2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. cut its holdings in Merchants Bancorp ( NASDAQ:MBIN – Free Report ) by 48.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 55,196 shares of the company’s stock after selling 51,783 shares during the quarter. Russell Investments Group Ltd. owned 0.
12% of Merchants Bancorp worth $2,013,000 as of its most recent SEC filing. Several other large investors have also made changes to their positions in MBIN. FMR LLC increased its holdings in Merchants Bancorp by 214.
5% in 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 in the last quarter. State Street Corp increased 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 worth $20,205,000 after purchasing an additional 20,214 shares in the last quarter. Barclays PLC raised its position in shares of Merchants Bancorp by 351.
8% during the 3rd quarter. Barclays PLC now owns 28,312 shares of the company’s stock worth $1,273,000 after purchasing an additional 22,046 shares during the last quarter. Geode Capital Management LLC lifted its stake in Merchants Bancorp by 3.
0% in the 3rd quarter. Geode Capital Management LLC now owns 566,520 shares of the company’s stock valued at $25,476,000 after buying an additional 16,666 shares in the last quarter. Finally, Franklin Resources Inc.
boosted its holdings in Merchants Bancorp by 85.3% in the 3rd quarter. Franklin Resources Inc.
now owns 33,338 shares of the company’s stock worth $1,504,000 after buying an additional 15,342 shares during the last quarter. 24.57% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Several equities analysts have recently weighed in on the company. Raymond James decreased their target price on Merchants Bancorp from $53.00 to $45.
00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley decreased their price objective on Merchants Bancorp from $47.00 to $45.
00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Finally, Piper Sandler upped their target price on shares of Merchants Bancorp from $52.50 to $56.
50 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Insiders Place Their Bets In other news, insider Scott A. Evans sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 27,606 shares in the company, valued at $1,189,818.60. This trade represents a 47.
52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . 34.
80% of the stock is owned by insiders. Merchants Bancorp Trading Up 1.5 % Shares of Merchants Bancorp stock opened at $32.
52 on Friday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.
15 and a quick ratio of 0.85. The stock’s 50 day simple moving average is $37.
66 and its 200-day simple moving average is $39.16. The stock has a market cap of $1.
49 billion, a P/E ratio of 5.15 and a beta of 1.15.
Merchants Bancorp has a 1-year low of $31.06 and a 1-year high of $53.27.
Merchants Bancorp ( NASDAQ:MBIN – Get Free Report ) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.85 earnings per share 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%. Analysts predict that Merchants Bancorp will post 5.
54 EPS for the current fiscal year. Merchants Bancorp Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.
10 per share. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.09.
This represents a $0.40 annualized dividend and a yield of 1.23%.
The ex-dividend date was Friday, March 14th. Merchants Bancorp’s dividend payout ratio (DPR) is presently 6.34%.
Merchants Bancorp Profile ( Free Report ) 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.
See Also Want to see what other hedge funds are holding MBIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merchants Bancorp ( NASDAQ:MBIN – Free Report ). Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with MarketBeat.
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