By otakuyassine3@gmail.com 
Merchants Bancorp (NASDAQ:MBIN – Get Free Report) insider Scott A. Evans sold 25,000 shares of the stock in a transaction dated Wednesday, January 29th. The shares were 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 approximately $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 accessible through this hyperlink.
Merchants Bancorp Price Performance
Merchants Bancorp stock traded up $2.59 during trading hours on Wednesday, reaching $42.35. 609,152 shares of the stock were exchanged, compared to its average volume of 189,342. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 2.40. Merchants Bancorp has a twelve month low of $34.16 and a twelve month high of $53.27. The company has a market cap of $1.94 billion, a P/E ratio of 7.01 and a beta of 1.14. The stock has a 50 day moving average of $38.20 and a two-hundred day moving average of $41.72.
Merchants Bancorp (NASDAQ:MBIN – Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.58. Merchants Bancorp had a net margin of 21.33% and a return on equity of 22.36%. Equities analysts expect that Merchants Bancorp will post 5.73 EPS for the current fiscal year.
Merchants Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.85%. The ex-dividend date was Friday, December 13th. Merchants Bancorp’s payout ratio is 5.96%.
Institutional Investors Weigh In On Merchants Bancorp
Hedge funds have recently modified their holdings of the company. Royce & Associates LP raised 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 acquiring an additional 288,553 shares during the last quarter. State Street Corp lifted its holdings in Merchants Bancorp by 4.7% during the 3rd quarter. State Street Corp now owns 448,525 shares of the company’s stock worth $20,205,000 after buying an additional 20,214 shares during the period. Geode Capital Management LLC lifted its holdings in Merchants Bancorp by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 566,520 shares of the company’s stock worth $25,476,000 after buying an additional 16,666 shares during the period. Barclays PLC increased its stake in shares of Merchants Bancorp by 351.8% in the third quarter. Barclays PLC now owns 28,312 shares of the company’s stock valued at $1,273,000 after buying an additional 22,046 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Merchants Bancorp by 85.3% in the third quarter. Franklin Resources Inc. now owns 33,338 shares of the company’s stock valued at $1,504,000 after buying an additional 15,342 shares during the period. Institutional investors and hedge funds own 24.57% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have issued reports on MBIN shares. Piper Sandler boosted their price objective on shares of Merchants Bancorp from $48.00 to $52.50 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Raymond James reduced their price target on Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th.
View Our Latest Analysis on Merchants Bancorp
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.
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