Merchants Bancorp (NASDAQ:MBIN – Get Free Report) Director Patrick D. O’brien acquired 40,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $25.00 per share, with a total value of $1,000,000.00. Following the purchase, the director now owns 40,000 shares of the company’s stock, valued at approximately $1,000,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
Merchants Bancorp Price Performance
NASDAQ:MBIN opened at $39.40 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 business has a 50 day simple moving average of $42.58 and a 200-day simple moving average of $42.87. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 6.52 and a beta of 1.12. Merchants Bancorp has a 1 year low of $32.52 and a 1 year high of $53.27.
Merchants Bancorp (NASDAQ:MBIN – Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.25). Merchants Bancorp had a net margin of 21.33% and a return on equity of 22.36%. The business had revenue of $355.67 million for the quarter, compared to analysts’ expectations of $156.13 million. During the same quarter last year, the firm earned $1.68 EPS. Equities analysts forecast that Merchants Bancorp will post 5.77 EPS for the current year.
Merchants Bancorp Dividend Announcement
Analysts Set New Price Targets
A number of equities research analysts have issued reports on MBIN shares. Morgan Stanley assumed coverage on shares of Merchants Bancorp in a report on Monday, September 9th. They set an “equal weight” rating and a $54.00 price objective for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $48.00 price objective (down previously from $56.00) on shares of Merchants Bancorp in a research note on Wednesday, October 30th. Finally, Raymond James decreased their price target on shares of Merchants Bancorp from $58.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th.
View Our Latest Research Report on Merchants Bancorp
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in MBIN. Marshall Wace LLP lifted its holdings in shares of Merchants Bancorp by 6,793.6% in the 2nd quarter. Marshall Wace LLP now owns 365,290 shares of the company’s stock worth $14,809,000 after buying an additional 359,991 shares during the period. Royce & Associates LP lifted its position in shares of Merchants Bancorp by 143.1% in the 3rd quarter. Royce & Associates LP now owns 490,189 shares of the company’s stock worth $22,039,000 after purchasing an additional 288,553 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Merchants Bancorp by 91.5% during the second quarter. Assenagon Asset Management S.A. now owns 264,464 shares of the company’s stock valued at $10,721,000 after purchasing an additional 126,375 shares in the last quarter. Ovata Capital Management Ltd bought a new position in Merchants Bancorp in the second quarter worth approximately $4,054,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Merchants Bancorp by 10.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,893 shares of the company’s stock worth $41,465,000 after buying an additional 94,781 shares during the period. Hedge funds and other institutional investors own 24.57% of the company’s stock.
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.
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