AJOVista LLC Makes New Investment in Merchants Bancorp (NASDAQ:MBIN)

AJOVista LLC acquired a new position in shares of Merchants Bancorp (NASDAQ:MBIN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,027 shares of the company’s stock, valued at approximately $86,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Federated Hermes Inc. boosted its stake in Merchants Bancorp by 42,253.6% during the 4th quarter. Federated Hermes Inc. now owns 217,274 shares of the company’s stock worth $9,252,000 after purchasing an additional 216,761 shares during the period. Sapient Capital LLC purchased a new position in Merchants Bancorp during the fourth quarter worth about $3,414,000. Assenagon Asset Management S.A. boosted its stake in shares of Merchants Bancorp by 129.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 126,877 shares of the company’s stock valued at $5,402,000 after buying an additional 71,632 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in Merchants Bancorp by 94.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 109,732 shares of the company’s stock valued at $4,672,000 after purchasing an additional 53,333 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Merchants Bancorp by 85.9% during the third quarter. Los Angeles Capital Management LLC now owns 76,330 shares of the company’s stock worth $2,116,000 after purchasing an additional 35,280 shares during the last quarter. 24.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Raymond James lifted their price target on Merchants Bancorp from $44.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 30th. Piper Sandler restated an “overweight” rating and set a $58.50 target price (up previously from $53.00) on shares of Merchants Bancorp in a research report on Friday.

Merchants Bancorp Trading Up 6.6 %

Shares of MBIN stock traded up $2.85 during trading hours on Friday, hitting $45.87. 210,733 shares of the company were exchanged, compared to its average volume of 142,457. Merchants Bancorp has a 1 year low of $21.50 and a 1 year high of $48.68. The firm has a fifty day moving average of $41.29 and a 200 day moving average of $38.79. The firm has a market cap of $1.99 billion, a PE ratio of 7.20 and a beta of 1.17. The company has a quick ratio of 0.77, a current ratio of 0.99 and a debt-to-equity ratio of 0.80.

Merchants Bancorp (NASDAQ:MBIN) last announced its quarterly earnings data on Monday, April 29th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.43. Merchants Bancorp had a net margin of 23.55% and a return on equity of 27.51%. The company had revenue of $355.05 million during the quarter, compared to analysts’ expectations of $144.15 million. Analysts expect that Merchants Bancorp will post 6.02 earnings per share for the current year.

Merchants Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.78%. This is a positive change from Merchants Bancorp’s previous quarterly dividend of $0.08. Merchants Bancorp’s dividend payout ratio is presently 5.65%.

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.