Merchants Bancorp (NASDAQ:MBIN) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in Merchants Bancorp (NASDAQ:MBIN) by 18.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 61,990 shares of the company’s stock after selling 14,340 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Merchants Bancorp were worth $2,640,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MBIN. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Merchants Bancorp by 45.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,648 shares of the company’s stock worth $198,000 after buying an additional 1,463 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Merchants Bancorp during the third quarter worth $199,000. Arizona State Retirement System purchased a new position in Merchants Bancorp in the fourth quarter valued at $206,000. Meeder Advisory Services Inc. acquired a new stake in Merchants Bancorp in the third quarter valued at $208,000. Finally, Bailard Inc. purchased a new stake in Merchants Bancorp during the 3rd quarter worth about $227,000. Institutional investors and hedge funds own 24.57% of the company’s stock.

Merchants Bancorp Stock Up 2.1 %

MBIN opened at $46.83 on Tuesday. The stock has a market capitalization of $2.03 billion, a P/E ratio of 7.35 and a beta of 1.17. Merchants Bancorp has a one year low of $22.18 and a one year high of $48.68. The business’s 50-day simple moving average is $41.41 and its 200-day simple moving average is $39.01. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.77 and a current ratio of 0.99.

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

Merchants Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.09 dividend. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.77%. Merchants Bancorp’s payout ratio is presently 5.65%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MBIN shares. Piper Sandler reiterated an “overweight” rating and issued a $58.50 price objective (up previously from $53.00) on shares of Merchants Bancorp in a report on Friday. Raymond James increased their price target on shares of Merchants Bancorp from $44.00 to $55.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 30th.

Merchants Bancorp Company Profile

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.