Merchants Bancorp (NASDAQ:MBIN) Insider Sells $1,077,500.00 in Stock

Merchants Bancorp (NASDAQ:MBIN) insider Scott A. Evans sold 25,000 shares of the business’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 transaction, the insider now owns 27,606 shares of the company’s stock, valued at approximately $1,189,818.60. This represents a 47.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Merchants Bancorp Stock Up 6.5 %

Shares of MBIN stock opened at $42.35 on Thursday. Merchants Bancorp has a 12-month low of $34.16 and a 12-month high of $53.27. The company has a quick ratio of 0.85, a current ratio of 1.15 and a debt-to-equity ratio of 2.40. The firm has a fifty day moving average of $38.20 and a 200-day moving average of $41.72. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 7.01 and a beta of 1.14.

Merchants Bancorp (NASDAQ:MBIN) last released its earnings results 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 22.36% and a net margin of 21.33%. As a group, equities research analysts predict that Merchants Bancorp will post 5.73 earnings per share for the current fiscal year.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders 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 of this dividend was Friday, December 13th. Merchants Bancorp’s payout ratio is 5.96%.

Wall Street Analyst Weigh In

MBIN has been the subject of several research analyst reports. Raymond James decreased their price target on shares of Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. Piper Sandler boosted their target price on Merchants Bancorp from $48.00 to $52.50 and gave the company an “overweight” rating in a research note on Tuesday, November 26th.

Hedge Funds Weigh In On Merchants Bancorp

A number of large investors have recently bought and sold shares of MBIN. Elser Financial Planning Inc acquired a new position in shares of Merchants Bancorp during the 4th quarter worth about $994,207,000. Royce & Associates LP boosted its position in 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 last quarter. Dimensional Fund Advisors LP grew its stake in Merchants Bancorp by 10.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,022,893 shares of the company’s stock valued at $41,465,000 after purchasing an additional 94,781 shares in the last quarter. Foundry Partners LLC acquired a new position in shares of Merchants Bancorp during the 3rd quarter worth approximately $3,477,000. Finally, Millennium Management LLC raised its stake in shares of Merchants Bancorp by 139.9% during the 2nd quarter. Millennium Management LLC now owns 91,579 shares of the company’s stock worth $3,713,000 after purchasing an additional 53,401 shares in the last quarter. Institutional investors and hedge funds own 24.57% of the company’s stock.

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.