9,955 Shares in Merchants Bancorp (NASDAQ:MBIN) Bought by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC acquired a new stake in Merchants Bancorp (NASDAQ:MBIN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,955 shares of the company’s stock, valued at approximately $424,000.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Merchants Bancorp in the third quarter valued at about $199,000. Raymond James & Associates lifted its stake in Merchants Bancorp by 1.4% in the third quarter. Raymond James & Associates now owns 34,501 shares of the company’s stock valued at $956,000 after purchasing an additional 489 shares during the last quarter. Bailard Inc. bought a new position in Merchants Bancorp during the third quarter valued at $227,000. Los Angeles Capital Management LLC increased its position in Merchants Bancorp by 85.9% in the third quarter. Los Angeles Capital Management LLC now owns 76,330 shares of the company’s stock worth $2,116,000 after buying an additional 35,280 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Merchants Bancorp by 2.6% in the third quarter. Assenagon Asset Management S.A. now owns 55,245 shares of the company’s stock valued at $1,531,000 after buying an additional 1,382 shares during the period. 24.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Raymond James upped their price objective on shares of Merchants Bancorp from $44.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 30th.

Merchants Bancorp Stock Performance

Shares of Merchants Bancorp stock traded up $0.63 during trading hours on Wednesday, reaching $40.96. The company had a trading volume of 11,215 shares, compared to its average volume of 122,924. The firm has a market cap of $1.78 billion, a PE ratio of 6.33 and a beta of 1.18. Merchants Bancorp has a one year low of $21.50 and a one year high of $48.68. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.77. The business has a fifty day simple moving average of $41.17 and a 200 day simple moving average of $38.53.

Merchants Bancorp (NASDAQ:MBIN) last posted its earnings results on Monday, April 29th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.43. The business had revenue of $355.05 million for the quarter, compared to analysts’ expectations of $144.15 million. Merchants Bancorp had a net margin of 23.55% and a return on equity of 27.51%. On average, analysts anticipate that Merchants Bancorp will post 5.65 earnings per share for the current fiscal year.

Merchants Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Merchants Bancorp’s previous quarterly dividend of $0.08. Merchants Bancorp’s payout ratio is currently 5.65%.

Merchants Bancorp 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.