purchasing an additional 288,553 shares during the period. State Street Corp boosted its stake in shares of Merchants Bancorp by 4.7% during the third quarter. State Street Corp now owns 448,525 shares of the company's stock valued at $20,205,000 after purchasing an additional 20,214 shares during the period. Finally, Banc Funds Co. LLC raised its holdings in shares of Merchants Bancorp by 3.3% during the third quarter. Banc Funds Co. LLC now owns 389,615 shares of the company's stock valued at $17,517,000 after acquiring an additional 12,500 shares in the last quarter. Hedge funds and other institutional investors own 24.57% of the company's stock.

Insider Activity

In other news, insider Scott A. Evans sold 25,000 shares of the firm'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 transaction, the insider now directly owns 27,606 shares in the company, valued at $1,189,818.60. This trade represents a 47.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 39.70% of the company's stock.

Merchants Bancorp Stock Down 2.1 %

MBIN traded down $0.90 during trading on Wednesday, reaching $42.47. The stock had a trading volume of 19,073 shares, compared to its average volume of 170,516. The stock's 50 day moving average is $38.75 and its two-hundred day moving average is $41.14. 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 company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 6.73 and a beta of 1.15. Merchants Bancorp has a one year low of $34.16 and a one year high of $53.27.

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 (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%. As a group, analysts expect that Merchants Bancorp will post 5.54 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on MBIN. Raymond James restated 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. Piper Sandler increased 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.

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.