Merchants Bancorp (NASDAQ:MBIN) Shares Acquired by Sei Investments Co.

Sei Investments Co. grew its stake in shares of Merchants Bancorp (NASDAQ:MBIN) by 10.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,571 shares of the company’s stock after purchasing an additional 800 shares during the period. Sei Investments Co.’s holdings in Merchants Bancorp were worth $347,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Assenagon Asset Management S.A. raised its holdings in Merchants Bancorp by 91.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 264,464 shares of the company’s stock worth $10,721,000 after buying an additional 126,375 shares during the period. Ovata Capital Management Ltd acquired a new stake in shares of Merchants Bancorp during the second quarter valued at approximately $4,054,000. Dimensional Fund Advisors LP lifted its position in shares of Merchants Bancorp by 10.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,893 shares of the company’s stock valued at $41,465,000 after acquiring an additional 94,781 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Merchants Bancorp by 441.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 106,717 shares of the company’s stock worth $4,608,000 after purchasing an additional 87,012 shares during the period. Finally, American Century Companies Inc. boosted its stake in Merchants Bancorp by 23.0% in the 2nd quarter. American Century Companies Inc. now owns 370,257 shares of the company’s stock worth $15,010,000 after purchasing an additional 69,133 shares during the period. 24.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Raymond James downgraded shares of Merchants Bancorp from a “strong-buy” rating to an “outperform” rating and boosted their target price for the company from $55.00 to $58.00 in a research note on Tuesday, July 30th. Morgan Stanley started coverage on Merchants Bancorp in a research note on Monday, September 9th. They issued an “equal weight” rating and a $54.00 price objective for the company.

Insider Buying and Selling at Merchants Bancorp

In other news, CEO Michael F. Petrie sold 22,050 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $45.34, for a total transaction of $999,747.00. Following the transaction, the chief executive officer now owns 1,990,545 shares in the company, valued at $90,251,310.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael F. Petrie sold 22,050 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $45.34, for a total transaction of $999,747.00. Following the transaction, the chief executive officer now owns 1,990,545 shares of the company’s stock, valued at approximately $90,251,310.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Randall D. Rogers sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $44.00, for a total value of $3,300,000.00. Following the completion of the sale, the insider now owns 748,000 shares of the company’s stock, valued at approximately $32,912,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.70% of the company’s stock.

Merchants Bancorp Trading Up 0.7 %

Shares of NASDAQ:MBIN opened at $44.73 on Friday. The firm has a fifty day moving average of $43.68 and a two-hundred day moving average of $42.74. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.81. Merchants Bancorp has a 12-month low of $25.78 and a 12-month high of $53.27. The firm has a market capitalization of $1.94 billion, a P/E ratio of 7.02 and a beta of 1.09.

Merchants Bancorp (NASDAQ:MBIN) last issued its earnings results on Monday, July 29th. The company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.08). Merchants Bancorp had a net margin of 23.14% and a return on equity of 25.54%. The firm had revenue of $359.62 million during the quarter, compared to analysts’ expectations of $160.70 million. During the same quarter last year, the firm earned $1.31 EPS. On average, equities analysts expect that Merchants Bancorp will post 6.09 EPS for the current fiscal year.

Merchants Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.80%. The ex-dividend date was Friday, September 13th. Merchants Bancorp’s payout ratio is presently 5.65%.

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.